Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. trimmed its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 14.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,020 shares of the company’s stock after selling 1,360 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Church & Dwight were worth $840,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Church & Dwight by 63.9% during the 3rd quarter. Barclays PLC now owns 1,106,131 shares of the company’s stock worth $115,832,000 after buying an additional 431,257 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Church & Dwight in the third quarter valued at $58,338,000. Wilmington Savings Fund Society FSB boosted its position in shares of Church & Dwight by 25.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 76,404 shares of the company’s stock worth $8,001,000 after purchasing an additional 15,598 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Church & Dwight by 5.2% during the 3rd quarter. Tidal Investments LLC now owns 18,000 shares of the company’s stock worth $1,885,000 after purchasing an additional 896 shares during the period. Finally, Synovus Financial Corp increased its holdings in shares of Church & Dwight by 6.7% in the 3rd quarter. Synovus Financial Corp now owns 19,556 shares of the company’s stock valued at $2,048,000 after purchasing an additional 1,221 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CHD. Bank of America raised shares of Church & Dwight from a “neutral” rating to a “buy” rating and increased their target price for the company from $112.00 to $125.00 in a report on Tuesday, April 15th. Stifel Nicolaus lifted their price objective on Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a report on Monday, February 3rd. Truist Financial upped their target price on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Barclays cut their price target on Church & Dwight from $97.00 to $94.00 and set an “underweight” rating for the company in a research note on Friday, April 11th. Finally, UBS Group raised their target price on shares of Church & Dwight from $109.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $112.59.

Church & Dwight Trading Down 2.1 %

Shares of CHD opened at $103.17 on Tuesday. Church & Dwight Co., Inc. has a fifty-two week low of $96.35 and a fifty-two week high of $116.46. The company has a market capitalization of $25.39 billion, a PE ratio of 43.53, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55. The stock has a fifty day moving average of $107.17 and a two-hundred day moving average of $106.15. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting 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 period last year, the company earned $0.65 earnings per share. As a group, analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors 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 1.14%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 14th. Church & Dwight’s payout ratio is presently 49.79%.

Insider Buying and Selling

In other 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 completion of the sale, the executive vice president now directly owns 10,497 shares in the company, valued at $1,217,442.06. This represents a 83.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Rene Hemsey sold 11,060 shares of Church & Dwight 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 transaction, the executive vice president now owns 6,437 shares in the company, valued at $707,941.26. The trade was a 63.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,570 shares of company stock valued at $7,538,449. Insiders own 2.00% of the company’s stock.

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.