Tandem Investment Advisors Inc. raised its position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 11.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 797,733 shares of the company’s stock after purchasing an additional 82,833 shares during the quarter. Church & Dwight accounts for approximately 2.5% of Tandem Investment Advisors Inc.’s holdings, making the stock its 21st largest holding. Tandem Investment Advisors Inc.’s holdings in Church & Dwight were worth $66,890,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of CHD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Church & Dwight by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,274 shares of the company’s stock valued at $2,672,000 after purchasing an additional 945 shares during the period. Empowered Funds LLC grew its holdings in shares of Church & Dwight by 18.4% in the 1st quarter. Empowered Funds LLC now owns 6,595 shares of the company’s stock valued at $726,000 after acquiring an additional 1,024 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Church & Dwight in the 2nd quarter valued at about $254,000. Baird Financial Group Inc. grew its holdings in shares of Church & Dwight by 9.0% in the 2nd quarter. Baird Financial Group Inc. now owns 29,398 shares of the company’s stock valued at $2,825,000 after acquiring an additional 2,419 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Church & Dwight by 0.4% in the 2nd quarter. Cerity Partners LLC now owns 52,273 shares of the company’s stock valued at $5,024,000 after acquiring an additional 204 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.
Church & Dwight Trading Up 0.1%
Church & Dwight stock opened at $96.33 on Tuesday. Church & Dwight Co., Inc. has a 52 week low of $81.33 and a 52 week high of $106.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.81 and a current ratio of 1.22. The stock has a market capitalization of $22.82 billion, a P/E ratio of 31.69, a PEG ratio of 3.49 and a beta of 0.48. The stock has a 50-day simple moving average of $94.83 and a 200 day simple moving average of $92.31.
Church & Dwight Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a dividend of $0.3075 per share. The ex-dividend date is Friday, May 15th. This represents a $1.23 annualized dividend and a yield of 1.3%. Church & Dwight’s dividend payout ratio (DPR) is 40.46%.
Analysts Set New Price Targets
CHD has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on Church & Dwight from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. TD Cowen raised their price objective on Church & Dwight from $99.00 to $112.00 and gave the company a “hold” rating in a report on Friday, February 20th. Citigroup restated a “neutral” rating and issued a $100.00 price objective (up from $87.00) on shares of Church & Dwight in a report on Monday, February 2nd. Royal Bank Of Canada restated an “outperform” rating and issued a $114.00 price objective (up from $112.00) on shares of Church & Dwight in a report on Monday, May 4th. Finally, Wall Street Zen cut Church & Dwight from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Church & Dwight presently has an average rating of “Hold” and a consensus target price of $102.53.
Check Out Our Latest Research Report on Church & Dwight
Insider Transactions at Church & Dwight
In other Church & Dwight news, Director Penry W. Price sold 5,960 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $94.86, for a total transaction of $565,365.60. Following the completion of the sale, the director directly owned 30,070 shares in the company, valued at $2,852,440.20. This trade represents a 16.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by company insiders.
Church & Dwight Profile
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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