Cary Street Partners Financial LLC Invests $153,000 in Church & Dwight Co., Inc. (NYSE:CHD)

Cary Street Partners Financial LLC purchased a new stake in Church & Dwight Co., Inc. (NYSE:CHD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,464 shares of the company’s stock, valued at approximately $153,000.

A number of other institutional investors have also recently bought and sold shares of CHD. YANKCOM Partnership acquired a new position in shares of Church & Dwight in the fourth quarter worth about $25,000. Bernard Wealth Management Corp. purchased a new stake in shares of Church & Dwight in the 4th quarter valued at approximately $40,000. Bank of Jackson Hole Trust acquired a new position in Church & Dwight in the 4th quarter worth approximately $43,000. Banque Transatlantique SA acquired a new position in Church & Dwight in the 4th quarter worth approximately $46,000. Finally, Golden State Wealth Management LLC purchased a new position in Church & Dwight during the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Transactions at Church & Dwight

In other Church & Dwight news, EVP Michael Read acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average price of $92.07 per share, with a total value of $276,210.00. Following the transaction, the executive vice president now owns 5,505 shares of the company’s stock, valued at approximately $506,845.35. This trade represents a 119.76% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the sale, the executive vice president now owns 10,497 shares of the company’s stock, valued at approximately $1,217,442.06. The trade was a 83.85% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,230 shares of company stock worth $8,903,734. 2.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on CHD shares. Bank of America raised Church & Dwight from a “neutral” rating to a “buy” rating and raised their target price for the stock from $112.00 to $125.00 in a research report on Tuesday, April 15th. TD Cowen lowered Church & Dwight from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a research report on Tuesday, May 6th. Piper Sandler reduced their price target on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Truist Financial boosted their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Morgan Stanley dropped their price objective on shares of Church & Dwight from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, May 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and an average price target of $109.13.

Church & Dwight Trading Down 0.6%

Shares of NYSE:CHD opened at $91.59 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $22.56 billion, a PE ratio of 38.65, a P/E/G ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a 1 year low of $91.08 and a 1 year high of $116.46. The firm has a fifty day moving average price of $104.03 and a 200 day moving average price of $105.54.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 earnings per share. Analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 15th. Church & Dwight’s dividend payout ratio is 50.64%.

Church & Dwight 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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.