Financial Enhancement Group LLC Purchases 49,693 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Financial Enhancement Group LLC grew its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 456.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,585 shares of the company’s stock after buying an additional 49,693 shares during the quarter. Financial Enhancement Group LLC’s holdings in Church & Dwight were worth $6,232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CHD. Capital Performance Advisors LLP acquired a new position in Church & Dwight during the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC bought a new position in shares of Church & Dwight in the third quarter worth about $28,000. Versant Capital Management Inc lifted its position in shares of Church & Dwight by 224.4% during the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 184 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Church & Dwight during the second quarter valued at approximately $33,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Church & Dwight in the second quarter valued at approximately $46,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Trading Down 1.8 %

Shares of NYSE:CHD opened at $103.38 on Thursday. The firm has a market cap of $25.33 billion, a price-to-earnings ratio of 46.36, a PEG ratio of 3.12 and a beta of 0.58. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 12 month low of $96.09 and a 12 month high of $113.50. The company’s fifty day simple moving average is $106.82 and its 200 day simple moving average is $104.04.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 earnings per share. As a group, research analysts forecast that Church & Dwight Co., Inc. will post 3.44 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a dividend of $0.2838 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.10%. Church & Dwight’s dividend payout ratio is currently 50.67%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CHD shares. TD Cowen upped their price objective on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company raised their price target on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Piper Sandler raised their target price on shares of Church & Dwight from $124.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $110.44.

Insider Transactions at Church & Dwight

In related news, EVP Michael Read bought 1,100 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of $106.82 per share, with a total value of $117,502.00. Following the completion of the transaction, the executive vice president now owns 2,505 shares in the company, valued at $267,584.10. The trade was a 78.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $106.11, for a total value of $1,061,100.00. Following the transaction, the director now directly owns 32,500 shares of the company’s stock, valued at $3,448,575. This trade represents a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 593,035 shares of company stock valued at $62,282,808 over the last 90 days. 1.40% of the stock is owned by corporate insiders.

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.