Church & Dwight Co., Inc. (NYSE:CHD) Shares Bought by Palisade Asset Management LLC

Palisade Asset Management LLC increased its position in Church & Dwight Co., Inc. (NYSE:CHD) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,945 shares of the company’s stock after purchasing an additional 175 shares during the quarter. Palisade Asset Management LLC’s holdings in Church & Dwight were worth $751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHD. Simplicity Solutions LLC lifted its holdings in shares of Church & Dwight by 69.5% in the 4th quarter. Simplicity Solutions LLC now owns 26,257 shares of the company’s stock worth $2,483,000 after purchasing an additional 10,762 shares during the last quarter. abrdn plc raised its stake 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 purchasing an additional 73,022 shares in the last quarter. Crown Oak Advisors LLC acquired a new stake in Church & Dwight in the fourth quarter worth about $10,142,000. Assenagon Asset Management S.A. grew its position in Church & Dwight by 290.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 56,221 shares of the company’s stock valued at $5,316,000 after buying an additional 41,804 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Church & Dwight by 6.2% during the 4th quarter. Russell Investments Group Ltd. now owns 185,243 shares of the company’s stock valued at $17,508,000 after buying an additional 10,775 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Transactions at Church & Dwight

In other news, EVP Rene Hemsey sold 9,280 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the completion of the transaction, the executive vice president now directly owns 6,373 shares of the company’s stock, valued at approximately $638,702.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Church & Dwight news, EVP Michael Read sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $105.00, for a total transaction of $472,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Rene Hemsey sold 9,280 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total value of $930,041.60. Following the completion of the sale, the executive vice president now directly owns 6,373 shares of the company’s stock, valued at approximately $638,702.06. The disclosure for this sale can be found here. Insiders sold 380,804 shares of company stock valued at $39,421,400 over the last three months. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

CHD has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Church & Dwight from $109.00 to $112.00 and gave the company a “buy” rating in a report on Monday, April 22nd. UBS Group upped their price objective on Church & Dwight from $99.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, February 5th. TheStreet upgraded shares of Church & Dwight from a “c+” rating to a “b” rating in a research report on Friday, February 2nd. Royal Bank of Canada raised their price objective on shares of Church & Dwight from $94.00 to $103.00 and gave the company a “sector perform” rating in a research report on Monday, February 5th. Finally, JPMorgan Chase & Co. cut their price objective on Church & Dwight from $98.00 to $97.00 and set an “underweight” rating on the stock in a report on Friday. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and an average target price of $105.56.

Church & Dwight Stock Up 1.4 %

Shares of NYSE CHD traded up $1.51 during mid-day trading on Tuesday, reaching $106.92. 972,577 shares of the company’s stock were exchanged, compared to its average volume of 1,294,265. The company has a current ratio of 1.33, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $103.92 and a 200 day simple moving average of $98.11. Church & Dwight Co., Inc. has a twelve month low of $82.25 and a twelve month high of $108.68. The firm has a market capitalization of $26.14 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 3.53 and a beta of 0.51.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. As a group, equities analysts expect that Church & Dwight Co., Inc. will post 3.46 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be issued a $0.2838 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.06%. Church & Dwight’s dividend payout ratio (DPR) is 35.87%.

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.