Daiwa Securities Group Inc. Purchases 1,994 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Daiwa Securities Group Inc. lifted its position in Church & Dwight Co., Inc. (NYSE:CHD) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,349 shares of the company’s stock after acquiring an additional 1,994 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Church & Dwight were worth $2,113,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CHD. Chilton Capital Management LLC raised its holdings in Church & Dwight by 50.0% in the fourth 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. Global Retirement Partners LLC raised its holdings in Church & Dwight by 14.7% in the fourth quarter. Global Retirement Partners LLC now owns 883 shares of the company’s stock worth $87,000 after purchasing an additional 113 shares in the last quarter. Gateway Advisory LLC raised its holdings in Church & Dwight by 4.4% in the third quarter. Gateway Advisory LLC now owns 2,855 shares of the company’s stock worth $262,000 after purchasing an additional 120 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in Church & Dwight by 2.1% in the third quarter. Sunbelt Securities Inc. now owns 6,580 shares of the company’s stock worth $603,000 after purchasing an additional 137 shares in the last quarter. Finally, Apeiron RIA LLC raised its holdings in Church & Dwight by 3.8% in the third quarter. Apeiron RIA LLC now owns 3,998 shares of the company’s stock worth $366,000 after purchasing an additional 147 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Price Performance

Shares of NYSE CHD opened at $105.95 on Tuesday. The business’s 50 day moving average price is $102.16 and its 200 day moving average price is $96.68. The firm has a market cap of $25.84 billion, a P/E ratio of 34.85, a P/E/G ratio of 3.46 and a beta of 0.53. Church & Dwight Co., Inc. has a 52 week low of $82.25 and a 52 week high of $106.62. The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of 0.57.

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

Church & Dwight Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were given a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.07%. The ex-dividend date was Wednesday, February 14th. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.27. Church & Dwight’s dividend payout ratio is currently 37.17%.

Analyst Upgrades and Downgrades

CHD has been the subject of a number of recent research reports. Truist Financial boosted their target price on shares of Church & Dwight from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Deutsche Bank Aktiengesellschaft boosted their price target on Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday. Stifel Nicolaus boosted their price target on Church & Dwight from $91.00 to $99.00 and gave the stock a “hold” rating in a research note on Monday, February 5th. JPMorgan Chase & Co. boosted their price target on Church & Dwight from $87.00 to $95.00 and gave the stock an “underweight” rating in a research note on Thursday, January 18th. Finally, The Goldman Sachs Group initiated coverage on Church & Dwight in a research note on Friday, March 1st. They set a “buy” rating and a $110.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Church & Dwight presently has an average rating of “Hold” and a consensus price target of $103.40.

Insiders Place Their Bets

In other Church & Dwight news, CEO Matthew Farrell sold 275,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $103.83, for a total value of $28,553,250.00. Following the sale, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,703,613.77. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Penry W. Price sold 7,752 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $98.29, for a total transaction of $761,944.08. Following the completion of the transaction, the director now directly owns 25,692 shares of the company’s stock, valued at approximately $2,525,266.68. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Matthew Farrell sold 275,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $103.83, for a total value of $28,553,250.00. Following the transaction, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,703,613.77. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 373,052 shares of company stock worth $38,603,796. Corporate 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.