Marshall Financial Group LLC lifted its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 6.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,266 shares of the company’s stock after acquiring an additional 732 shares during the quarter. Marshall Financial Group LLC’s holdings in Church & Dwight were worth $984,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in CHD. Fundsmith LLP bought a new position in shares of Church & Dwight during the 4th quarter valued at approximately $491,210,000. Norges Bank bought a new position in shares of Church & Dwight during the 4th quarter valued at approximately $204,485,000. WCM Investment Management LLC grew its stake in shares of Church & Dwight by 81.0% during the 4th quarter. WCM Investment Management LLC now owns 3,442,848 shares of the company’s stock valued at $300,320,000 after acquiring an additional 1,540,259 shares during the period. Nuveen Asset Management LLC grew its stake in shares of Church & Dwight by 27.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,335,445 shares of the company’s stock valued at $116,491,000 after acquiring an additional 291,710 shares during the period. Finally, Schroder Investment Management Group grew its stake in shares of Church & Dwight by 122.8% during the 4th quarter. Schroder Investment Management Group now owns 385,709 shares of the company’s stock valued at $33,646,000 after acquiring an additional 212,593 shares during the period. Institutional investors own 79.40% of the company’s stock.
NYSE:CHD opened at $89.65 on Thursday. The stock’s fifty day moving average is $84.82 and its 200 day moving average is $86.13. Church & Dwight Co., Inc. has a fifty-two week low of $67.08 and a fifty-two week high of $98.96. The firm has a market capitalization of $21.97 billion, a PE ratio of 29.00, a PEG ratio of 3.10 and a beta of 0.36. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.97 and a current ratio of 1.49.
The business also recently declared a quarterly dividend, which was paid on Monday, March 1st. Investors of record on Tuesday, February 16th were issued a dividend of $0.2525 per share. This represents a $1.01 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, February 12th. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.24. Church & Dwight’s dividend payout ratio is presently 40.89%.
In related news, CMO Britta Bomhard sold 15,680 shares of the stock in a transaction on Monday, March 15th. The stock was sold at an average price of $83.55, for a total transaction of $1,310,064.00. Following the sale, the chief marketing officer now owns 20,963 shares in the company, valued at approximately $1,751,458.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Penry W. Price sold 12,632 shares of the stock in a transaction on Thursday, February 4th. The stock was sold at an average price of $82.50, for a total value of $1,042,140.00. Corporate insiders own 2.00% of the company’s stock.
Several research firms have weighed in on CHD. Zacks Investment Research upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Monday, January 11th. JPMorgan Chase & Co. upped their price target on Church & Dwight from $79.00 to $80.00 and gave the stock an “underweight” rating in a research note on Friday, April 16th. Deutsche Bank Aktiengesellschaft upped their price target on Church & Dwight from $91.00 to $92.00 and gave the stock a “hold” rating in a research note on Wednesday. Bank of America dropped their price target on Church & Dwight from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, January 22nd. Finally, Morgan Stanley downgraded Church & Dwight from an “equal weight” rating to an “underweight” rating and set a $80.00 price target for the company. in a research note on Monday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $99.50.
Church & Dwight Profile
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products in the United States and internationally. 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; battery-operated and manual 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 replacement showerheads under the WATERPIK brand; FLAWLESS products; and cold remedy products under the ZICAM brand.
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