Peapack Gladstone Financial Corp Increases Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Peapack Gladstone Financial Corp lifted its position in Church & Dwight Co., Inc. (NYSE:CHD) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,118 shares of the company’s stock after buying an additional 335 shares during the period. Peapack Gladstone Financial Corp’s holdings in Church & Dwight were worth $7,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. YANKCOM Partnership purchased a new position in Church & Dwight in the fourth quarter worth about $25,000. Versant Capital Management Inc boosted its holdings in shares of Church & Dwight by 224.4% in the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after buying an additional 184 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Church & Dwight in the fourth quarter worth approximately $39,000. Bank of Jackson Hole Trust purchased a new stake in Church & Dwight during the fourth quarter valued at approximately $43,000. Finally, Golden State Wealth Management LLC bought a new position in Church & Dwight in the fourth quarter worth approximately $51,000. Institutional investors own 86.60% of the company’s stock.

Insider Transactions at Church & Dwight

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the sale, the executive vice president now directly owns 10,497 shares of the company’s stock, valued at $1,217,442.06. This represents a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Rene Hemsey sold 11,060 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total value of $1,216,378.80. Following the transaction, the executive vice president now owns 6,437 shares of the company’s stock, valued at $707,941.26. This trade represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,570 shares of company stock worth $7,538,449. 2.00% of the stock is currently owned by company insiders.

Church & Dwight Stock Down 4.3 %

NYSE CHD opened at $105.98 on Monday. The stock has a 50 day moving average price of $107.89 and a 200-day moving average price of $106.13. Church & Dwight Co., Inc. has a one year low of $96.35 and a one year high of $116.46. The company has a market capitalization of $26.08 billion, a P/E ratio of 44.72, a P/E/G ratio of 3.32 and a beta of 0.55. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.77 EPS 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 company posted $0.65 earnings per share. As a group, 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. Stockholders of record on Friday, February 14th were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.11%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 49.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CHD shares. Stifel Nicolaus boosted their price objective on shares of Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research report on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $105.00 price target on shares of Church & Dwight in a research report on Monday, February 3rd. Barclays lifted their price objective on Church & Dwight from $93.00 to $97.00 and gave the company an “underweight” rating in a research report on Thursday, March 27th. Piper Sandler reduced their target price 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. Finally, Wells Fargo & Company lifted their price target on shares of Church & Dwight from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $112.13.

Church & Dwight Company 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.