Y Intercept Hong Kong Ltd Invests $634,000 in Church & Dwight Co., Inc. (NYSE:CHD)

Y Intercept Hong Kong Ltd acquired a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,053 shares of the company’s stock, valued at approximately $634,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Church & Dwight by 13.6% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 102,993 shares of the company’s stock worth $10,784,000 after purchasing an additional 12,300 shares during the period. Delta Financial Group Inc. purchased a new position in shares of Church & Dwight during the 4th quarter valued at approximately $492,000. Wealthspire Advisors LLC lifted its position in shares of Church & Dwight by 5.2% during the 4th quarter. Wealthspire Advisors LLC now owns 5,396 shares of the company’s stock valued at $565,000 after buying an additional 267 shares in the last quarter. Sigma Planning Corp lifted its position in shares of Church & Dwight by 2.7% during the 4th quarter. Sigma Planning Corp now owns 5,178 shares of the company’s stock valued at $542,000 after buying an additional 137 shares in the last quarter. Finally, Redmond Asset Management LLC lifted its position in shares of Church & Dwight by 311.1% during the 4th quarter. Redmond Asset Management LLC now owns 17,189 shares of the company’s stock valued at $1,800,000 after buying an additional 13,008 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CHD shares. Wells Fargo & Company increased their target price on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Piper Sandler decreased 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. Deutsche Bank Aktiengesellschaft increased their target price on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Truist Financial raised their price objective on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, Barclays raised 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $111.47.

Church & Dwight Stock Up 1.8 %

Shares of CHD opened at $111.32 on Friday. Church & Dwight Co., Inc. has a 52-week low of $96.35 and a 52-week high of $113.50. The company has a market capitalization of $27.38 billion, a PE ratio of 46.97, a price-to-earnings-growth ratio of 3.32 and a beta of 0.59. The stock has a fifty day simple moving average of $105.71 and a two-hundred day simple moving average of $104.97. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, hitting 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 period in the prior year, the firm posted $0.65 earnings per share. As a group, equities analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.06%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, February 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 49.79%.

Insider Buying and Selling

In other Church & Dwight news, EVP Michael Read acquired 1,100 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of $106.82 per share, with a total value 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. This trade represents a 78.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Rick Spann sold 39,520 shares of Church & Dwight stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $112.00, for a total value of $4,426,240.00. Following the completion of the transaction, the executive vice president now directly owns 4,973 shares of the company’s stock, valued at approximately $556,976. This represents a 88.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,522 shares of company stock valued at $5,487,555. 2.00% of the stock is currently owned by insiders.

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.