Farther Finance Advisors LLC lifted its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 39.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,728 shares of the company’s stock after purchasing an additional 767 shares during the period. Farther Finance Advisors LLC’s holdings in Church & Dwight were worth $286,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. YANKCOM Partnership acquired a new position in shares of Church & Dwight during the fourth quarter worth $25,000. Versant Capital Management Inc lifted its holdings in shares of Church & Dwight by 224.4% during the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 184 shares during the period. Bank of Jackson Hole Trust acquired a new position in shares of Church & Dwight during the fourth quarter worth $43,000. Golden State Wealth Management LLC acquired a new position in shares of Church & Dwight during the fourth quarter worth $51,000. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of Church & Dwight during the fourth quarter worth $84,000. Institutional investors and hedge funds own 86.60% of the company’s stock.
Insiders Place Their Bets
In other Church & Dwight news, EVP Rene Hemsey sold 11,060 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the sale, the executive vice president now directly owns 6,437 shares of the company’s stock, valued at approximately $707,941.26. This represents a 63.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the sale, the executive vice president now directly owns 10,497 shares of the company’s stock, valued at $1,217,442.06. The trade was a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,570 shares of company stock valued at $7,538,449. Corporate insiders own 2.00% of the company’s stock.
Church & Dwight Trading Down 1.8 %
Church & Dwight (NYSE:CHD – Get Free Report) last posted its earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter in the prior year, the firm earned $0.65 earnings per share. As a group, equities research analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.
Church & Dwight Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.10%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 14th. Church & Dwight’s dividend payout ratio is presently 49.79%.
Analysts Set New Price Targets
Several research firms recently issued reports on CHD. Barclays boosted their target price on shares of Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a report on Tuesday, February 4th. Stifel Nicolaus boosted their target price on shares of Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a report on Monday, February 3rd. Piper Sandler dropped their target price on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $105.00 target price on shares of Church & Dwight in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven 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 $111.56.
View Our Latest Research Report on CHD
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.
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