Atria Wealth Solutions Inc. Grows Position in Church & Dwight Co., Inc. (NYSE:CHD)

Atria Wealth Solutions Inc. raised its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 24.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 12,468 shares of the company’s stock after acquiring an additional 2,422 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Church & Dwight were worth $1,179,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CHD. Vanguard Group Inc. raised its holdings in shares of Church & Dwight by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 29,910,126 shares of the company’s stock valued at $2,740,665,000 after buying an additional 145,390 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Church & Dwight by 2.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,200,426 shares of the company’s stock valued at $751,405,000 after buying an additional 217,047 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Church & Dwight by 89.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,027,312 shares of the company’s stock valued at $552,283,000 after buying an additional 2,839,783 shares in the last quarter. Stifel Financial Corp grew its position in Church & Dwight by 0.7% during the 3rd quarter. Stifel Financial Corp now owns 4,310,580 shares of the company’s stock worth $394,982,000 after acquiring an additional 29,943 shares during the last quarter. Finally, Morgan Stanley grew its position in Church & Dwight by 1.9% during the 3rd quarter. Morgan Stanley now owns 3,291,982 shares of the company’s stock worth $301,645,000 after acquiring an additional 61,090 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Price Performance

Shares of CHD stock opened at $106.24 on Thursday. The stock has a market cap of $25.91 billion, a price-to-earnings ratio of 34.95, a PEG ratio of 3.61 and a beta of 0.51. The business’s fifty day moving average is $103.44 and its 200 day moving average is $97.59. Church & Dwight Co., Inc. has a twelve month low of $82.25 and a twelve month high of $108.68. The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of 0.57.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, February 2nd. The company reported $0.65 earnings per share for the quarter, hitting the consensus estimate of $0.65. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Church & Dwight had a return on equity of 20.28% and a net margin of 12.88%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 earnings per share. Research analysts expect that Church & Dwight Co., Inc. will post 3.44 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.07%. Church & Dwight’s payout ratio is 37.17%.

Insider Buying and Selling

In related news, EVP Barry A. Bruno sold 9,926 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total value of $1,037,763.30. Following the sale, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at $451,551.45. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Church & Dwight news, CEO Matthew Farrell sold 275,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $103.83, for a total value of $28,553,250.00. Following the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,703,613.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Barry A. Bruno sold 9,926 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total value of $1,037,763.30. Following the completion of the sale, the executive vice president now directly owns 4,319 shares in the company, valued at $451,551.45. The disclosure for this sale can be found here. Insiders have sold a total of 373,052 shares of company stock valued at $38,603,796 over the last ninety days. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CHD. Argus upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Friday, February 23rd. Truist Financial raised their price target on Church & Dwight from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. UBS Group raised their price target on Church & Dwight from $99.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Royal Bank of Canada raised their price target on Church & Dwight from $94.00 to $103.00 and gave the stock a “sector perform” rating in a research report on Monday, February 5th. Finally, Oppenheimer raised their price target on Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $104.07.

Church & Dwight 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.