Spire Wealth Management Trims Position in Church & Dwight Co., Inc. (NYSE:CHD)

Spire Wealth Management lowered its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,011 shares of the company’s stock after selling 260 shares during the period. Spire Wealth Management’s holdings in Church & Dwight were worth $680,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CHD. Chilton Capital Management LLC raised its holdings in shares of Church & Dwight by 50.0% in the 4th quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after purchasing an additional 110 shares during the period. Annapolis Financial Services LLC increased its holdings in Church & Dwight by 2,087.5% in the 4th quarter. Annapolis Financial Services LLC now owns 350 shares of the company’s stock valued at $33,000 after purchasing an additional 334 shares in the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new position in Church & Dwight in the third quarter valued at about $38,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Church & Dwight during the fourth quarter worth about $62,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Church & Dwight by 74.7% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 685 shares of the company’s stock worth $65,000 after buying an additional 293 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CHD. Truist Financial raised their target price on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Evercore ISI boosted their target price on shares of Church & Dwight from $107.00 to $110.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. UBS Group raised their price target on shares of Church & Dwight from $99.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, February 5th. HSBC boosted their price objective on shares of Church & Dwight from $110.00 to $114.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Finally, Bank of America raised their target price on Church & Dwight from $100.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $105.56.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Michael Read sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $105.00, for a total value of $472,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Church & Dwight news, CEO Matthew Farrell sold 275,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 112,719 shares in the company, valued at $11,703,613.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Read sold 4,500 shares of Church & Dwight stock in a transaction on Monday, March 11th. The shares were sold at an average price of $105.00, for a total value of $472,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 376,972 shares of company stock worth $39,133,366 in the last ninety days. 1.40% of the stock is owned by insiders.

Church & Dwight Stock Performance

Shares of NYSE CHD opened at $107.04 on Friday. 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’s 50-day moving average price is $104.06 and its two-hundred day moving average price is $98.17. Church & Dwight Co., Inc. has a 52-week low of $82.25 and a 52-week high of $108.68. The stock has a market capitalization of $26.17 billion, a P/E ratio of 33.98, a P/E/G ratio of 3.47 and a beta of 0.51.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.10. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be issued a $0.2838 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.06%. Church & Dwight’s dividend payout ratio (DPR) is presently 35.87%.

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.