QRG Capital Management Inc. Purchases 2,188 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

QRG Capital Management Inc. increased its position in Church & Dwight Co., Inc. (NYSE:CHD) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,334 shares of the company’s stock after purchasing an additional 2,188 shares during the quarter. QRG Capital Management Inc.’s holdings in Church & Dwight were worth $1,710,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. YANKCOM Partnership bought a new position in Church & Dwight in the fourth quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new position in Church & Dwight in the third quarter worth approximately $27,000. Ashton Thomas Securities LLC bought a new position in Church & Dwight in the third quarter worth approximately $28,000. Versant Capital Management Inc grew its stake in Church & Dwight by 224.4% in the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 184 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in Church & Dwight in the fourth quarter worth approximately $39,000. Institutional investors own 86.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Barclays increased their price objective on Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft increased their target price on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Truist Financial increased their target price on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. Finally, Wells Fargo & Company increased their target price on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $111.56.

Insider Buying and Selling

In related news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $106.11, for a total value of $1,061,100.00. Following the completion of the transaction, the director now owns 32,500 shares in the company, valued at $3,448,575. This trade represents a 23.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael Read acquired 1,100 shares of Church & Dwight stock in a transaction on Monday, December 16th. The shares were 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 directly owns 2,505 shares in the company, valued at approximately $267,584.10. The trade was a 78.29 % increase in their position. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by company insiders.

Church & Dwight Stock Up 1.8 %

Church & Dwight stock opened at $111.32 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The stock has a market capitalization of $27.38 billion, a price-to-earnings ratio of 46.97, a PEG ratio of 3.32 and a beta of 0.59. Church & Dwight Co., Inc. has a 1-year low of $96.35 and a 1-year high of $113.50. The business has a fifty day moving average price of $105.71 and a 200-day moving average price of $105.03.

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

Church & Dwight Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.295 dividend. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a yield of 1.06%. Church & Dwight’s dividend payout ratio (DPR) is 49.79%.

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.