Peapack Gladstone Financial Corp Acquires 335 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Peapack Gladstone Financial Corp increased its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,118 shares of the company’s stock after buying an additional 335 shares during the period. Peapack Gladstone Financial Corp’s holdings in Church & Dwight were worth $7,342,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Public Sector Pension Investment Board boosted its position in Church & Dwight by 12.7% during the third quarter. Public Sector Pension Investment Board now owns 10,648 shares of the company’s stock valued at $1,115,000 after purchasing an additional 1,200 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Church & Dwight by 5.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,250 shares of the company’s stock valued at $236,000 after buying an additional 122 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Church & Dwight by 25.3% in the 3rd quarter. Quantinno Capital Management LP now owns 32,222 shares of the company’s stock worth $3,374,000 after buying an additional 6,509 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of Church & Dwight during the 3rd quarter worth approximately $920,000. Finally, EP Wealth Advisors LLC lifted its position in Church & Dwight by 15.1% during the third quarter. EP Wealth Advisors LLC now owns 2,830 shares of the company’s stock valued at $296,000 after acquiring an additional 371 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Activity

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight stock in a transaction on Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the sale, the executive vice president now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rene Hemsey sold 11,060 shares of the company’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 transaction, the executive vice president now owns 6,437 shares of the company’s stock, valued at $707,941.26. This represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,570 shares of company stock worth $7,538,449 in the last ninety days. Company insiders own 2.00% of the company’s stock.

Church & Dwight Stock Down 4.3 %

Shares of CHD opened at $105.98 on Monday. The company has a market capitalization of $26.08 billion, a price-to-earnings ratio of 44.72, a PEG ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a 52 week low of $96.35 and a 52 week high of $116.46. The stock’s 50-day moving average price is $107.89 and its 200-day moving average price is $106.13. 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 quarterly earnings data on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter in the previous year, the business posted $0.65 EPS. On average, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.295 per share. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight’s dividend payout ratio is presently 49.79%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. Piper Sandler decreased their price target on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Truist Financial raised their price target on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Wells Fargo & Company upped their price objective on shares of Church & Dwight from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, April 2nd. Finally, Stifel Nicolaus lifted their target price on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Church & Dwight presently has a consensus rating of “Hold” and a consensus target price of $112.13.

Church & Dwight 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.