Taurus Asset Management LLC Buys 32,835 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Taurus Asset Management LLC grew its stake in shares of Church & Dwight Co., Inc. (NYSE:CHDFree Report) by 14.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 259,715 shares of the company’s stock after acquiring an additional 32,835 shares during the period. Church & Dwight comprises approximately 2.7% of Taurus Asset Management LLC’s investment portfolio, making the stock its 12th biggest holding. Taurus Asset Management LLC owned approximately 0.11% of Church & Dwight worth $24,559,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Chilton Capital Management LLC raised its position in shares of Church & Dwight by 50.0% in the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after acquiring an additional 110 shares during the period. Global Retirement Partners LLC raised its position in shares of Church & Dwight by 14.7% in the fourth quarter. Global Retirement Partners LLC now owns 883 shares of the company’s stock worth $87,000 after acquiring an additional 113 shares during the period. Gateway Advisory LLC raised its position in shares of Church & Dwight by 4.4% in the third quarter. Gateway Advisory LLC now owns 2,855 shares of the company’s stock worth $262,000 after acquiring an additional 120 shares during the period. Kentucky Retirement Systems raised its position in shares of Church & Dwight by 0.6% in the fourth quarter. Kentucky Retirement Systems now owns 19,713 shares of the company’s stock worth $1,864,000 after acquiring an additional 126 shares during the period. Finally, Sunbelt Securities Inc. raised its position in shares of Church & Dwight by 2.1% in the third quarter. Sunbelt Securities Inc. now owns 6,580 shares of the company’s stock worth $603,000 after acquiring an additional 137 shares during the period. Institutional investors own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Church & Dwight from $91.00 to $99.00 and gave the stock a “hold” rating in a research note on Monday, February 5th. HSBC boosted their target price on shares of Church & Dwight from $110.00 to $114.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Argus raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Friday, February 23rd. Finally, UBS Group boosted their target price on shares of Church & Dwight from $99.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $105.56.

Read Our Latest Stock Analysis on CHD

Insider Buying and Selling at Church & Dwight

In other news, EVP Michael Read sold 9,000 shares of Church & Dwight stock in a transaction on Monday, March 4th. The shares were sold at an average price of $100.95, for a total transaction of $908,550.00. Following the completion of the sale, the executive vice president now directly owns 10,325 shares of the company’s stock, valued at approximately $1,042,308.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Church & Dwight news, EVP Michael Read sold 9,000 shares of Church & Dwight stock in a transaction on Monday, March 4th. The shares were sold at an average price of $100.95, for a total value of $908,550.00. Following the transaction, the executive vice president now directly owns 10,325 shares in the company, valued at $1,042,308.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 15,504 shares of Church & Dwight stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $102.25, for a total transaction of $1,585,284.00. Following the completion of the transaction, the director now owns 33,793 shares in the company, valued at $3,455,334.25. The disclosure for this sale can be found here. Insiders sold 376,972 shares of company stock valued at $39,133,366 in the last 90 days. Company insiders own 2.00% of the company’s stock.

Church & Dwight Trading Up 1.0 %

Shares of Church & Dwight stock traded up $1.05 during mid-day trading on Thursday, hitting $104.36. The stock had a trading volume of 1,057,735 shares, compared to its average volume of 1,245,493. The firm has a 50-day moving average of $105.01 and a two-hundred day moving average of $99.88. Church & Dwight Co., Inc. has a 12-month low of $82.25 and a 12-month high of $108.68. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54. The firm has a market cap of $25.52 billion, a P/E ratio of 32.81, a price-to-earnings-growth ratio of 3.40 and a beta of 0.51.

Church & Dwight (NYSE:CHDGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 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 for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the business posted $0.85 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be given a $0.2838 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.14 annualized dividend and a yield of 1.09%. Church & Dwight’s dividend payout ratio is presently 35.87%.

About Church & Dwight

(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.

See Also

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Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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