Longboard Asset Management LP purchased a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) during the fourth quarter, Holdings Channel reports. The firm purchased 1,923 shares of the company’s stock, valued at approximately $201,000.
A number of other large investors have also added to or reduced their stakes in CHD. Holocene Advisors LP acquired a new stake in Church & Dwight during the third quarter worth approximately $104,795,000. State Street Corp grew its position in Church & Dwight by 8.0% during 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 in the last quarter. World Investment Advisors LLC acquired a new stake in Church & Dwight during the third quarter worth approximately $58,338,000. Barclays PLC grew its position in Church & Dwight by 63.9% during the third quarter. Barclays PLC now owns 1,106,131 shares of the company’s stock worth $115,832,000 after buying an additional 431,257 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew 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 worth $839,472,000 after buying an additional 429,863 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.
Insider Transactions at Church & Dwight
In other news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $106.11, for a total value of $1,061,100.00. Following the transaction, the director now owns 32,500 shares in the company, valued at $3,448,575. The trade was a 23.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maynadier Patrick D. De sold 45,120 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $112.19, for a total value of $5,062,012.80. Following the completion of the transaction, the executive vice president now owns 10,325 shares in the company, valued at $1,158,361.75. The trade was a 81.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 115,622 shares of company stock worth $12,842,559 in the last 90 days. Insiders own 1.40% of the company’s stock.
Church & Dwight Stock Performance
Church & Dwight (NYSE:CHD – Get Free Report) last issued 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 quarter last year, the company posted $0.65 earnings per share. Equities analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.
Church & Dwight Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Friday, February 14th. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s payout ratio is presently 47.68%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on CHD. Deutsche Bank Aktiengesellschaft increased their price target on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $105.00 target price on shares of Church & Dwight in a report on Monday. Truist Financial raised their target price on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Monday. Barclays raised their target price on Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a report on Tuesday. Finally, Piper Sandler reduced their target price on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a report on Monday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Church & Dwight currently has a consensus rating of “Hold” and a consensus target price of $111.17.
Read Our Latest Research Report on Church & Dwight
Church & Dwight 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.
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