Assetmark Inc. Purchases 131 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Assetmark Inc. increased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 16.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 915 shares of the company’s stock after purchasing an additional 131 shares during the period. Assetmark Inc.’s holdings in Church & Dwight were worth $96,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Holocene Advisors LP bought a new stake in Church & Dwight in the third quarter valued at $104,795,000. State Street Corp grew its position in Church & Dwight by 8.0% in the third quarter. State Street Corp now owns 13,116,334 shares of the company’s stock valued at $1,373,542,000 after acquiring an additional 969,006 shares during the period. World Investment Advisors LLC bought a new stake in Church & Dwight in the third quarter valued at $58,338,000. Barclays PLC grew its position in Church & Dwight by 63.9% in the third quarter. Barclays PLC now owns 1,106,131 shares of the company’s stock valued at $115,832,000 after acquiring an additional 431,257 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Church & Dwight by 5.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock worth $839,472,000 after purchasing an additional 429,863 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Trading Down 0.6 %

NYSE:CHD opened at $109.15 on Friday. Church & Dwight Co., Inc. has a 1-year low of $96.35 and a 1-year high of $116.46. The business’s 50-day moving average price is $106.84 and its two-hundred day moving average price is $105.65. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $26.85 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 3.32 and a beta of 0.57.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same period last year, the business earned $0.65 EPS. On average, equities analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $0.295 dividend. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 annualized dividend and a yield of 1.08%. Church & Dwight’s dividend payout ratio is presently 49.79%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CHD. JPMorgan Chase & Co. decreased their target price on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Royal Bank of Canada restated a “sector perform” rating and set a $105.00 target price on shares of Church & Dwight in a report on Monday, February 3rd. Piper Sandler decreased their target price on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Truist Financial increased their target price on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, Barclays increased their target price on Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and an average target price of $111.56.

Insider Transactions at Church & Dwight

In other news, EVP Rene Hemsey sold 11,060 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 6,437 shares of the company’s stock, valued at $707,941.26. This trade represents a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was 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 directly owns 10,497 shares in the company, valued at approximately $1,217,442.06. This represents a 83.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,570 shares of company stock valued at $8,599,549 over the last 90 days. 1.40% of the stock is owned by company insiders.

About Church & Dwight

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.