Church & Dwight Co., Inc. (NYSE:CHD) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC raised its position in Church & Dwight Co., Inc. (NYSE:CHD) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,280 shares of the company’s stock after acquiring an additional 218 shares during the period. Ballentine Partners LLC’s holdings in Church & Dwight were worth $1,181,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of Church & Dwight in the third quarter valued at about $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Church & Dwight in the third quarter valued at about $28,000. Versant Capital Management Inc lifted its stake in shares of Church & Dwight by 224.4% in the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock valued at $28,000 after purchasing an additional 184 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Church & Dwight in the second quarter valued at about $33,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Church & Dwight in the second quarter valued at about $46,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CHD. Wells Fargo & Company raised their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a report on Monday, November 4th. Piper Sandler raised their target price on shares of Church & Dwight from $124.00 to $128.00 and gave the company an “overweight” rating in a report on Monday, January 6th. TD Cowen raised their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Stifel Nicolaus dropped their target price on shares of Church & Dwight from $105.00 to $103.00 and set a “hold” rating for the company in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and a consensus target price of $110.61.

Church & Dwight Stock Performance

Shares of NYSE CHD opened at $106.66 on Wednesday. The company has a market cap of $26.13 billion, a PE ratio of 47.83, a price-to-earnings-growth ratio of 3.28 and a beta of 0.58. Church & Dwight Co., Inc. has a 12 month low of $96.09 and a 12 month high of $113.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. The company has a 50-day simple moving average of $106.84 and a 200-day simple moving average of $104.04.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $0.74 earnings per share. Church & Dwight’s revenue was up 3.8% compared to the same quarter last year. On average, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a $0.2838 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.06%. Church & Dwight’s payout ratio is 50.67%.

Insider Activity at Church & Dwight

In related news, EVP Michael Read bought 1,100 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost 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 is available at this hyperlink. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of Church & Dwight stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the transaction, the director now directly owns 32,500 shares in the company, valued at approximately $3,448,575. This trade represents a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 593,035 shares of company stock worth $62,282,808. 1.40% of the stock is owned by company insiders.

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.