Diversify Wealth Management LLC Acquires 1,762 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Diversify Wealth Management LLC boosted its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 28.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,962 shares of the company’s stock after acquiring an additional 1,762 shares during the quarter. Diversify Wealth Management LLC’s holdings in Church & Dwight were worth $808,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Amalgamated Bank lifted its stake in shares of Church & Dwight by 0.8% in the 3rd quarter. Amalgamated Bank now owns 50,056 shares of the company’s stock valued at $5,242,000 after purchasing an additional 394 shares during the period. Board of the Pension Protection Fund acquired a new position in Church & Dwight in the fourth quarter valued at about $639,000. Oddo BHF Asset Management Sas bought a new position in Church & Dwight during the third quarter worth about $5,934,000. Citigroup Inc. grew its position in shares of Church & Dwight by 9.1% during the 3rd quarter. Citigroup Inc. now owns 337,738 shares of the company’s stock worth $35,368,000 after buying an additional 28,129 shares during the period. Finally, Financial Enhancement Group LLC increased its stake in shares of Church & Dwight by 456.2% in the 4th quarter. Financial Enhancement Group LLC now owns 60,585 shares of the company’s stock valued at $6,232,000 after acquiring an additional 49,693 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

Church & Dwight Stock Performance

Shares of NYSE CHD opened at $106.66 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. The stock has a 50 day moving average price of $106.84 and a 200 day moving average price of $104.04. The stock has a market capitalization of $26.13 billion, a PE ratio of 47.83, a price-to-earnings-growth ratio of 3.28 and a beta of 0.58. Church & Dwight Co., Inc. has a 52 week low of $96.09 and a 52 week high of $113.50.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm posted $0.74 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. Analysts predict that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Friday, November 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 50.67%.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, CEO Matthew Farrell sold 300,000 shares of Church & Dwight stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $103.84, for a total transaction of $31,152,000.00. Following the completion of the transaction, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,704,740.96. The trade was a 72.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Arthur B. Winkleblack sold 11,590 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the completion of the transaction, the director now directly owns 7,129 shares in the company, valued at $740,275.36. The trade was a 61.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 593,035 shares of company stock worth $62,282,808 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CHD. Wells Fargo & Company lifted their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a report on Monday, November 4th. TD Cowen raised their price objective on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Stifel Nicolaus decreased their target price on Church & Dwight from $105.00 to $103.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Finally, Barclays raised their price target on Church & Dwight from $85.00 to $90.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $110.61.

Church & Dwight Company 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.