Wedmont Private Capital Purchases 306 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Wedmont Private Capital boosted its position in Church & Dwight Co., Inc. (NYSE:CHD) by 8.6% in the first quarter, HoldingsChannel.com reports. The firm owned 3,869 shares of the company’s stock after acquiring an additional 306 shares during the period. Wedmont Private Capital’s holdings in Church & Dwight were worth $394,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Nomura Holdings Inc. raised its holdings in Church & Dwight by 442.1% in the fourth quarter. Nomura Holdings Inc. now owns 14,148 shares of the company’s stock worth $1,338,000 after purchasing an additional 11,538 shares in the last quarter. Simplicity Solutions LLC increased its holdings in shares of Church & Dwight by 69.5% during the fourth quarter. Simplicity Solutions LLC now owns 26,257 shares of the company’s stock valued at $2,483,000 after acquiring an additional 10,762 shares in the last quarter. Cim LLC acquired a new position in shares of Church & Dwight during the fourth quarter valued at about $3,188,000. Crown Oak Advisors LLC acquired a new position in shares of Church & Dwight during the fourth quarter valued at about $10,142,000. Finally, abrdn plc increased its holdings in shares of Church & Dwight by 35.0% during 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. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Trading Up 0.0 %

Shares of NYSE:CHD opened at $108.94 on Friday. Church & Dwight Co., Inc. has a 1 year low of $82.25 and a 1 year high of $110.31. The firm has a market capitalization of $26.64 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 3.55 and a beta of 0.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.82. The business’s 50 day moving average price is $106.62 and its 200-day moving average price is $101.51.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.86 by $0.10. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the company earned $0.85 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts forecast that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 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 1.04%. The ex-dividend date was Tuesday, May 14th. Church & Dwight’s dividend payout ratio is presently 35.87%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CHD shares. Truist Financial upped their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Barclays cut their price objective on shares of Church & Dwight from $83.00 to $82.00 and set an “underweight” rating on the stock in a report on Monday, May 6th. Oppenheimer upped their target price on Church & Dwight from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. dropped their target price on Church & Dwight from $98.00 to $97.00 and set an “underweight” rating on the stock in a research report on Friday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Church & Dwight from $109.00 to $112.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $106.19.

Insider Transactions at Church & Dwight

In other news, EVP Maynadier Patrick D. De sold 54,654 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the completion of the transaction, the executive vice president now directly owns 10,325 shares in the company, valued at approximately $1,104,775. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Richard A. Dierker sold 86,740 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the completion of the transaction, the chief financial officer now directly owns 7,634 shares in the company, valued at approximately $813,479.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,654 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $107.00, for a total value of $5,847,978.00. Following the transaction, the executive vice president now owns 10,325 shares of the company’s stock, valued at $1,104,775. The disclosure for this sale can be found here. In the last ninety days, insiders sold 182,346 shares of company stock worth $19,465,948. 2.00% of the stock is currently owned by company 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.