SVB Wealth LLC Takes Position in Church & Dwight Co., Inc. (NYSE:CHD)

SVB Wealth LLC acquired a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,750 shares of the company’s stock, valued at approximately $707,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHD. QRG Capital Management Inc. lifted its stake in Church & Dwight by 15.5% during the fourth quarter. QRG Capital Management Inc. now owns 16,334 shares of the company’s stock worth $1,710,000 after purchasing an additional 2,188 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Church & Dwight during the 4th quarter valued at about $167,000. Mn Services Vermogensbeheer B.V. lifted its position in Church & Dwight by 1.6% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 96,000 shares of the company’s stock worth $10,052,000 after buying an additional 1,500 shares during the last quarter. New York Life Investment Management LLC boosted its stake in Church & Dwight by 0.5% in the fourth quarter. New York Life Investment Management LLC now owns 36,459 shares of the company’s stock worth $3,818,000 after buying an additional 164 shares in the last quarter. Finally, SRN Advisors LLC bought a new position in Church & Dwight during the fourth quarter valued at approximately $787,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Church & Dwight Stock Up 0.7 %

Church & Dwight stock opened at $112.00 on Tuesday. The stock has a market cap of $27.55 billion, a PE ratio of 47.26, a price-to-earnings-growth ratio of 3.32 and a beta of 0.59. 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 stock has a fifty day moving average of $105.84 and a 200 day moving average of $105.12. Church & Dwight Co., Inc. has a one year low of $96.35 and a one year high of $113.50.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, hitting 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 period in the previous year, the firm posted $0.65 EPS. As a group, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio (DPR) is currently 49.79%.

Insider Activity

In related news, EVP Michael Read acquired 1,100 shares of the stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of $106.82 per share, with a total value of $117,502.00. Following the transaction, the executive vice president now directly owns 2,505 shares in the company, valued at approximately $267,584.10. This represents a 78.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 32,500 shares of the company’s stock, valued at $3,448,575. This represents a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

CHD has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Royal Bank of Canada restated a “sector perform” rating and set a $105.00 price target on shares of Church & Dwight in a research report on Monday, February 3rd. Barclays lifted their price objective on Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a report on Tuesday, February 4th. Piper Sandler dropped their target price on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their price target on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Church & Dwight presently has an average rating of “Hold” and a consensus price target of $111.56.

About Church & Dwight

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.