Church & Dwight Co., Inc. (NYSE:CHD) Position Increased by abrdn plc

abrdn plc raised its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 35.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 281,416 shares of the company’s stock after buying an additional 73,022 shares during the period. abrdn plc owned about 0.11% of Church & Dwight worth $26,611,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CHD. Chilton Capital Management LLC boosted its holdings in Church & Dwight by 50.0% during the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after buying an additional 110 shares in the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new position in Church & Dwight in the 3rd quarter worth approximately $38,000. McGlone Suttner Wealth Management Inc. acquired a new position in Church & Dwight in the 4th quarter worth approximately $62,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Church & Dwight by 74.7% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 685 shares of the company’s stock worth $65,000 after purchasing an additional 293 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Church & Dwight by 2,071.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 695 shares of the company’s stock worth $66,000 after purchasing an additional 663 shares during the period. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Stock Up 0.7 %

Church & Dwight stock opened at $106.68 on Wednesday. The company has a market capitalization of $26.02 billion, a P/E ratio of 35.09, a P/E/G ratio of 3.52 and a beta of 0.53. Church & Dwight Co., Inc. has a 1-year low of $82.25 and a 1-year high of $107.42. The company has a current ratio of 1.08, a quick ratio of 0.64 and a debt-to-equity ratio of 0.57. The firm’s fifty day simple moving average is $102.34 and its 200-day simple moving average is $96.83.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, February 2nd. The company reported $0.65 EPS for the quarter, hitting the consensus estimate of $0.65. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS. Sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were given a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.06%. 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 (DPR) is currently 37.17%.

Analyst Ratings Changes

CHD has been the subject of a number of recent analyst reports. UBS Group raised their price objective on shares of Church & Dwight from $99.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Bank of America raised their price objective on shares of Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. increased their target price on shares of Church & Dwight from $87.00 to $95.00 and gave the stock an “underweight” rating in a research report on Thursday, January 18th. Finally, The Goldman Sachs Group began coverage on shares of Church & Dwight in a research report on Friday, March 1st. They issued a “buy” rating and a $110.00 target price for the company. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $104.07.

Insiders Place Their Bets

In related news, CFO Richard A. Dierker sold 24,380 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $103.61, for a total value of $2,526,011.80. Following the sale, the chief financial officer now owns 7,634 shares of the company’s stock, valued at $790,958.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Rene Hemsey sold 9,280 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total value of $930,041.60. Following the sale, the executive vice president now owns 6,373 shares of the company’s stock, valued at $638,702.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Richard A. Dierker sold 24,380 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $103.61, for a total transaction of $2,526,011.80. Following the completion of the sale, the chief financial officer now directly owns 7,634 shares in the company, valued at approximately $790,958.74. The disclosure for this sale can be found here. Insiders have sold 373,052 shares of company stock worth $38,603,796 in the last ninety days. Insiders own 1.40% of the company’s stock.

Church & Dwight Company 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.