Proficio Capital Partners LLC Invests $167,000 in Church & Dwight Co., Inc. (NYSE:CHD)

Proficio Capital Partners LLC purchased a new stake in Church & Dwight Co., Inc. (NYSE:CHD) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 166,634 shares of the company’s stock, valued at approximately $167,000. Proficio Capital Partners LLC owned about 0.07% of Church & Dwight as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHD. YANKCOM Partnership bought a new stake in Church & Dwight in the fourth quarter valued at about $25,000. Versant Capital Management Inc grew its holdings in shares of Church & Dwight by 224.4% in the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock valued at $28,000 after buying an additional 184 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of Church & Dwight in the 4th quarter valued at $39,000. Bank of Jackson Hole Trust acquired a new stake in Church & Dwight during the 4th quarter worth $43,000. Finally, Golden State Wealth Management LLC bought a new position in Church & Dwight during the fourth quarter worth about $51,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CHD shares. JPMorgan Chase & Co. lowered their price target on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a report on Friday, February 21st. 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 report on Monday, February 3rd. Stifel Nicolaus raised their target price on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a report on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $105.00 price target on shares of Church & Dwight in a report on Monday, February 3rd. Finally, Piper Sandler dropped their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Church & Dwight presently has a consensus rating of “Hold” and a consensus price target of $111.81.

Insider Buying and Selling at Church & Dwight

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the firm’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 value of $6,322,069.80. Following the completion of the sale, the executive vice president now directly owns 10,497 shares of the company’s stock, valued at $1,217,442.06. This trade represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total value of $1,216,378.80. Following the transaction, the executive vice president now owns 6,437 shares of the company’s stock, 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 a total of 65,570 shares of company stock worth $7,538,449 over the last quarter. 2.00% of the stock is currently owned by insiders.

Church & Dwight Trading Up 2.1 %

Church & Dwight stock opened at $108.50 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The firm has a 50-day moving average of $107.60 and a 200-day moving average of $105.91. The company has a market cap of $26.70 billion, a price-to-earnings ratio of 45.78, a P/E/G ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a one year low of $96.35 and a one year high of $116.46.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, meeting 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 period in the prior year, the business earned $0.65 earnings per share. On average, equities analysts expect 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. Shareholders of record on Friday, February 14th were given a dividend of $0.295 per share. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight’s dividend payout ratio is 49.79%.

Church & Dwight Company 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.