Forsta AP Fonden Grows Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Forsta AP Fonden lifted its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,000 shares of the company’s stock after purchasing an additional 300 shares during the period. Forsta AP Fonden’s holdings in Church & Dwight were worth $9,319,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Holocene Advisors LP purchased a new stake in shares of Church & Dwight in the 3rd quarter worth about $104,795,000. State Street Corp grew its holdings in Church & Dwight by 8.0% in the third quarter. State Street Corp now owns 13,116,334 shares of the company’s stock worth $1,373,542,000 after purchasing an additional 969,006 shares during the period. World Investment Advisors LLC bought a new position in shares of Church & Dwight during the third quarter valued at approximately $58,338,000. Barclays PLC lifted its holdings in shares of Church & Dwight by 63.9% during the third quarter. Barclays PLC now owns 1,106,131 shares of the company’s stock valued at $115,832,000 after purchasing an additional 431,257 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Church & Dwight by 5.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock worth $839,472,000 after purchasing an additional 429,863 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

Church & Dwight Stock Up 0.3 %

Shares of NYSE CHD opened at $107.14 on Friday. The stock has a market capitalization of $26.25 billion, a PE ratio of 48.05, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 12-month low of $96.09 and a 12-month high of $113.50. The stock’s fifty day simple moving average is $106.54 and its two-hundred day simple moving average is $104.16.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the firm earned $0.74 earnings per share. Church & Dwight’s revenue was up 3.8% compared to the same quarter last year. As a group, analysts expect that Church & Dwight Co., Inc. will post 3.44 EPS for the current fiscal year.

Insider Buying and Selling at Church & Dwight

In related news, EVP Rick Spann sold 39,520 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $112.00, for a total value of $4,426,240.00. Following the completion of the transaction, the executive vice president now owns 4,973 shares in the company, valued at $556,976. This trade represents a 88.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Joseph James Longo sold 7,780 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $112.44, for a total value of $874,783.20. Following the sale, the chief accounting officer now owns 400 shares in the company, valued at approximately $44,976. The trade was a 95.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 593,035 shares of company stock worth $62,282,808. 2.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CHD has been the subject of a number of analyst reports. Piper Sandler raised their price objective on shares of Church & Dwight from $124.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Wells Fargo & Company upped their price objective on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their price target on Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. TD Cowen lifted their price objective on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft raised 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $110.61.

Church & Dwight 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.