Church & Dwight Co., Inc. (NYSE:CHD) Shares Bought by SVB Wealth LLC

SVB Wealth LLC raised its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 9,470 shares of the company’s stock after purchasing an additional 485 shares during the quarter. SVB Wealth LLC’s holdings in Church & Dwight were worth $895,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CHD. Hamilton Point Investment Advisors LLC increased its stake in Church & Dwight by 1.6% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 115,583 shares of the company’s stock valued at $10,930,000 after purchasing an additional 1,845 shares during the last quarter. Vontobel Holding Ltd. increased its stake in Church & Dwight by 0.9% in the fourth quarter. Vontobel Holding Ltd. now owns 111,546 shares of the company’s stock valued at $10,548,000 after purchasing an additional 1,011 shares during the last quarter. Crown Oak Advisors LLC acquired a new position in Church & Dwight in the fourth quarter valued at $10,142,000. Simplicity Wealth LLC acquired a new position in Church & Dwight in the fourth quarter valued at $662,000. Finally, Louisiana State Employees Retirement System acquired a new position in Church & Dwight in the fourth quarter valued at $1,409,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Church & Dwight

In related news, EVP Rene Hemsey sold 9,280 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $100.22, for a total value of $930,041.60. Following the completion of the transaction, the executive vice president now owns 6,373 shares of the company’s stock, valued at $638,702.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $472,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Rene Hemsey sold 9,280 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $638,702.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 373,052 shares of company stock valued at $38,603,796. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CHD. Bank of America upped their target price on Church & Dwight from $100.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. The Goldman Sachs Group started coverage on Church & Dwight in a research report on Friday, March 1st. They set a “buy” rating and a $110.00 price target for the company. Oppenheimer boosted their price target on Church & Dwight from $107.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Barclays boosted their price target on Church & Dwight from $80.00 to $83.00 and gave the company an “underweight” rating in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. boosted their price target on Church & Dwight from $87.00 to $95.00 and gave the company an “underweight” rating in a research report on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $103.27.

Church & Dwight Price Performance

Shares of NYSE CHD opened at $104.35 on Friday. Church & Dwight Co., Inc. has a 1-year low of $82.25 and a 1-year high of $105.67. The business has a 50-day moving average of $102.01 and a 200-day moving average of $96.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.64. The company has a market capitalization of $25.45 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 3.42 and a beta of 0.53.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, February 2nd. The company reported $0.65 earnings per share for the quarter, hitting the consensus estimate of $0.65. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a return on equity of 20.28% and a net margin of 12.88%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 earnings per share. On average, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.44 EPS for the current fiscal year.

Church & Dwight Increases Dividend

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

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.