Church & Dwight Co., Inc. (NYSE:CHD) Position Increased by Truist Financial Corp

Truist Financial Corp raised its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 8.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 44,953 shares of the company’s stock after buying an additional 3,573 shares during the quarter. Truist Financial Corp’s holdings in Church & Dwight were worth $4,251,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CHD. Commonwealth Equity Services LLC lifted its holdings in Church & Dwight by 0.6% in the third quarter. Commonwealth Equity Services LLC now owns 75,007 shares of the company’s stock worth $6,873,000 after purchasing an additional 446 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Church & Dwight by 0.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 203,722 shares of the company’s stock worth $18,667,000 after acquiring an additional 1,660 shares during the period. Forsta AP Fonden boosted its holdings in shares of Church & Dwight by 11.1% in the third quarter. Forsta AP Fonden now owns 53,100 shares of the company’s stock valued at $4,866,000 after acquiring an additional 5,300 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Church & Dwight by 317.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 164,844 shares of the company’s stock valued at $15,105,000 after acquiring an additional 125,386 shares during the period. Finally, Strs Ohio bought a new stake in Church & Dwight during the third quarter worth approximately $2,057,000. 86.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CHD shares. TheStreet raised Church & Dwight from a “c+” rating to a “b” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. HSBC upped their price target on shares of Church & Dwight from $110.00 to $114.00 and gave the company a “hold” rating in a report on Friday. Bank of America lifted 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. Finally, JPMorgan Chase & Co. cut their target price on shares of Church & Dwight from $98.00 to $97.00 and set an “underweight” rating for the company in a research note on Friday. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Church & Dwight has an average rating of “Hold” and a consensus target price of $105.63.

Church & Dwight Trading Up 0.2 %

Shares of NYSE CHD opened at $106.11 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54. Church & Dwight Co., Inc. has a one year low of $82.25 and a one year high of $108.68. The business has a 50-day moving average price of $103.68 and a two-hundred day moving average price of $97.88. The firm has a market capitalization of $25.95 billion, a PE ratio of 33.69, a PEG ratio of 3.53 and a beta of 0.51.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. As a group, analysts predict that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Tuesday, May 14th. Church & Dwight’s dividend payout ratio is currently 35.87%.

Insider Transactions at Church & Dwight

In related news, EVP Barry A. Bruno sold 9,926 shares of Church & Dwight stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the completion of the sale, the executive vice president now owns 4,319 shares of the company’s stock, valued at $451,551.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Matthew Farrell sold 275,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $103.83, for a total value of $28,553,250.00. Following the transaction, the chief executive officer now owns 112,719 shares in the company, valued at $11,703,613.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Barry A. Bruno sold 9,926 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the transaction, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $451,551.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 373,052 shares of company stock valued at $38,603,796. 1.40% of the stock is owned by insiders.

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.