Avalon Trust Co Purchases 200 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Avalon Trust Co boosted its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 33.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 800 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Avalon Trust Co’s holdings in Church & Dwight were worth $84,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CHD. Holocene Advisors LP bought a new stake in Church & Dwight in the third quarter valued at about $104,795,000. State Street Corp increased its holdings in Church & Dwight by 8.0% in the third quarter. State Street Corp now owns 13,116,334 shares of the company’s stock valued at $1,373,542,000 after purchasing an additional 969,006 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Church & Dwight in the fourth quarter valued at about $76,565,000. World Investment Advisors LLC bought a new stake in Church & Dwight in the third quarter valued at about $58,338,000. Finally, Barclays PLC increased its holdings in Church & Dwight by 63.9% in the third quarter. Barclays PLC now owns 1,106,131 shares of the company’s stock valued at $115,832,000 after purchasing an additional 431,257 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Down 0.6 %

CHD stock opened at $109.15 on Friday. The business has a 50-day moving average of $106.84 and a 200-day moving average of $105.68. Church & Dwight Co., Inc. has a fifty-two week low of $96.35 and a fifty-two week 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 capitalization of $26.85 billion, a P/E ratio of 46.05, a P/E/G ratio of 3.32 and a beta of 0.57.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting the consensus estimate 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 previous year, the firm earned $0.65 earnings per share. On average, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $0.295 per share. 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. This represents a $1.18 annualized dividend and a yield of 1.08%. Church & Dwight’s dividend payout ratio is 49.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CHD shares. Barclays upped their price objective on Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their target price 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. Truist Financial boosted their target price on 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 boosted their target price on Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research note on Monday, February 3rd. Finally, Piper Sandler decreased their target price on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $111.56.

Insider Activity at Church & Dwight

In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $106.11, for a total value of $1,061,100.00. Following the sale, the director now owns 32,500 shares in the company, valued at $3,448,575. This represents a 23.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Read acquired 1,100 shares of the company’s stock in a transaction on Monday, December 16th. The stock was acquired at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the purchase, the executive vice president now directly owns 2,505 shares of the company’s stock, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 75,570 shares of company stock valued at $8,599,549. Insiders own 1.40% of the company’s stock.

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.