Ensign Peak Advisors Inc Purchases 13,740 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Ensign Peak Advisors Inc grew its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 801,900 shares of the company’s stock after buying an additional 13,740 shares during the period. Ensign Peak Advisors Inc owned 0.33% of Church & Dwight worth $83,967,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHD. Lake Street Advisors Group LLC boosted its stake in Church & Dwight by 3.7% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,692 shares of the company’s stock worth $282,000 after acquiring an additional 97 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Church & Dwight by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,005 shares of the company’s stock valued at $2,199,000 after purchasing an additional 103 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Church & Dwight by 3.2% in the 4th quarter. Whittier Trust Co. now owns 3,295 shares of the company’s stock worth $345,000 after purchasing an additional 103 shares in the last quarter. HCR Wealth Advisors grew its stake in shares of Church & Dwight by 0.9% in the 4th quarter. HCR Wealth Advisors now owns 11,754 shares of the company’s stock worth $1,231,000 after buying an additional 106 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its position in Church & Dwight by 0.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 12,124 shares of the company’s stock valued at $1,270,000 after buying an additional 110 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Church & Dwight

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now directly owns 10,497 shares of the company’s stock, valued at approximately $1,217,442.06. This trade represents a 83.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Read bought 3,000 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average price of $92.07 per share, for a total transaction of $276,210.00. Following the completion of the transaction, the executive vice president now directly owns 5,505 shares of the company’s stock, valued at $506,845.35. This represents a 119.76 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 80,230 shares of company stock worth $8,903,734 in the last 90 days. 1.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Wells Fargo & Company boosted their target price on Church & Dwight from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, April 2nd. UBS Group dropped their price target on shares of Church & Dwight from $110.00 to $102.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Truist Financial raised their price objective 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. Piper Sandler dropped their target price on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, Barclays cut their price target on shares of Church & Dwight from $94.00 to $84.00 and set an “underweight” rating on the stock in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Church & Dwight currently has a consensus rating of “Hold” and an average price target of $109.13.

Church & Dwight Stock Performance

Shares of CHD opened at $91.59 on Friday. The firm has a market capitalization of $22.54 billion, a P/E ratio of 38.65, a PEG ratio of 3.32 and a beta of 0.55. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. Church & Dwight Co., Inc. has a one year low of $91.08 and a one year high of $116.46. The business has a fifty day moving average of $104.03 and a 200 day moving average of $105.50.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the company posted $0.96 EPS. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be given a $0.295 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.18 annualized dividend and a yield of 1.29%. Church & Dwight’s payout ratio is presently 50.64%.

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.