Tredje AP fonden Decreases Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Tredje AP fonden reduced its position in Church & Dwight Co., Inc. (NYSE:CHD) by 50.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,176 shares of the company’s stock after selling 19,175 shares during the quarter. Tredje AP fonden’s holdings in Church & Dwight were worth $2,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. YANKCOM Partnership purchased a new stake in Church & Dwight in the fourth quarter worth $25,000. Ashton Thomas Securities LLC purchased a new stake in Church & Dwight in the third quarter worth $28,000. Versant Capital Management Inc increased its position in 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. Bank of Jackson Hole Trust purchased a new stake in Church & Dwight in the fourth quarter worth $43,000. Finally, Golden State Wealth Management LLC purchased a new stake in Church & Dwight in the fourth quarter worth $51,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Church & Dwight

In related news, EVP Michael Read acquired 1,100 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the completion of the acquisition, the executive vice president now owns 2,505 shares in the company, valued at approximately $267,584.10. This represents a 78.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of Church & Dwight stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $106.11, for a total value of $1,061,100.00. Following the completion of the transaction, the director now owns 32,500 shares in the company, valued at approximately $3,448,575. This represents a 23.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,570 shares of company stock worth $8,599,549. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CHD. Barclays lifted their price target on Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a research report on Tuesday, February 4th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $105.00 price target on shares of Church & Dwight in a research report on Monday, February 3rd. Stifel Nicolaus lifted their price target on Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research report on Monday, February 3rd. Piper Sandler reduced their price target on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Church & Dwight currently has a consensus rating of “Hold” and a consensus target price of $111.56.

Church & Dwight Trading Down 0.6 %

Shares of CHD stock opened at $109.15 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average price of $106.84 and a two-hundred day moving average price of $105.65. Church & Dwight Co., Inc. has a 12-month low of $96.35 and a 12-month high of $116.46. The firm has a market cap of $26.85 billion, a P/E ratio of 46.05, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same quarter last year, the company earned $0.65 earnings per share. Equities analysts anticipate 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 issued a $0.295 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.18 annualized dividend and a dividend yield of 1.08%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s payout ratio is currently 49.79%.

About Church & Dwight

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.