Mattern Capital Management LLC Has $8.23 Million Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Mattern Capital Management LLC lifted its position in Church & Dwight Co., Inc. (NYSE:CHD) by 1.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 78,640 shares of the company’s stock after purchasing an additional 1,012 shares during the period. Mattern Capital Management LLC’s holdings in Church & Dwight were worth $8,234,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. YANKCOM Partnership acquired a new stake in shares of Church & Dwight in the fourth quarter worth $25,000. Capital Performance Advisors LLP acquired a new position in Church & Dwight during the 3rd quarter valued at $27,000. Ashton Thomas Securities LLC acquired a new position in Church & Dwight during the 3rd quarter valued at $28,000. Versant Capital Management Inc raised its stake in 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 purchasing an additional 184 shares during the last quarter. Finally, Bank of Jackson Hole Trust acquired a new position in Church & Dwight during the 4th quarter valued at $43,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Price Performance

CHD opened at $104.36 on Friday. The firm’s 50-day simple moving average is $105.38 and its 200-day simple moving average is $104.66. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. Church & Dwight Co., Inc. has a twelve month low of $96.35 and a twelve month high of $113.50. The firm has a market cap of $25.67 billion, a price-to-earnings ratio of 44.03, a PEG ratio of 3.32 and a beta of 0.59.

Church & Dwight (NYSE:CHD) last posted its earnings results 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 last year, the business posted $0.65 EPS. Equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $0.295 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a yield of 1.13%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio is currently 49.79%.

Insiders Place Their Bets

In other Church & Dwight news, EVP Rick Spann sold 39,520 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 4,973 shares of the company’s stock, valued at $556,976. This represents a 88.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Read acquired 1,100 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were bought at an average cost of $106.82 per share, for a total transaction of $117,502.00. Following the acquisition, 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. Insiders have sold a total of 49,522 shares of company stock valued at $5,487,555 in the last 90 days. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on CHD. Deutsche Bank Aktiengesellschaft upped their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Truist Financial upped their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Stifel Nicolaus increased their price objective on shares of Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research note on Monday, February 3rd. Wells Fargo & Company increased their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $105.00 price objective on shares of Church & Dwight in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $111.53.

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.