Welch & Forbes LLC Acquires 7,078 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Welch & Forbes LLC lifted its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 447,081 shares of the company’s stock after acquiring an additional 7,078 shares during the quarter. Welch & Forbes LLC’s holdings in Church & Dwight were worth $42,276,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHD. Chilton Capital Management LLC increased its position in shares of Church & Dwight by 50.0% during the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock valued at $31,000 after buying an additional 110 shares during the period. Annapolis Financial Services LLC boosted its position in Church & Dwight by 2,087.5% during the 4th quarter. Annapolis Financial Services LLC now owns 350 shares of the company’s stock valued at $33,000 after acquiring an additional 334 shares in the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Church & Dwight during the 3rd quarter worth approximately $38,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Church & Dwight in the 4th quarter worth approximately $62,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Church & Dwight by 74.7% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 685 shares of the company’s stock valued at $65,000 after purchasing an additional 293 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on CHD shares. Oppenheimer boosted their target price on shares of Church & Dwight from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, April 23rd. JPMorgan Chase & Co. decreased 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. UBS Group upped their price target on Church & Dwight from $99.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on Church & Dwight from $109.00 to $112.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Truist Financial increased their target price on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $105.56.

Church & Dwight Stock Performance

Shares of NYSE:CHD traded down $0.70 during trading on Monday, hitting $105.41. The company’s stock had a trading volume of 1,223,371 shares, compared to its average volume of 1,297,963. The company has a 50-day moving average of $103.78 and a 200-day moving average of $97.99. The firm has a market cap of $25.77 billion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 3.53 and a beta of 0.51. Church & Dwight Co., Inc. has a 12 month low of $82.25 and a 12 month high of $108.68. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.82.

Church & Dwight (NYSE:CHD) last released its earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.10. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. Church & Dwight’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. On average, sell-side analysts expect that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current year.

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be issued a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Tuesday, May 14th. Church & Dwight’s dividend payout ratio is 35.87%.

Insiders Place Their Bets

In other news, EVP Barry A. Bruno sold 9,926 shares of the stock in a transaction 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 $451,551.45. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Church & Dwight news, EVP Michael Read sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $105.00, for a total value of $472,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Barry A. Bruno sold 9,926 shares of the company’s 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 transaction, the executive vice president now owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 373,052 shares of company stock worth $38,603,796. Company 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.