Endeavor Private Wealth Inc. Acquires Shares of 800 Church & Dwight Co., Inc. (NYSE:CHD)

Endeavor Private Wealth Inc. purchased a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 800 shares of the company’s stock, valued at approximately $84,000.

Other hedge funds also recently modified their holdings of the company. Millennium Management LLC grew its position in Church & Dwight by 1,617.3% during the second quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock valued at $134,043,000 after buying an additional 1,217,568 shares during the period. Holocene Advisors LP bought a new position in Church & Dwight during the third quarter valued at $104,795,000. State Street Corp increased its position in Church & Dwight by 8.0% in the third quarter. State Street Corp now owns 13,116,334 shares of the company’s stock worth $1,373,542,000 after buying an additional 969,006 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Church & Dwight during the 3rd quarter valued at $58,338,000. Finally, Barclays PLC grew its stake in shares of Church & Dwight by 63.9% during the 3rd quarter. Barclays PLC now owns 1,106,131 shares of the company’s stock worth $115,832,000 after acquiring an additional 431,257 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Activity at Church & Dwight

In other news, EVP Michael Read acquired 1,100 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was acquired at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the completion of the acquisition, the executive vice president now owns 2,505 shares in the company, valued at $267,584.10. This trade represents a 78.29 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew Farrell sold 165,823 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the completion of the sale, the chief executive officer now directly owns 112,719 shares in the company, valued at $11,613,438.57. This represents a 59.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 593,035 shares of company stock worth $62,282,808 over the last quarter. 2.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CHD has been the subject of a number of research reports. TD Cowen increased their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their price target on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company boosted their price objective on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Barclays raised their price target on shares of Church & Dwight from $85.00 to $90.00 and gave the company an “underweight” rating in a report on Friday, January 17th. Finally, Piper Sandler increased their price objective on Church & Dwight from $124.00 to $128.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $110.61.

Church & Dwight Price Performance

Shares of Church & Dwight stock opened at $106.64 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. Church & Dwight Co., Inc. has a one year low of $96.09 and a one year high of $113.50. The stock has a market capitalization of $26.13 billion, a P/E ratio of 47.82, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58. The business’s 50 day simple moving average is $106.80 and its two-hundred day simple moving average is $104.06.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 EPS. Analysts forecast that Church & Dwight Co., Inc. will post 3.44 EPS for the current year.

Church & Dwight Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a dividend of $0.2838 per share. The ex-dividend date was Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.06%. Church & Dwight’s dividend payout ratio (DPR) is presently 50.67%.

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.