Handelsbanken Fonder AB Has $14.16 Million Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Handelsbanken Fonder AB trimmed its position in Church & Dwight Co., Inc. (NYSE:CHD) by 33.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 149,767 shares of the company’s stock after selling 74,008 shares during the period. Handelsbanken Fonder AB’s holdings in Church & Dwight were worth $14,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHD. Chilton Capital Management LLC grew its holdings in shares of Church & Dwight by 50.0% during the 4th quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after purchasing an additional 110 shares in the last quarter. Annapolis Financial Services LLC grew its holdings in shares of Church & Dwight by 2,087.5% during the 4th quarter. Annapolis Financial Services LLC now owns 350 shares of the company’s stock worth $33,000 after purchasing an additional 334 shares in the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Church & Dwight during the 3rd quarter worth $38,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Church & Dwight during the 4th quarter worth $62,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Church & Dwight by 74.7% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 685 shares of the company’s stock worth $65,000 after purchasing an additional 293 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHD has been the topic of several research analyst reports. The Goldman Sachs Group initiated coverage on Church & Dwight in a research note on Friday, March 1st. They issued a “buy” rating and a $110.00 price objective on the stock. Royal Bank of Canada raised their price objective on Church & Dwight from $94.00 to $103.00 and gave the company a “sector perform” rating in a research note on Monday, February 5th. TheStreet upgraded Church & Dwight from a “c+” rating to a “b” rating in a research report on Friday, February 2nd. Truist Financial increased their target price on Church & Dwight from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, Oppenheimer increased their target price on Church & Dwight from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $104.07.

Church & Dwight Trading Up 0.7 %

Shares of CHD stock opened at $106.68 on Wednesday. The company has a market cap of $26.02 billion, a P/E ratio of 35.09, a PEG ratio of 3.52 and a beta of 0.53. The stock has a 50 day simple moving average of $102.34 and a two-hundred day simple moving average of $96.83. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.64 and a current ratio of 1.08. Church & Dwight Co., Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $107.42.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, February 2nd. The company reported $0.65 EPS for the quarter, meeting analysts’ consensus estimates of $0.65. Church & Dwight had a return on equity of 20.28% and a net margin of 12.88%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the firm posted $0.62 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. Research analysts forecast that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current year.

Church & Dwight Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were paid a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Wednesday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.27. Church & Dwight’s dividend payout ratio (DPR) is 37.17%.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Michael Read sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $105.00, for a total value of $472,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Barry A. Bruno sold 9,926 shares of Church & Dwight stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the sale, the executive vice president now directly owns 4,319 shares in the company, valued at $451,551.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Read sold 4,500 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $105.00, for a total value of $472,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 373,052 shares of company stock valued at $38,603,796. Company insiders own 1.40% of the company’s stock.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.