Swedbank AB Raises Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Swedbank AB increased its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 19.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 147,868 shares of the company’s stock after purchasing an additional 24,161 shares during the quarter. Swedbank AB’s holdings in Church & Dwight were worth $15,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Game Plan Financial Advisors LLC purchased a new position in shares of Church & Dwight during the first quarter valued at approximately $26,000. Crewe Advisors LLC bought a new position in shares of Church & Dwight during the 1st quarter valued at $28,000. Roble Belko & Company Inc purchased a new position in shares of Church & Dwight in the 1st quarter worth $31,000. Rothschild Investment LLC bought a new stake in shares of Church & Dwight in the second quarter worth $31,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Church & Dwight during the second quarter valued at $33,000. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Trading Up 0.3 %

CHD stock opened at $104.98 on Friday. The firm has a market cap of $25.67 billion, a PE ratio of 33.33, a price-to-earnings-growth ratio of 3.81 and a beta of 0.54. The firm has a fifty day moving average price of $102.67 and a 200 day moving average price of $104.04. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.53. Church & Dwight Co., Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $110.31.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.09. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 EPS. Sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were given a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, August 15th. Church & Dwight’s dividend payout ratio is currently 35.87%.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Barry A. Bruno sold 59,328 shares of Church & Dwight stock in a transaction on Monday, August 5th. The shares were sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the completion of the transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at $429,179.03. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on CHD. Morgan Stanley downgraded Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target for the company. in a research note on Monday, September 9th. Wells Fargo & Company reduced their target price on shares of Church & Dwight from $116.00 to $108.00 and set an “overweight” rating for the company in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of Church & Dwight from $97.00 to $98.00 and gave the stock an “underweight” rating in a research note on Friday, October 11th. TD Cowen initiated coverage on Church & Dwight in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 price objective for the company. Finally, Barclays boosted their price target on Church & Dwight from $82.00 to $86.00 and gave the company an “underweight” rating in a report on Friday, October 11th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $107.50.

Church & Dwight 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.