Bernard Wealth Management Corp. Acquires New Position in Church & Dwight Co., Inc. (NYSE:CHD)

Bernard Wealth Management Corp. acquired a new stake in Church & Dwight Co., Inc. (NYSE:CHD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 400 shares of the company’s stock, valued at approximately $40,000.

A number of other institutional investors have also bought and sold shares of CHD. Integrated Wealth Concepts LLC lifted its position in Church & Dwight by 5.7% during the third quarter. Integrated Wealth Concepts LLC now owns 2,250 shares of the company’s stock worth $236,000 after buying an additional 122 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Church & Dwight by 25.3% during the 3rd quarter. Quantinno Capital Management LP now owns 32,222 shares of the company’s stock worth $3,374,000 after acquiring an additional 6,509 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in shares of Church & Dwight during the 3rd quarter worth $920,000. EP Wealth Advisors LLC boosted its position in shares of Church & Dwight by 15.1% during the 3rd 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. Finally, iA Global Asset Management Inc. purchased a new stake in shares of Church & Dwight in the third quarter valued at about $354,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the sale, the executive vice president now owns 10,497 shares in the company, valued at $1,217,442.06. The trade was a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rene Hemsey sold 11,060 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the completion of the transaction, the executive vice president now owns 6,437 shares in the company, 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 sold 65,570 shares of company stock worth $7,538,449 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on CHD shares. Stifel Nicolaus boosted their target price on shares of Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a report on Monday, February 3rd. Truist Financial upped 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. JPMorgan Chase & Co. lowered their price objective on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Piper Sandler reduced 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. Finally, Barclays increased their price target on Church & Dwight from $93.00 to $97.00 and gave the stock an “underweight” rating in a report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $112.13.

Church & Dwight Price Performance

Shares of CHD opened at $101.65 on Wednesday. The company has a market cap of $25.02 billion, a P/E ratio of 42.89, a PEG ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a fifty-two week low of $96.35 and a fifty-two week high of $116.46. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average price is $107.54 and its 200 day moving average price is $106.09.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share 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 quarter last year, the company earned $0.65 EPS. On average, research analysts forecast 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 declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.295 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a yield of 1.16%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s payout ratio is currently 49.79%.

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.