Victory Capital Management Inc. Has $16.52 Million Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Victory Capital Management Inc. lowered its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 157,724 shares of the company’s stock after selling 3,270 shares during the period. Victory Capital Management Inc.’s holdings in Church & Dwight were worth $16,515,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. YANKCOM Partnership bought a new position in Church & Dwight during the fourth quarter worth $25,000. Ashton Thomas Securities LLC bought a new position in Church & Dwight during the third quarter worth $28,000. Versant Capital Management Inc raised its stake in 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 buying an additional 184 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in Church & Dwight during the fourth quarter worth $43,000. Finally, Golden State Wealth Management LLC bought a new position in Church & Dwight during the fourth quarter worth $51,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CHD. Piper Sandler lowered their target price on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $105.00 price target on shares of Church & Dwight in a research note on Monday, February 3rd. Stifel Nicolaus lifted their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research note on Monday, February 3rd. Barclays lifted their price target on shares of Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a research note on Tuesday, February 4th. Finally, Truist Financial lifted their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $111.56.

Church & Dwight Price Performance

CHD stock opened at $109.04 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. Church & Dwight Co., Inc. has a one year low of $96.35 and a one year high of $116.46. The stock has a market cap of $26.82 billion, a PE ratio of 46.01, a P/E/G ratio of 3.32 and a beta of 0.57. The firm has a 50 day simple moving average of $106.64 and a two-hundred day simple moving average of $105.57.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same period in the previous year, the firm posted $0.65 earnings per share. On average, analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.295 dividend. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.08%. Church & Dwight’s dividend payout ratio is 49.79%.

Insider Activity

In other Church & Dwight news, EVP Michael Read acquired 1,100 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $106.82 per share, with a total value of $117,502.00. Following the purchase, the executive vice president now owns 2,505 shares of the company’s stock, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the completion of the sale, the director now directly owns 32,500 shares of the company’s stock, valued at $3,448,575. This trade represents a 23.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,510 shares of company stock valued at $7,383,170. Corporate insiders own 1.40% of the company’s stock.

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.