Financial Enhancement Group LLC Has $6.23 Million Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Financial Enhancement Group LLC increased its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 456.2% during the fourth quarter, Holdings Channel reports. The fund owned 60,585 shares of the company’s stock after acquiring an additional 49,693 shares during the quarter. Financial Enhancement Group LLC’s holdings in Church & Dwight were worth $6,232,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in shares of Church & Dwight in the third quarter valued at $27,000. Ashton Thomas Securities LLC acquired a new position in Church & Dwight in the 3rd quarter valued at about $28,000. Versant Capital Management Inc raised its holdings in Church & Dwight by 224.4% in 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 period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Church & Dwight during the second quarter worth approximately $33,000. Finally, Kimelman & Baird LLC bought a new stake in shares of Church & Dwight during the second quarter worth approximately $46,000. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Performance

NYSE:CHD opened at $103.38 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $25.33 billion, a PE ratio of 46.36, a price-to-earnings-growth ratio of 3.12 and a beta of 0.58. Church & Dwight Co., Inc. has a twelve month low of $96.09 and a twelve month high of $113.50. The stock’s 50-day simple moving average is $106.82 and its 200 day simple moving average is $104.04.

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

Church & Dwight Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a dividend of $0.2838 per share. The ex-dividend date was Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.10%. Church & Dwight’s dividend payout ratio (DPR) is presently 50.67%.

Insider Activity

In related news, EVP Michael Read purchased 1,100 shares of Church & Dwight stock in a transaction on Monday, December 16th. The shares were purchased at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the transaction, the executive vice president now owns 2,505 shares of the company’s stock, valued at approximately $267,584.10. This represents a 78.29 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Arthur B. Winkleblack sold 11,590 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the transaction, the director now owns 7,129 shares of the company’s stock, valued at approximately $740,275.36. The trade was a 61.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 593,035 shares of company stock worth $62,282,808. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

CHD has been the subject of several research reports. TD Cowen lifted their price target on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Piper Sandler lifted their target price on Church & Dwight from $124.00 to $128.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Barclays decreased their price target on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 5th. 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. Finally, JPMorgan Chase & Co. increased their target price on shares of Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $110.44.

About Church & Dwight

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.