Westpac Banking Corp Grows Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Posted by Defense World Staff on May 2nd, 2023

Westpac Banking Corp lifted its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,933 shares of the company’s stock after acquiring an additional 1,097 shares during the quarter. Westpac Banking Corp’s holdings in Church & Dwight were worth $1,849,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Lindbrook Capital LLC grew its stake in shares of Church & Dwight by 3.0% during the 4th quarter. Lindbrook Capital LLC now owns 4,105 shares of the company’s stock valued at $331,000 after acquiring an additional 121 shares during the period. Apeiron RIA LLC grew its stake in shares of Church & Dwight by 3.8% during the 4th quarter. Apeiron RIA LLC now owns 3,524 shares of the company’s stock valued at $284,000 after acquiring an additional 129 shares during the period. Harrington Investments INC grew its stake in shares of Church & Dwight by 0.4% during the 4th quarter. Harrington Investments INC now owns 36,580 shares of the company’s stock valued at $2,949,000 after acquiring an additional 140 shares during the period. Relyea Zuckerberg Hanson LLC grew its stake in shares of Church & Dwight by 3.2% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 4,675 shares of the company’s stock valued at $377,000 after acquiring an additional 145 shares during the period. Finally, Ironwood Investment Management LLC grew its stake in shares of Church & Dwight by 1.7% during the 4th quarter. Ironwood Investment Management LLC now owns 9,019 shares of the company’s stock valued at $727,000 after acquiring an additional 149 shares during the period. 80.86% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Church & Dwight news, Director Bradley C. Irwin sold 8,000 shares of the stock in a transaction on Friday, April 28th. The stock was sold at an average price of $97.48, for a total value of $779,840.00. Following the sale, the director now owns 35,169 shares in the company, valued at $3,428,274.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Church & Dwight news, Director Bradley C. Irwin sold 8,000 shares of the stock in a transaction on Friday, April 28th. The stock was sold at an average price of $97.48, for a total value of $779,840.00. Following the sale, the director now owns 35,169 shares in the company, valued at $3,428,274.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Paul Richard Wood sold 48,262 shares of the stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $83.37, for a total value of $4,023,602.94. Following the completion of the sale, the executive vice president now owns 120 shares in the company, valued at approximately $10,004.40. The disclosure for this sale can be found here. Insiders have sold a total of 136,992 shares of company stock worth $12,179,093 over the last quarter. Company insiders own 2.00% of the company’s stock.

Church & Dwight Stock Performance

NYSE:CHD opened at $96.66 on Tuesday. The stock’s fifty day moving average is $87.51 and its 200 day moving average is $82.27. Church & Dwight Co., Inc. has a fifty-two week low of $70.16 and a fifty-two week high of $99.56. The firm has a market capitalization of $23.59 billion, a PE ratio of 57.88, a PEG ratio of 4.16 and a beta of 0.46. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.63 and a current ratio of 1.18.

Church & Dwight (NYSE:CHD – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.09. Church & Dwight had a return on equity of 20.49% and a net margin of 7.49%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the firm posted $0.83 EPS. Church & Dwight’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.09 earnings per share for the current year.

Church & Dwight Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 15th will be paid a $0.2725 dividend. The ex-dividend date is Friday, May 12th. This represents a $1.09 dividend on an annualized basis and a yield of 1.13%. Church & Dwight’s payout ratio is 65.27%.

Wall Street Analyst Weigh In

CHD has been the subject of a number of recent research reports. TheStreet upgraded Church & Dwight from a “c” rating to a “b” rating in a research note on Thursday. StockNews.com upgraded Church & Dwight from a “sell” rating to a “hold” rating in a research note on Saturday. Atlantic Securities upgraded Church & Dwight from an “underweight” rating to a “neutral” rating and set a $80.00 price target for the company in a research note on Monday, February 6th. JPMorgan Chase & Co. upped their price target on Church & Dwight from $75.00 to $81.00 and gave the stock an “underweight” rating in a research note on Friday, January 13th. Finally, Royal Bank of Canada upped their price target on Church & Dwight from $83.00 to $91.00 in a research note on Friday. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Church & Dwight presently has an average rating of “Hold” and a consensus target price of $90.63.

Church & Dwight Profile

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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.