Summit Financial LLC Purchases 1,511 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Summit Financial LLC increased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 10.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,043 shares of the company’s stock after buying an additional 1,511 shares during the quarter. Summit Financial LLC’s holdings in Church & Dwight were worth $1,680,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CHD. Wellington Management Group LLP lifted its holdings in shares of Church & Dwight by 25.0% in the 4th quarter. Wellington Management Group LLP now owns 219,992 shares of the company’s stock worth $23,035,000 after purchasing an additional 44,026 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Church & Dwight by 6.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 48,302 shares of the company’s stock valued at $5,058,000 after buying an additional 2,725 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Church & Dwight by 7.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 10,680 shares of the company’s stock valued at $1,095,000 after buying an additional 736 shares during the last quarter. RWA Wealth Partners LLC increased its position in shares of Church & Dwight by 84.8% during the fourth quarter. RWA Wealth Partners LLC now owns 5,026 shares of the company’s stock worth $526,000 after acquiring an additional 2,306 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of Church & Dwight by 42.2% in the 4th quarter. Schroder Investment Management Group now owns 416,944 shares of the company’s stock worth $43,621,000 after acquiring an additional 123,771 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.

Insider Activity

In related news, EVP Rene Hemsey sold 11,060 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 6,437 shares in the company, valued at approximately $707,941.26. The trade was a 63.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $115.98, for a total value of $6,322,069.80. Following the completion of the transaction, the executive vice president now owns 10,497 shares of the company’s stock, valued at approximately $1,217,442.06. This represents a 83.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,570 shares of company stock valued at $7,538,449 over the last quarter. Company insiders own 2.00% of the company’s stock.

Church & Dwight Trading Down 0.5 %

NYSE:CHD opened at $109.51 on Wednesday. Church & Dwight Co., Inc. has a 12 month low of $96.35 and a 12 month high of $116.46. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average is $107.78 and its 200 day moving average is $106.04. The stock has a market capitalization of $26.95 billion, a PE ratio of 46.21, a price-to-earnings-growth 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 analysts’ consensus estimates 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 posted $0.65 EPS. Sell-side analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.295 dividend. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 annualized dividend and a dividend yield of 1.08%. Church & Dwight’s dividend payout ratio (DPR) is presently 49.79%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CHD shares. Barclays lifted their price target on Church & Dwight from $93.00 to $97.00 and gave the company an “underweight” rating in a research note on Thursday, March 27th. Stifel Nicolaus upped their price target on Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a report on Monday, February 3rd. Truist Financial raised their price objective on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on shares of Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Finally, Piper Sandler dropped their price target on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Two research 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. According to data from MarketBeat.com, Church & Dwight currently has a consensus rating of “Hold” and an average target price of $111.81.

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 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.