Palisade Asset Management LLC Grows Position in Church & Dwight Co., Inc. (NYSE:CHD)

Palisade Asset Management LLC boosted its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,945 shares of the company’s stock after buying an additional 175 shares during the quarter. Palisade Asset Management LLC’s holdings in Church & Dwight were worth $751,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CHD. Chilton Capital Management LLC lifted its position in Church & Dwight by 50.0% during the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock valued at $31,000 after purchasing an additional 110 shares during the period. Annapolis Financial Services LLC boosted its stake in shares of Church & Dwight by 2,087.5% in the 4th quarter. Annapolis Financial Services LLC now owns 350 shares of the company’s stock worth $33,000 after buying an additional 334 shares during the last quarter. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Church & Dwight in the third quarter worth $38,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Church & Dwight during the fourth quarter valued at $62,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Church & Dwight by 74.7% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 685 shares of the company’s stock valued at $65,000 after acquiring an additional 293 shares during the period. Institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CHD shares. Stifel Nicolaus boosted their price target on Church & Dwight from $91.00 to $99.00 and gave the company a “hold” rating in a research note on Monday, February 5th. Oppenheimer lifted their price target on shares of Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. TheStreet upgraded Church & Dwight from a “c+” rating to a “b” rating in a research note on Friday, February 2nd. The Goldman Sachs Group initiated coverage on Church & Dwight in a research report on Friday, March 1st. They issued a “buy” rating and a $110.00 price target for the company. Finally, Truist Financial boosted their price objective on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and a consensus target price of $105.56.

Insider Activity at Church & Dwight

In other news, EVP Rene Hemsey sold 9,280 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the completion of the sale, the executive vice president now owns 6,373 shares in the company, valued at approximately $638,702.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Church & Dwight news, EVP Rene Hemsey sold 9,280 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $100.22, for a total value of $930,041.60. Following the sale, the executive vice president now owns 6,373 shares of the company’s stock, valued at $638,702.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Read sold 9,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $100.95, for a total value of $908,550.00. Following the transaction, the executive vice president now owns 10,325 shares of the company’s stock, valued at $1,042,308.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 380,804 shares of company stock valued at $39,421,400. 1.40% of the stock is owned by corporate insiders.

Church & Dwight Stock Up 1.4 %

Shares of CHD traded up $1.51 during mid-day trading on Tuesday, hitting $106.92. 972,577 shares of the company traded hands, compared to its average volume of 1,294,265. The business has a 50 day moving average of $103.92 and a 200 day moving average of $98.11. The company has a market capitalization of $26.14 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 3.53 and a beta of 0.51. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54. Church & Dwight Co., Inc. has a 1-year low of $82.25 and a 1-year high of $108.68.

Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.10. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the company posted $0.85 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.46 EPS for the current year.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be issued a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.06%. The ex-dividend date is Tuesday, May 14th. Church & Dwight’s payout ratio is presently 35.87%.

Church & Dwight Company Profile

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.