Sequoia Financial Advisors LLC Boosts Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Sequoia Financial Advisors LLC raised its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,311 shares of the company’s stock after purchasing an additional 177 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Church & Dwight were worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. YANKCOM Partnership purchased a new position in Church & Dwight in the fourth quarter worth $25,000. Versant Capital Management Inc increased its holdings in shares of 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 purchasing an additional 184 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Church & Dwight in the fourth quarter valued at about $39,000. Bank of Jackson Hole Trust purchased a new stake in Church & Dwight during the fourth quarter worth about $43,000. Finally, Golden State Wealth Management LLC purchased a new position in Church & Dwight in the fourth quarter valued at about $51,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Church & Dwight

In other Church & Dwight news, EVP Rene Hemsey sold 11,060 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the sale, the executive vice president now owns 6,437 shares of the company’s stock, valued at $707,941.26. This trade represents a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of Church & Dwight stock in a transaction on Monday, December 16th. The stock was sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the sale, the director now directly owns 32,500 shares in the company, valued at $3,448,575. This trade represents a 23.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,570 shares of company stock worth $8,599,549. 1.40% of the stock is currently owned by company insiders.

Church & Dwight Price Performance

Church & Dwight stock opened at $109.15 on Friday. 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 company has a market cap of $26.85 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a 1 year low of $96.35 and a 1 year high of $116.46. The firm has a 50 day moving average price of $106.84 and a 200 day moving average price of $105.68.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same quarter in the prior year, the business posted $0.65 earnings per share. Sell-side analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.295 dividend. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight’s payout ratio is currently 49.79%.

Wall Street Analysts Forecast Growth

CHD has been the subject of several research reports. JPMorgan Chase & Co. cut their price target on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Piper Sandler reduced their target price on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Stifel Nicolaus raised their price target on Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research report on Monday, February 3rd. Barclays upped their price objective on Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a research report on Tuesday, February 4th. Finally, Truist Financial lifted their price objective on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $111.56.

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.