Church & Dwight Co., Inc. (NYSE:CHD) is Tobam’s 7th Largest Position

Tobam cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 46.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,673 shares of the company’s stock after selling 56,691 shares during the quarter. Church & Dwight makes up approximately 2.2% of Tobam’s portfolio, making the stock its 7th largest holding. Tobam’s holdings in Church & Dwight were worth $6,981,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHD. Global X Japan Co. Ltd. grew its position in shares of Church & Dwight by 20.6% during the 4th quarter. Global X Japan Co. Ltd. now owns 5,069 shares of the company’s stock valued at $531,000 after purchasing an additional 865 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Church & Dwight by 12.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 37,469 shares of the company’s stock valued at $3,923,000 after buying an additional 4,234 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Church & Dwight in the 4th quarter worth approximately $39,000. YANKCOM Partnership bought a new stake in Church & Dwight in the fourth quarter worth $25,000. Finally, Bleakley Financial Group LLC boosted its holdings in Church & Dwight by 1.3% during the 4th quarter. Bleakley Financial Group LLC now owns 27,159 shares of the company’s stock valued at $2,844,000 after acquiring an additional 346 shares during the period. Institutional investors own 86.60% of the company’s stock.

Insider Transactions at Church & Dwight

In other Church & Dwight news, EVP Michael Read purchased 1,100 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average price of $106.82 per share, with a total value of $117,502.00. Following the acquisition, the executive vice president now owns 2,505 shares in the company, valued at approximately $267,584.10. The trade was a 78.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bradley C. Irwin sold 13,200 shares of Church & Dwight stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $107.44, for a total value of $1,418,208.00. Following the completion of the transaction, the director now owns 37,169 shares of the company’s stock, valued at approximately $3,993,437.36. This trade represents a 26.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 115,622 shares of company stock valued at $12,842,559 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Church & Dwight Price Performance

Shares of NYSE:CHD opened at $105.32 on Friday. The firm’s 50 day simple moving average is $106.07 and its two-hundred day simple moving average is $104.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The company has a market capitalization of $25.80 billion, a P/E ratio of 44.44, a P/E/G ratio of 3.28 and a beta of 0.59. Church & Dwight Co., Inc. has a 1-year low of $96.09 and a 1-year high of $113.50.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, hitting the consensus estimate 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 prior year, the company posted $0.65 earnings per share. Research analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $0.295 dividend. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Friday, February 14th. Church & Dwight’s payout ratio is currently 47.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CHD shares. Royal Bank of Canada reissued a “sector perform” rating and set a $105.00 price target on shares of Church & Dwight in a research report on Monday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company raised their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. TD Cowen boosted their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. increased 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, January 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $111.53.

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, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.