Wellington Management Group LLP Purchases 23,801 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Wellington Management Group LLP grew its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 601.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,756 shares of the company’s stock after purchasing an additional 23,801 shares during the quarter. Wellington Management Group LLP’s holdings in Church & Dwight were worth $2,543,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CHD. Covestor Ltd raised its holdings in Church & Dwight by 82.2% during the 2nd quarter. Covestor Ltd now owns 359 shares of the company’s stock worth $36,000 after purchasing an additional 162 shares during the last quarter. Koesten Hirschmann & Crabtree INC. bought a new position in Church & Dwight during the 3rd quarter worth approximately $38,000. PSI Advisors LLC bought a new position in Church & Dwight during the 3rd quarter worth approximately $39,000. Money Concepts Capital Corp raised its holdings in Church & Dwight by 468.2% during the 4th quarter. Money Concepts Capital Corp now owns 625 shares of the company’s stock worth $50,000 after purchasing an additional 515 shares during the last quarter. Finally, ST Germain D J Co. Inc. bought a new stake in shares of Church & Dwight in the 2nd quarter valued at $59,000. Institutional investors own 86.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of Church & Dwight from $94.00 to $103.00 and gave the company a “sector perform” rating in a research note on Monday, February 5th. The Goldman Sachs Group assumed coverage on shares of Church & Dwight in a research note on Friday, March 1st. They issued a “buy” rating and a $110.00 price objective for the company. Truist Financial lifted their price objective on shares of Church & Dwight from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Argus upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Friday, February 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Church & Dwight from $87.00 to $95.00 and gave the company an “underweight” rating in a research note on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $102.80.

Insider Buying and Selling

In related news, EVP Rene Hemsey sold 9,280 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total value of $930,041.60. Following the transaction, the executive vice president now directly owns 6,373 shares of the company’s stock, valued at approximately $638,702.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Matthew Farrell sold 275,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $103.83, for a total value of $28,553,250.00. Following the transaction, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at approximately $11,703,613.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Rene Hemsey sold 9,280 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the sale, the executive vice president now directly owns 6,373 shares in the company, valued at $638,702.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 373,052 shares of company stock valued at $38,603,796. 2.00% of the stock is owned by insiders.

Church & Dwight Price Performance

CHD opened at $104.22 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.64. The company has a market capitalization of $25.42 billion, a price-to-earnings ratio of 34.28, a P/E/G ratio of 3.54 and a beta of 0.53. The firm’s fifty day moving average price is $100.64 and its two-hundred day moving average price is $95.41. Church & Dwight Co., Inc. has a 1 year low of $82.25 and a 1 year high of $105.67.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, February 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.65. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 EPS. As a group, analysts anticipate that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were issued a $0.2838 dividend. This is an increase from Church & Dwight’s previous quarterly dividend of $0.27. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Wednesday, February 14th. Church & Dwight’s payout ratio is 37.17%.

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.