Wealth Enhancement Advisory Services LLC Grows Position in Church & Dwight Co., Inc. (NYSE:CHD)

Wealth Enhancement Advisory Services LLC raised its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 19.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,994 shares of the company’s stock after purchasing an additional 3,388 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Church & Dwight were worth $2,190,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CHD. Game Plan Financial Advisors LLC acquired a new position in Church & Dwight during the first quarter worth $26,000. Chilton Capital Management LLC increased its stake in Church & Dwight by 50.0% in the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock valued at $31,000 after purchasing an additional 110 shares during the last quarter. Roble Belko & Company Inc acquired a new position in Church & Dwight in the first quarter valued at $31,000. Creekmur Asset Management LLC acquired a new position in Church & Dwight in the fourth quarter valued at $32,000. Finally, Annapolis Financial Services LLC increased its stake in Church & Dwight by 2,087.5% in the fourth quarter. Annapolis Financial Services LLC now owns 350 shares of the company’s stock valued at $33,000 after purchasing an additional 334 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CHD. JPMorgan Chase & Co. dropped their target price on Church & Dwight from $98.00 to $97.00 and set an “underweight” rating for the company in a research note on Friday, May 3rd. Bank of America upped their target price on Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Truist Financial upped their target price on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Oppenheimer upped their target price on Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. Finally, BNP Paribas initiated coverage on Church & Dwight in a research note on Monday, June 24th. They issued a “neutral” rating and a $114.00 price target on the stock. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $106.65.

Insider Transactions at Church & Dwight

In related news, CFO Richard A. Dierker sold 86,740 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the completion of the sale, the chief financial officer now directly owns 7,634 shares in the company, valued at $813,479.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Church & Dwight news, CFO Richard A. Dierker sold 86,740 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the transaction, the chief financial officer now directly owns 7,634 shares of the company’s stock, valued at $813,479.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Penry W. Price sold 7,752 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $105.47, for a total transaction of $817,603.44. Following the transaction, the director now directly owns 25,692 shares in the company, valued at $2,709,735.24. The disclosure for this sale can be found here. Insiders sold a total of 182,346 shares of company stock valued at $19,465,948 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

Church & Dwight Stock Performance

Shares of NYSE CHD opened at $105.53 on Friday. The stock has a fifty day moving average price of $106.71 and a two-hundred day moving average price of $102.22. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 1.33. The firm has a market cap of $25.80 billion, a P/E ratio of 33.50, a PEG ratio of 3.44 and a beta of 0.52. Church & Dwight Co., Inc. has a 1 year low of $82.25 and a 1 year high of $110.31.

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

Church & Dwight Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Tuesday, May 14th. Church & Dwight’s dividend payout ratio is presently 35.87%.

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.