Mountain Pacific Investment Advisers Inc. ID Raises Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Mountain Pacific Investment Advisers Inc. ID boosted its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 437,288 shares of the company’s stock after purchasing an additional 2,508 shares during the quarter. Church & Dwight comprises 2.6% of Mountain Pacific Investment Advisers Inc. ID’s portfolio, making the stock its 17th biggest position. Mountain Pacific Investment Advisers Inc. ID’s holdings in Church & Dwight were worth $41,350,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CHD. AE Wealth Management LLC grew its position in Church & Dwight by 5.4% during the third quarter. AE Wealth Management LLC now owns 7,966 shares of the company’s stock valued at $730,000 after buying an additional 409 shares during the period. Capital Investment Advisors LLC purchased a new stake in Church & Dwight during the 3rd quarter worth approximately $203,000. Meridian Wealth Management LLC raised its stake in Church & Dwight by 67.2% in the 3rd quarter. Meridian Wealth Management LLC now owns 8,816 shares of the company’s stock valued at $808,000 after purchasing an additional 3,542 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in Church & Dwight by 265.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 27,636 shares of the company’s stock valued at $2,532,000 after purchasing an additional 20,072 shares in the last quarter. Finally, Private Trust Co. NA boosted its stake in Church & Dwight by 2.2% during the 3rd quarter. Private Trust Co. NA now owns 8,618 shares of the company’s stock worth $790,000 after purchasing an additional 182 shares during the last quarter. 86.60% of the stock is currently 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 on Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the completion of the sale, the executive vice president now owns 6,373 shares in the company, valued at approximately $638,702.06. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Church & Dwight news, EVP Rene Hemsey sold 9,280 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $100.22, for a total transaction of $930,041.60. Following the completion of the sale, the executive vice president now directly owns 6,373 shares of the company’s stock, valued at approximately $638,702.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard A. Dierker sold 24,380 shares of Church & Dwight stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now owns 7,634 shares in the company, valued at $790,958.74. The disclosure for this sale can be found here. Insiders sold a total of 373,052 shares of company stock valued at $38,603,796 in the last three months. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CHD has been the subject of a number of recent research reports. Royal Bank of Canada increased their price objective on shares of Church & Dwight from $94.00 to $103.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. Bank of America boosted their price objective on Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Argus raised Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Friday, February 23rd. The Goldman Sachs Group started coverage on shares of Church & Dwight in a research report on Friday, March 1st. They set a “buy” rating and a $110.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of Church & Dwight from $87.00 to $95.00 and gave the company an “underweight” rating in a report on Thursday, January 18th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $104.07.

Church & Dwight Stock Performance

Shares of CHD opened at $106.32 on Friday. The stock has a 50-day simple moving average of $102.91 and a 200-day simple moving average of $97.11. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.64 and a current ratio of 1.08. Church & Dwight Co., Inc. has a 1 year low of $82.25 and a 1 year high of $108.10. The stock has a market capitalization of $25.93 billion, a PE ratio of 34.97, a PEG ratio of 3.59 and a beta of 0.53.

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

Church & Dwight Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were issued a $0.2838 dividend. This is an increase from Church & Dwight’s previous quarterly dividend of $0.27. This represents a $1.14 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Wednesday, February 14th. Church & Dwight’s payout ratio is presently 37.17%.

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.