Sei Investments Co. Purchases 23,433 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Sei Investments Co. lifted its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 10.0% in the fourth quarter, HoldingsChannel reports. The firm owned 258,415 shares of the company’s stock after purchasing an additional 23,433 shares during the quarter. Sei Investments Co.’s holdings in Church & Dwight were worth $27,058,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CHD. YANKCOM Partnership purchased a new position in shares of Church & Dwight in the 4th quarter worth $25,000. Versant Capital Management Inc grew its position in Church & Dwight by 224.4% in the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after acquiring an additional 184 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in Church & Dwight during the fourth quarter worth approximately $39,000. Bank of Jackson Hole Trust purchased a new stake in Church & Dwight during the fourth quarter valued at approximately $43,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Church & Dwight in the 4th quarter worth approximately $51,000. Institutional investors own 86.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. 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. JPMorgan Chase & Co. reduced their price objective on shares of Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. 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 research report on Monday, February 3rd. Barclays raised their price target on Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 4th. Finally, Truist Financial upped their price objective on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and an average target price of $111.56.

Insider Activity

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the transaction, the executive vice president now owns 10,497 shares in the company, valued at $1,217,442.06. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,570 shares of company stock worth $7,538,449. Corporate insiders own 2.00% of the company’s stock.

Church & Dwight Stock Down 2.1 %

Shares of Church & Dwight stock opened at $104.66 on Wednesday. Church & Dwight Co., Inc. has a 1 year low of $96.35 and a 1 year high of $116.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The stock has a market cap of $25.74 billion, a price-to-earnings ratio of 44.16, a PEG ratio of 3.32 and a beta of 0.57. The firm’s 50-day moving average is $107.49 and its two-hundred day moving average is $105.89.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, meeting 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 quarter last year, the business earned $0.65 EPS. As a group, research analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.13%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight’s dividend payout ratio is presently 49.79%.

Church & Dwight 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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.