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

Mountain Pacific Investment Advisers Inc. ID raised its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 437,288 shares of the company’s stock after purchasing an additional 2,508 shares during the period. Church & Dwight accounts for approximately 2.6% of Mountain Pacific Investment Advisers Inc. ID’s portfolio, making the stock its 17th largest holding. Mountain Pacific Investment Advisers Inc. ID owned approximately 0.18% of Church & Dwight worth $41,350,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Simplicity Solutions LLC lifted its stake in Church & Dwight by 69.5% in the 4th quarter. Simplicity Solutions LLC now owns 26,257 shares of the company’s stock valued at $2,483,000 after buying an additional 10,762 shares in the last quarter. abrdn plc lifted its position in shares of Church & Dwight by 35.0% in the fourth quarter. abrdn plc now owns 281,416 shares of the company’s stock valued at $26,611,000 after acquiring an additional 73,022 shares in the last quarter. Crown Oak Advisors LLC acquired a new stake in shares of Church & Dwight during the fourth quarter valued at $10,142,000. Assenagon Asset Management S.A. increased its position in Church & Dwight by 290.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 56,221 shares of the company’s stock worth $5,316,000 after purchasing an additional 41,804 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Church & Dwight by 4.5% in the 4th quarter. Signaturefd LLC now owns 6,916 shares of the company’s stock valued at $654,000 after purchasing an additional 300 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CHD shares. The Goldman Sachs Group assumed coverage on shares of Church & Dwight in a report on Friday, March 1st. They set a “buy” rating and a $110.00 price target for the company. TheStreet raised shares of Church & Dwight from a “c+” rating to a “b” rating in a research note on Friday, February 2nd. Bank of America increased their price target on Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Truist Financial lifted their price objective on Church & Dwight from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, Barclays increased their target price on Church & Dwight from $80.00 to $83.00 and gave the stock an “underweight” rating in a research report on Friday, April 12th. Three equities research 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $104.07.

Church & Dwight Trading Down 0.9 %

CHD opened at $106.32 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.64. Church & Dwight Co., Inc. has a 12-month low of $82.25 and a 12-month high of $108.10. The firm’s fifty day moving average price is $102.91 and its 200 day moving average price is $97.11. The stock has a market capitalization of $25.93 billion, a PE ratio of 34.97, a P/E/G ratio of 3.59 and a beta of 0.53.

Church & Dwight (NYSE:CHD) last posted 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. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $0.62 EPS. As a group, research analysts expect 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. Stockholders of record on Thursday, February 15th were issued a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.07%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, February 14th. Church & Dwight’s dividend payout ratio (DPR) is 37.17%.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Michael Read sold 4,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $105.00, for a total transaction of $472,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Michael Read sold 4,500 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $105.00, for a total value of $472,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Matthew Farrell sold 275,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the completion of the sale, the chief executive officer now owns 112,719 shares in the company, valued at $11,703,613.77. The disclosure for this sale can be found here. Insiders have sold a total of 373,052 shares of company stock worth $38,603,796 over the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

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.