International Assets Investment Management LLC Buys New Stake in Church & Dwight Co., Inc. (NYSE:CHD)

International Assets Investment Management LLC purchased a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,586 shares of the company’s stock, valued at approximately $23,250,000.

Several other hedge funds and other institutional investors have also modified their holdings of CHD. Chilton Capital Management LLC lifted its stake in Church & Dwight by 50.0% during the 4th quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after acquiring an additional 110 shares in the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new stake in Church & Dwight during the third quarter worth about $38,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Church & Dwight during the fourth quarter worth about $62,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Church & Dwight by 2,071.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 695 shares of the company’s stock valued at $66,000 after purchasing an additional 663 shares during the period. Finally, Global Retirement Partners LLC grew its holdings in shares of Church & Dwight by 14.7% in the fourth quarter. Global Retirement Partners LLC now owns 883 shares of the company’s stock valued at $87,000 after purchasing an additional 113 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Matthew Farrell sold 275,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $103.83, for a total value of $28,553,250.00. Following the completion of the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,703,613.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Church & Dwight news, CEO Matthew Farrell sold 275,000 shares of Church & Dwight 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 directly owns 112,719 shares in the company, valued at approximately $11,703,613.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rene Hemsey sold 9,280 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was 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 of the company’s stock, valued at approximately $638,702.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 373,052 shares of company stock valued at $38,603,796. Insiders own 2.00% of the company’s stock.

Church & Dwight Stock Up 0.2 %

CHD opened at $106.11 on Friday. The stock has a market capitalization of $25.88 billion, a P/E ratio of 33.69, a price-to-earnings-growth ratio of 3.54 and a beta of 0.51. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.64 and a current ratio of 1.33. Church & Dwight Co., Inc. has a one year low of $82.25 and a one year high of $108.68. The business’s 50-day simple moving average is $103.68 and its 200-day simple moving average is $97.76.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.86 by $0.10. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. Analysts anticipate that Church & Dwight Co., Inc. will post 3.44 EPS for the current year.

Church & Dwight Announces Dividend

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

Wall Street Analyst Weigh In

CHD has been the subject of several recent research reports. HSBC raised their price target on shares of Church & Dwight from $110.00 to $114.00 and gave the company a “hold” rating in a research report on Friday. Barclays boosted their target price on Church & Dwight from $80.00 to $83.00 and gave the stock an “underweight” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. reduced their price target on Church & Dwight from $98.00 to $97.00 and set an “underweight” rating on the stock in a research report on Friday. The Goldman Sachs Group began coverage on Church & Dwight in a research report on Friday, March 1st. They set a “buy” rating and a $110.00 price objective for the company. Finally, Truist Financial raised their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday. Three research 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. According to data from MarketBeat, Church & Dwight currently has an average rating of “Hold” and a consensus target price of $105.63.

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.