Sigma Planning Corp Boosts Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Posted by Defense World Staff on Aug 12th, 2023

Sigma Planning Corp raised its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 24.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,332 shares of the company’s stock after buying an additional 1,260 shares during the quarter. Sigma Planning Corp’s holdings in Church & Dwight were worth $560,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC lifted its stake in Church & Dwight by 106,565.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,688,996 shares of the company’s stock worth $539,200,000 after purchasing an additional 6,682,725 shares during the last quarter. Norges Bank bought a new stake in Church & Dwight during the fourth quarter worth about $192,019,000. Morgan Stanley lifted its stake in Church & Dwight by 25.8% during the fourth quarter. Morgan Stanley now owns 3,148,588 shares of the company’s stock worth $253,808,000 after purchasing an additional 645,291 shares during the last quarter. ProShare Advisors LLC lifted its stake in Church & Dwight by 29.6% during the fourth quarter. ProShare Advisors LLC now owns 2,236,932 shares of the company’s stock worth $180,319,000 after purchasing an additional 510,799 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its stake in shares of Church & Dwight by 183.7% in the 4th quarter. Royal London Asset Management Ltd. now owns 743,461 shares of the company’s stock valued at $59,927,000 after acquiring an additional 481,427 shares during the last quarter. 82.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHD has been the subject of a number of recent research reports. Barclays boosted their target price on Church & Dwight from $78.00 to $82.00 and gave the company an “underweight” rating in a research note on Tuesday, August 1st. Morgan Stanley boosted their target price on Church & Dwight from $106.00 to $114.00 and gave the company an “overweight” rating in a research note on Monday, July 31st. Jefferies Financial Group boosted their target price on Church & Dwight from $111.00 to $113.00 in a research note on Wednesday, June 21st. Deutsche Bank Aktiengesellschaft boosted their target price on Church & Dwight from $107.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, July 31st. Finally, 888 reissued a “maintains” rating on shares of Church & Dwight in a research note on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Church & Dwight has an average rating of “Hold” and a consensus price target of $92.53.

Get Our Latest Research Report on CHD

Insider Buying and Selling

In related news, CEO Matthew Farrell sold 7,006 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $97.15, for a total value of $680,632.90. Following the sale, the chief executive officer now owns 112,444 shares in the company, valued at approximately $10,923,934.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by company insiders.

Church & Dwight Stock Up 0.4 %

CHD stock opened at $95.95 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.80 and a current ratio of 1.41. The company has a market capitalization of $23.61 billion, a price-to-earnings ratio of 53.31, a price-to-earnings-growth ratio of 3.84 and a beta of 0.47. The business’s 50 day moving average price is $96.86 and its two-hundred day moving average price is $91.22. Church & Dwight Co., Inc. has a fifty-two week low of $70.16 and a fifty-two week high of $100.52.

Church & Dwight (NYSE:CHD – Get Free Report) last posted its quarterly earnings results on Friday, July 28th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.13. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. Church & Dwight had a return on equity of 21.12% and a net margin of 7.93%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 EPS. As a group, analysts forecast that Church & Dwight Co., Inc. will post 3.17 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a $0.2725 dividend. The ex-dividend date is Monday, August 14th. This represents a $1.09 annualized dividend and a dividend yield of 1.14%. Church & Dwight’s payout ratio is currently 60.56%.

Church & Dwight Company Profile

(Free Report)

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.