Ritholtz Wealth Management Acquires 160 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Ritholtz Wealth Management grew its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,515 shares of the company’s stock after acquiring an additional 160 shares during the quarter. Ritholtz Wealth Management’s holdings in Church & Dwight were worth $892,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in Church & Dwight during the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Church & Dwight during the 3rd quarter valued at $28,000. Versant Capital Management Inc lifted its holdings in shares of Church & Dwight by 224.4% during the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after acquiring an additional 184 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Church & Dwight in the second quarter worth $33,000. Finally, Kimelman & Baird LLC bought a new position in Church & Dwight in the second quarter valued at $46,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Up 0.1 %

CHD stock opened at $106.42 on Monday. The business has a 50 day moving average of $106.86 and a 200 day moving average of $104.05. The firm has a market cap of $26.07 billion, a PE ratio of 47.72, a price-to-earnings-growth ratio of 3.12 and a beta of 0.58. Church & Dwight Co., Inc. has a twelve month low of $96.09 and a twelve month high of $113.50. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm earned $0.74 EPS. Church & Dwight’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, research analysts forecast that Church & Dwight Co., Inc. will post 3.44 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Friday, November 15th. Church & Dwight’s payout ratio is 50.67%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CHD. Deutsche Bank Aktiengesellschaft lifted their price target on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Barclays upped their target price on Church & Dwight from $85.00 to $90.00 and gave the stock an “underweight” rating in a research note on Friday. Wells Fargo & Company lifted their price target on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. upped their price objective on shares of Church & Dwight from $99.00 to $107.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, Piper Sandler increased their target price on shares of Church & Dwight from $124.00 to $128.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Church & Dwight presently has an average rating of “Hold” and a consensus price target of $110.61.

Insider Activity at Church & Dwight

In related news, Director Arthur B. Winkleblack sold 11,590 shares of Church & Dwight stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $103.84, for a total value of $1,203,505.60. Following the completion of the sale, the director now directly owns 7,129 shares in the company, valued at approximately $740,275.36. This trade represents a 61.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Read bought 1,100 shares of the stock in a transaction on Monday, December 16th. The shares were bought 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 in the company, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 593,035 shares of company stock valued at $62,282,808 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.

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.