HB Wealth Management LLC Raises Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

HB Wealth Management LLC boosted its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,349 shares of the company’s stock after acquiring an additional 528 shares during the period. HB Wealth Management LLC’s holdings in Church & Dwight were worth $506,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Gateway Advisory LLC boosted its holdings in Church & Dwight by 4.4% in the third quarter. Gateway Advisory LLC now owns 2,855 shares of the company’s stock valued at $262,000 after acquiring an additional 120 shares in the last quarter. Veritable L.P. boosted its holdings in shares of Church & Dwight by 1.6% during the 1st quarter. Veritable L.P. now owns 7,718 shares of the company’s stock valued at $682,000 after buying an additional 122 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Church & Dwight by 2.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 6,443 shares of the company’s stock valued at $646,000 after buying an additional 124 shares in the last quarter. Drive Wealth Management LLC boosted its holdings in shares of Church & Dwight by 6.9% during the 3rd quarter. Drive Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $205,000 after buying an additional 145 shares in the last quarter. Finally, Capstone Triton Financial Group LLC boosted its holdings in shares of Church & Dwight by 1.3% during the 3rd quarter. Capstone Triton Financial Group LLC now owns 11,435 shares of the company’s stock valued at $1,048,000 after buying an additional 146 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Insider Buying and Selling

In related news, EVP Barry A. Bruno sold 9,926 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total value of $1,037,763.30. Following the completion of the sale, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Barry A. Bruno sold 9,926 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total value of $1,037,763.30. Following the completion of the sale, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rene Hemsey sold 9,280 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $100.22, for a total transaction of $930,041.60. Following the completion of the sale, the executive vice president now directly owns 6,373 shares of the company’s stock, valued at $638,702.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 373,052 shares of company stock valued at $38,603,796. 2.00% of the stock is owned by corporate insiders.

Church & Dwight Price Performance

NYSE CHD opened at $104.22 on Thursday. Church & Dwight Co., Inc. has a 52 week low of $82.25 and a 52 week high of $105.67. The firm has a market capitalization of $25.42 billion, a P/E ratio of 34.28, a PEG ratio of 3.54 and a beta of 0.53. The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $100.64 and a 200-day moving average price of $95.41.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, February 2nd. The company reported $0.65 EPS for the quarter, meeting the consensus estimate of $0.65. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current year.

Church & Dwight Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were issued a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.09%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 14th. Church & Dwight’s dividend payout ratio is currently 37.17%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CHD shares. TheStreet upgraded shares of Church & Dwight from a “c+” rating to a “b” rating in a report on Friday, February 2nd. Bank of America upgraded shares of Church & Dwight from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $85.00 to $100.00 in a research note on Friday, December 15th. Truist Financial upped their price target on shares of Church & Dwight from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Oppenheimer upped their price target on shares of Church & Dwight from $107.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Finally, The Goldman Sachs Group assumed coverage on shares of Church & Dwight in a research note on Friday, March 1st. They issued a “buy” rating and a $110.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Church & Dwight presently has a consensus rating of “Hold” and an average price target of $102.80.

Church & Dwight Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.