Portfolio Design Labs LLC Has $3.07 Million Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Portfolio Design Labs LLC boosted its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 31.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 29,313 shares of the company’s stock after buying an additional 6,978 shares during the period. Portfolio Design Labs LLC’s holdings in Church & Dwight were worth $3,069,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Amalgamated Bank raised its position in Church & Dwight by 0.8% during the third quarter. Amalgamated Bank now owns 50,056 shares of the company’s stock valued at $5,242,000 after buying an additional 394 shares during the period. Board of the Pension Protection Fund acquired a new position in Church & Dwight during the fourth quarter valued at $639,000. Oddo BHF Asset Management Sas acquired a new position in Church & Dwight during the third quarter valued at $5,934,000. Citigroup Inc. raised its position in Church & Dwight by 9.1% during the third quarter. Citigroup Inc. now owns 337,738 shares of the company’s stock valued at $35,368,000 after buying an additional 28,129 shares during the period. Finally, Financial Enhancement Group LLC raised its position in Church & Dwight by 456.2% during the fourth quarter. Financial Enhancement Group LLC now owns 60,585 shares of the company’s stock valued at $6,232,000 after buying an additional 49,693 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Michael Read acquired 1,100 shares of Church & Dwight stock in a transaction on Monday, December 16th. The stock was bought at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the transaction, the executive vice president now owns 2,505 shares of the company’s stock, valued at $267,584.10. The trade was a 78.29 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the firm’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 completion of the sale, the director now owns 32,500 shares of the company’s stock, valued at $3,448,575. This represents a 23.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,422 shares of company stock worth $11,424,351. 2.00% of the stock is currently owned by company insiders.

Church & Dwight Stock Performance

Shares of NYSE CHD opened at $104.85 on Wednesday. The business’s 50-day simple moving average is $105.73 and its 200-day simple moving average is $104.42. Church & Dwight Co., Inc. has a 52 week low of $96.09 and a 52 week high of $113.50. The firm has a market cap of $25.69 billion, a price-to-earnings ratio of 44.24, a P/E/G ratio of 3.35 and a beta of 0.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, January 31st. The company reported $0.77 earnings per share 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 prior year, the business posted $0.65 earnings per share. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a $0.295 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.13%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio (DPR) is currently 47.68%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHD. Wells Fargo & Company upped their price target on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Barclays upped their target price on Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 4th. Piper Sandler dropped their target price on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. upped their target price on Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $111.53.

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.