Sumitomo Mitsui DS Asset Management Company Ltd Buys 3,271 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 10.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,549 shares of the company’s stock after acquiring an additional 3,271 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Church & Dwight were worth $3,172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CHD. Chilton Capital Management LLC raised its stake in shares of Church & Dwight by 50.0% during the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock valued at $31,000 after acquiring an additional 110 shares in the last quarter. Annapolis Financial Services LLC raised its stake in Church & Dwight by 2,087.5% in the fourth quarter. Annapolis Financial Services LLC now owns 350 shares of the company’s stock worth $33,000 after buying an additional 334 shares in the last quarter. Koesten Hirschmann & Crabtree INC. bought a new position in Church & Dwight in the third quarter worth approximately $38,000. McGlone Suttner Wealth Management Inc. bought a new position in Church & Dwight in the fourth quarter worth approximately $62,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in Church & Dwight by 74.7% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 685 shares of the company’s stock worth $65,000 after buying an additional 293 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Price Performance

Shares of CHD opened at $106.68 on Wednesday. The firm has a market capitalization of $26.02 billion, a PE ratio of 35.09, a price-to-earnings-growth ratio of 3.52 and a beta of 0.53. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.64. Church & Dwight Co., Inc. has a 1-year low of $82.25 and a 1-year high of $107.42. The company’s fifty day moving average price is $102.34 and its 200-day moving average price is $96.83.

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

Church & Dwight Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were issued a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.06%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 14th. Church & Dwight’s dividend payout ratio is presently 37.17%.

Analyst Upgrades and Downgrades

CHD has been the subject of a number of recent research reports. Bank of America boosted their price objective on shares of Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Stifel Nicolaus boosted their price objective on shares of Church & Dwight from $91.00 to $99.00 and gave the stock a “hold” rating in a research note on Monday, February 5th. Barclays boosted their price objective on shares of Church & Dwight from $80.00 to $83.00 and gave the stock an “underweight” rating in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Truist Financial boosted their price objective on shares of Church & Dwight from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $104.07.

Insider Transactions at Church & Dwight

In other news, EVP Barry A. Bruno sold 9,926 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total value of $1,037,763.30. Following the completion of the sale, the executive vice president now owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Bradley C. Irwin sold 5,590 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $104.12, for a total value of $582,030.80. Following the completion of the sale, the director now owns 37,169 shares of the company’s stock, valued at approximately $3,870,036.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Barry A. Bruno sold 9,926 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the completion of the sale, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The disclosure for this sale can be found here. Insiders have sold a total of 373,052 shares of company stock valued at $38,603,796 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Church & Dwight Company Profile

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.