Boenning & Scattergood Inc. recently made a significant purchase in Church & Dwight Co., Inc., according to their recent filing with the Securities and Exchange Commission (SEC). The financial firm bought 2,175 shares of the company’s stock valued at $216,000 in the fourth quarter. This move comes as no surprise as this household and personal care product manufacturer has enjoyed steady investor confidence over the years.
But that’s not all. Church & Dwight recently announced a quarterly dividend that was paid on March 1st. Shareholders of record were granted a $0.2725 per share dividend, which is an increase from its previous payout ratio of $0.26 per share, ultimately resulting to an annualized dividend of $1.09 and a healthy dividend yield of 1.20%. All these figures show that the company remains attractive to investors who are keen on long-term growth prospects.
While Boenning & Scattergood might have made a significant purchase into the company, some insiders have been selling off their stock holdings lately. EVP Paul Richard Wood sold 48,262 shares of Church & Dwight stock worth more than $4 million last March 8th while Director Penry W. Price unloaded his 17,544 shares for over $1 million on February 28th This followed other insider sales worth more than $6 million in total over the past 90 days by various executives.
These insider sales sometimes raise concerns among less-experienced investors.While they may seem like red flags for some people who believe that those holding important positions within an organization buying up or keeping their stocks would indicate stronger confidence in their prospects; it’s worth acknowledging that insiders also understandably have access to exclusive information about their companies’ future plans and performance prospects before public disclosure.
Regardless, Church & Dwight remains attractive to many investors due to its steady performance and promising financial figures with Boenning & Scattergood as one notable addition to the company’s list of notable shareholders. As April 7, 2023 is the reference date for this article, it will likely be worthwhile to stay tuned for future updates on this evolving financial landscape.
Church & Dwight: A Stable Investment with Strong Growth Potential
Church & Dwight Co., Inc. is a global consumer products company with a market cap of $22.11 billion, specializing in household and personal care products such as Arm & Hammer, OxiClean, Trojan, and First Response. The company has recently caught the eye of several institutional investors who have bought and sold shares in the last quarter. Lindbrook Capital LLC raised its position in shares of Church & Dwight by 3%, while Apeiron RIA LLC increased its position by 3.8%. Diversified Trust Co also raised its position by 4.9%. Harrington Investments INC (0.4%) and Stokes Capital Advisors LLC (1.6%) both followed suit.
According to recent data from Bloomberg, Church & Dwight has an average rating of “Hold” and an average target price of $87.88, indicating neutral sentiment from Wall Street analysts. However, despite having received mixed ratings from analysts over the past few months, there have been some positive reviews for Church & Dwight as well. Wells Fargo raised their target price on Church & Dwight from $82 to $90 and gave the stock an “overweight” rating.
The business also recently announced a quarterly dividend payout on Wednesday, March 1st; this represents a boost from Church & Dwight’s previous quarterly dividend of $0.26 per share to a new amount of $0.2725 per share. Investors that were recorded for print at close-of-business February 15th were eligible for this dividend payout.
Shares of NYSE:CHD opened at $90.61 on Friday April 7th with a beta value of 0.46 which is relatively low compared to other stocks traded on NYSE resulting in lower relative volatility therefore being less risky than comparable stocks trading at larger numbers like Amazon or Tesla.
The company had revenue of $1.44 billion during the last quarter which exceeded analyst expectations by reaching $1.40 billion, and a net margin of 7.70%. Church & Dwight’s quarterly revenue was up by 4.9% YoY implying an optimistic overview for the company’s investors.
Overall, Church & Dwight has been dominating the household and personal care market with its flagship brands such as Arm & Hammer baking soda and Trojan unbreaking condoms that are so good they’ll probably ruin sex for you completely (Just kidding!). Its dedication to innovation ensures that it continues to fulfill evolving consumer demands while providing investors with healthy growth returns.