NEOS Investment Management LLC Acquires 2,483 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

NEOS Investment Management LLC boosted its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 28.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,183 shares of the company’s stock after purchasing an additional 2,483 shares during the period. NEOS Investment Management LLC’s holdings in Church & Dwight were worth $1,171,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 54,510 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the sale, the executive vice president now directly owns 10,497 shares in the company, valued at approximately $1,217,442.06. This trade represents a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Rene Hemsey sold 11,060 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 6,437 shares in the company, valued at approximately $707,941.26. This represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,570 shares of company stock valued at $7,538,449. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on CHD. Piper Sandler lowered their price target on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Stifel Nicolaus increased 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 reissued a “sector perform” rating and issued a $105.00 target price on shares of Church & Dwight in a research note on Monday, February 3rd. Truist Financial increased their price objective on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their target price on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $111.81.

Church & Dwight Stock Up 0.7 %

NYSE:CHD opened at $109.14 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’s 50-day moving average price is $107.65 and its 200-day moving average price is $105.93. The company has a market capitalization of $26.86 billion, a PE ratio of 46.05, a P/E/G ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a 1-year low of $96.35 and a 1-year high of $116.46.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same period in the previous year, the firm earned $0.65 EPS. On average, equities analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.295 per share. This is a boost 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 dividend on an annualized basis and a yield of 1.08%. Church & Dwight’s payout ratio is presently 49.79%.

Church & Dwight 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.