Concurrent Investment Advisors LLC Purchases 184 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Concurrent Investment Advisors LLC raised its position in Church & Dwight Co., Inc. (NYSE:CHD) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,264 shares of the company’s stock after purchasing an additional 184 shares during the period. Concurrent Investment Advisors LLC’s holdings in Church & Dwight were worth $342,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. YANKCOM Partnership bought a new stake in Church & Dwight during the fourth quarter valued at $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Church & Dwight in the 3rd quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Church & Dwight during the 3rd quarter valued at about $28,000. Versant Capital Management Inc boosted its position in shares of Church & Dwight by 224.4% during the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock valued at $28,000 after acquiring an additional 184 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Church & Dwight during the fourth quarter worth about $39,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Church & Dwight

In other news, EVP Rick Spann sold 39,520 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $112.00, for a total transaction of $4,426,240.00. Following the completion of the transaction, the executive vice president now directly owns 4,973 shares of the company’s stock, valued at $556,976. The trade was a 88.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Read purchased 1,100 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was purchased at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the completion of the purchase, the executive vice president now 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 49,522 shares of company stock valued at $5,487,555. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Truist Financial raised their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Stifel Nicolaus raised their price target on Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut their price objective on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a report on Friday, February 21st. Wells Fargo & Company raised their price objective on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, TD Cowen upped their target price on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $111.47.

Church & Dwight Price Performance

CHD stock opened at $110.56 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. The firm has a 50 day moving average price of $105.48 and a 200-day moving average price of $104.84. Church & Dwight Co., Inc. has a 52-week low of $96.35 and a 52-week high of $113.50. The firm has a market capitalization of $27.19 billion, a price-to-earnings ratio of 46.65, a PEG ratio of 3.32 and a beta of 0.59.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter in the prior year, the business posted $0.65 EPS. Equities research analysts forecast 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 $0.295 dividend. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Friday, February 14th. Church & Dwight’s payout ratio is presently 49.79%.

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.