Sovran Advisors LLC Invests $423,000 in Church & Dwight Co., Inc. (NYSE:CHD)

Sovran Advisors LLC purchased a new position in Church & Dwight Co., Inc. (NYSE:CHD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,018 shares of the company’s stock, valued at approximately $423,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. State Street Corp lifted its holdings in Church & Dwight by 8.0% in the third quarter. State Street Corp now owns 13,116,334 shares of the company’s stock worth $1,373,542,000 after purchasing an additional 969,006 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Church & Dwight by 5.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock valued at $839,472,000 after acquiring an additional 429,863 shares during the period. Stifel Financial Corp boosted its stake in Church & Dwight by 0.5% during the 3rd quarter. Stifel Financial Corp now owns 4,295,527 shares of the company’s stock valued at $449,830,000 after purchasing an additional 21,607 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Church & Dwight by 5.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock valued at $351,668,000 after purchasing an additional 175,221 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Church & Dwight by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,399,502 shares of the company’s stock valued at $146,556,000 after buying an additional 16,257 shares during the period. Institutional investors own 86.60% of the company’s stock.

Analyst Ratings Changes

CHD has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $105.00 price objective on shares of Church & Dwight in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Piper Sandler cut their price objective on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Wells Fargo & Company boosted their target price on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, TD Cowen boosted their target price on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Church & Dwight currently has a consensus rating of “Hold” and an average price target of $111.53.

Insider Activity at Church & Dwight

In other news, CAO Joseph James Longo sold 7,780 shares of Church & Dwight stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $112.44, for a total value of $874,783.20. Following the transaction, the chief accounting officer now directly owns 400 shares in the company, valued at approximately $44,976. The trade was a 95.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael Read bought 1,100 shares of the stock in a transaction on Monday, December 16th. The stock was acquired at an average cost of $106.82 per share, for a total transaction of $117,502.00. Following the acquisition, the executive vice president now directly owns 2,505 shares in the company, valued at approximately $267,584.10. The trade was a 78.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 102,422 shares of company stock worth $11,424,351. 2.00% of the stock is owned by insiders.

Church & Dwight Stock Performance

CHD stock opened at $105.98 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. Church & Dwight Co., Inc. has a 12 month low of $96.09 and a 12 month high of $113.50. The firm has a 50 day moving average of $105.63 and a two-hundred day moving average of $104.45. The company has a market capitalization of $25.97 billion, a price-to-earnings ratio of 44.72, a P/E/G ratio of 3.35 and a beta of 0.59.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same quarter last year, the business posted $0.65 EPS. As a group, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $0.295 per share. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, February 14th. Church & Dwight’s dividend payout ratio is currently 47.68%.

Church & Dwight Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.