Legacy Wealth Asset Management LLC Trims Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Legacy Wealth Asset Management LLC decreased its position in Church & Dwight Co., Inc. (NYSE:CHD) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,701 shares of the company’s stock after selling 122 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Church & Dwight were worth $283,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of Church & Dwight in the 3rd quarter worth $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Church & Dwight in the third quarter valued at about $28,000. Versant Capital Management Inc lifted its stake in Church & Dwight by 224.4% in the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after acquiring an additional 184 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Church & Dwight in the second quarter worth about $33,000. Finally, Kimelman & Baird LLC bought a new position in Church & Dwight during the 2nd quarter worth about $46,000. Institutional investors own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CHD. Barclays upped their price target on shares of Church & Dwight from $85.00 to $90.00 and gave the stock an “underweight” rating in a research report on Friday. JPMorgan Chase & Co. upped their target price on Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a report on Thursday. Piper Sandler lifted their price target on Church & Dwight from $124.00 to $128.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft upped their price objective on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, TD Cowen lifted their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $110.61.

Church & Dwight Trading Up 0.1 %

Shares of NYSE:CHD opened at $106.42 on Friday. The business has a 50-day moving average price of $106.86 and a 200-day moving average price of $104.06. The stock has a market cap of $26.07 billion, a price-to-earnings ratio of 47.72, a PEG ratio of 3.12 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. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The business 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 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. Equities analysts predict that Church & Dwight Co., Inc. will post 3.44 EPS for the current year.

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Friday, November 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 50.67%.

Insider Transactions at Church & Dwight

In other Church & Dwight news, EVP Michael Read bought 1,100 shares of the business’s stock in a transaction on Monday, December 16th. The stock was bought at an average price of $106.82 per share, with a total value of $117,502.00. Following the completion of the purchase, the executive vice president now directly owns 2,505 shares in the company, valued at $267,584.10. The trade was a 78.29 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew Farrell sold 165,823 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $103.03, for a total value of $17,084,743.69. Following the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,613,438.57. The trade was a 59.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 593,035 shares of company stock valued at $62,282,808 in the last three months. 1.40% of the stock is currently owned by company insiders.

Church & Dwight Company Profile

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.