Church & Dwight Co., Inc. (NYSE:CHD) Stock Holdings Lifted by Palumbo Wealth Management LLC

Palumbo Wealth Management LLC increased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 18.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,156 shares of the company’s stock after acquiring an additional 3,343 shares during the quarter. Palumbo Wealth Management LLC’s holdings in Church & Dwight were worth $2,215,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CHD. State Street Corp raised its stake in Church & Dwight by 8.0% during the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company’s stock valued at $1,373,542,000 after purchasing an additional 969,006 shares during the period. Massachusetts Financial Services Co. MA raised its position in Church & Dwight by 5.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock valued at $839,472,000 after buying an additional 429,863 shares during the period. Stifel Financial Corp lifted its stake in Church & Dwight by 0.5% in the 3rd quarter. Stifel Financial Corp now owns 4,295,527 shares of the company’s stock worth $449,830,000 after acquiring an additional 21,607 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Church & Dwight by 5.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock worth $351,668,000 after acquiring an additional 175,221 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Church & Dwight by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,399,502 shares of the company’s stock valued at $146,556,000 after acquiring an additional 16,257 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company increased their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Truist Financial lifted their price objective on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Church & Dwight has a consensus rating of “Hold” and an average price target of $111.53.

Insider Activity at Church & Dwight

In related news, EVP Michael Read acquired 1,100 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were bought at an average cost of $106.82 per share, with a total value of $117,502.00. Following the completion of the acquisition, the executive vice president now owns 2,505 shares of the company’s stock, valued at $267,584.10. This trade represents a 78.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Joseph James Longo sold 7,780 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $112.44, for a total value of $874,783.20. Following the completion of the sale, the chief accounting officer now owns 400 shares in the company, valued at $44,976. This trade represents a 95.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,422 shares of company stock worth $11,424,351. Company insiders own 2.00% of the company’s stock.

Church & Dwight Price Performance

Shares of Church & Dwight stock opened at $105.12 on Friday. Church & Dwight Co., Inc. has a 1-year low of $96.35 and a 1-year high of $113.50. The firm has a fifty day simple moving average of $105.48 and a 200-day simple moving average of $104.51. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $25.75 billion, a price-to-earnings ratio of 44.36, a PEG ratio of 3.35 and a beta of 0.59.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same period last year, the firm earned $0.65 EPS. On average, sell-side analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a dividend of $0.295 per share. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Friday, February 14th. Church & Dwight’s dividend payout ratio is presently 47.68%.

Church & Dwight Company Profile

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.