Resona Asset Management Co. Ltd. Buys Shares of 164,356 Church & Dwight Co., Inc. (NYSE:CHD)

Resona Asset Management Co. Ltd. purchased a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 164,356 shares of the company’s stock, valued at approximately $17,243,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CHD. Lake Street Advisors Group LLC boosted its holdings in Church & Dwight by 3.7% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,692 shares of the company’s stock valued at $282,000 after purchasing an additional 97 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Church & Dwight by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,005 shares of the company’s stock valued at $2,199,000 after acquiring an additional 103 shares during the last quarter. Whittier Trust Co. grew its position in Church & Dwight by 3.2% in the fourth quarter. Whittier Trust Co. now owns 3,295 shares of the company’s stock worth $345,000 after acquiring an additional 103 shares during the period. HCR Wealth Advisors increased its stake in Church & Dwight by 0.9% during the fourth quarter. HCR Wealth Advisors now owns 11,754 shares of the company’s stock worth $1,231,000 after acquiring an additional 106 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its position in Church & Dwight by 0.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 12,124 shares of the company’s stock valued at $1,270,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the transaction, the executive vice president now owns 10,497 shares of the company’s stock, valued at $1,217,442.06. This represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Rene Hemsey sold 11,060 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 6,437 shares of the company’s stock, valued at approximately $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 have sold 65,570 shares of company stock worth $7,538,449. Company insiders own 2.00% of the company’s stock.

Church & Dwight Trading Down 4.3 %

Shares of CHD stock opened at $105.98 on Friday. The company has a market capitalization of $26.08 billion, a P/E ratio of 44.72, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $107.89 and its two-hundred day moving average is $106.10. Church & Dwight Co., Inc. has a twelve month low of $96.35 and a twelve month high of $116.46.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, meeting 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 previous year, the company posted $0.65 EPS. Equities analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s payout ratio is currently 49.79%.

Analyst Upgrades and Downgrades

CHD has been the subject of a number of research analyst reports. Barclays increased their price target on Church & Dwight from $93.00 to $97.00 and gave the stock an “underweight” rating in a report on Thursday, March 27th. Truist Financial boosted their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Wells Fargo & Company lifted their target price on shares of Church & Dwight from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $105.00 price target on shares of Church & Dwight in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.