Carret Asset Management LLC Has $5.72 Million Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Carret Asset Management LLC lowered its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,502 shares of the company’s stock after selling 2,500 shares during the quarter. Carret Asset Management LLC’s holdings in Church & Dwight were worth $5,721,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Chilton Capital Management LLC increased its position in Church & Dwight by 50.0% during the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after buying an additional 110 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Church & Dwight by 14.7% during the fourth quarter. Global Retirement Partners LLC now owns 883 shares of the company’s stock worth $87,000 after acquiring an additional 113 shares during the period. Gateway Advisory LLC boosted its holdings in shares of Church & Dwight by 4.4% during the third quarter. Gateway Advisory LLC now owns 2,855 shares of the company’s stock worth $262,000 after acquiring an additional 120 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of Church & Dwight by 2.1% during the third quarter. Sunbelt Securities Inc. now owns 6,580 shares of the company’s stock worth $603,000 after acquiring an additional 137 shares during the period. Finally, Apeiron RIA LLC boosted its holdings in shares of Church & Dwight by 3.8% during the third quarter. Apeiron RIA LLC now owns 3,998 shares of the company’s stock worth $366,000 after acquiring an additional 147 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

Wall Street Analyst Weigh In

CHD has been the subject of a number of research analyst reports. UBS Group boosted their price objective on Church & Dwight from $99.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. TheStreet upgraded Church & Dwight from a “c+” rating to a “b” rating in a report on Friday, February 2nd. Truist Financial boosted their price objective on Church & Dwight from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Barclays boosted their price target on Church & Dwight from $80.00 to $83.00 and gave the company an “underweight” rating in a research note on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Church & Dwight from $109.00 to $112.00 and gave the company a “buy” rating in a research note on Monday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $104.07.

Church & Dwight Price Performance

Shares of CHD stock traded up $0.65 during trading hours on Wednesday, reaching $107.36. The company’s stock had a trading volume of 912,837 shares, compared to its average volume of 1,282,419. The firm’s 50 day simple moving average is $102.34 and its 200-day simple moving average is $96.83. The company has a market capitalization of $26.19 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 3.52 and a beta of 0.53. Church & Dwight Co., Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $107.56. The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of 0.57.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, February 2nd. The company reported $0.65 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.65. Church & Dwight had a return on equity of 20.28% and a net margin of 12.88%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the business posted $0.62 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. Sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current year.

Church & Dwight Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were paid a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.06%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 14th. Church & Dwight’s dividend payout ratio is presently 37.17%.

Insider Activity

In other news, EVP Rene Hemsey sold 9,280 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 6,373 shares in the company, valued at approximately $638,702.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Barry A. Bruno sold 9,926 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the completion of the transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Rene Hemsey sold 9,280 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 6,373 shares of the company’s stock, valued at $638,702.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 373,052 shares of company stock worth $38,603,796. Insiders own 1.40% of the company’s stock.

About Church & Dwight

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.