Pittenger & Anderson Inc. Has $7.28 Million Position in Church & Dwight Co., Inc. (NYSE:CHD)

Pittenger & Anderson Inc. lessened its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,016 shares of the company’s stock after selling 601 shares during the period. Pittenger & Anderson Inc.’s holdings in Church & Dwight were worth $7,283,000 at the end of the most recent quarter.

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

Church & Dwight Trading Down 0.4 %

NYSE:CHD traded down $0.43 during trading hours on Friday, hitting $106.82. The stock had a trading volume of 407,926 shares, compared to its average volume of 1,266,712. The business’s 50 day moving average is $102.74 and its 200-day moving average is $96.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.64 and a current ratio of 1.08. The company has a market cap of $26.05 billion, a price-to-earnings ratio of 35.28, a P/E/G ratio of 3.59 and a beta of 0.53. Church & Dwight Co., Inc. has a one year low of $82.25 and a one year high of $108.10.

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

Church & Dwight Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were given a $0.2838 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.27. This represents a $1.14 annualized dividend and a dividend yield of 1.06%. Church & Dwight’s payout ratio is currently 37.17%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Barclays upped their price target on shares of Church & Dwight from $80.00 to $83.00 and gave the stock an “underweight” rating in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Church & Dwight from $109.00 to $112.00 and gave the company a “buy” rating in a research note on Monday. Bank of America upped their price objective on Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Stifel Nicolaus lifted their target price on Church & Dwight from $91.00 to $99.00 and gave the company a “hold” rating in a research note on Monday, February 5th. Finally, Truist Financial boosted their target price on Church & Dwight from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $104.07.

Insider Buying and Selling

In other Church & Dwight news, EVP Barry A. Bruno sold 9,926 shares of Church & Dwight stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total value of $1,037,763.30. Following the transaction, the executive vice president now 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 accessible through this link. In other Church & Dwight news, CEO Matthew Farrell sold 275,000 shares of the business’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 sale, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,703,613.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Barry A. Bruno sold 9,926 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The disclosure for this sale can be found here. In the last three months, insiders sold 373,052 shares of company stock valued at $38,603,796. 2.00% of the stock is owned by corporate insiders.

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.