Nomura Asset Management Co. Ltd. Buys 35,635 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Nomura Asset Management Co. Ltd. grew its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 8.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 443,988 shares of the company's stock after acquiring an additional 35,635 shares during the period. Nomura Asset Management Co. Ltd. owned 0.18% of Church & Dwight worth $46,494,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Amalgamated Bank raised its position in Church & Dwight by 0.8% in the third quarter. Amalgamated Bank now owns 50,056 shares of the company's stock valued at $5,242,000 after purchasing an additional 394 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Church & Dwight by 74.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 67,823 shares of the company's stock valued at $7,032,000 after buying an additional 28,986 shares during the last quarter. Addenda Capital Inc. boosted its position in Church & Dwight by 12.7% during the 2nd quarter. Addenda Capital Inc. now owns 56,723 shares of the company's stock worth $5,881,000 after buying an additional 6,389 shares during the period. Hsbc Holdings PLC grew its holdings in Church & Dwight by 12.4% during the 2nd quarter. Hsbc Holdings PLC now owns 803,588 shares of the company's stock worth $83,249,000 after acquiring an additional 88,580 shares during the last quarter. Finally, Citigroup Inc. increased its position in Church & Dwight by 9.1% in the 3rd quarter. Citigroup Inc. now owns 337,738 shares of the company's stock valued at $35,368,000 after acquiring an additional 28,129 shares during the period. Institutional investors and hedge funds own 86.60% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CHD shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a "buy" rating in a report on Monday, November 4th. JPMorgan Chase & Co. lifted their target price on Church & Dwight from $98.00 to $99.00 and gave the stock an "underweight" rating in a report on Monday, November 4th. Piper Sandler assumed coverage on Church & Dwight in a research note on Tuesday, September 24th. They issued an "overweight" rating and a $120.00 price target for the company. Barclays cut their price objective on Church & Dwight from $86.00 to $85.00 and set an "underweight" rating on the stock in a research note on Tuesday, November 5th. Finally, TD Cowen increased their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Church & Dwight presently has a consensus rating of "Hold" and an average price target of $108.53.

Church & Dwight Stock Up 1.1 %

Church & Dwight stock traded up $1.19 during mid-day trading on Tuesday, reaching $107.08. The stock had a trading volume of 1,604,846 shares, compared to its average volume of 1,402,670. The firm has a market capitalization of $26.23 billion, a PE ratio of 48.01, a price-to-earnings-growth ratio of 3.92 and a beta of 0.57. Church & Dwight Co., Inc. has a fifty-two week low of $90.26 and a fifty-two week high of $113.50. The stock's 50-day simple moving average is $105.50 and its 200-day simple moving average is $104.40. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) 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 business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the firm posted $0.74 EPS. Church & Dwight's revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a $0.2838 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.06%. Church & Dwight's payout ratio is 50.67%.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, CAO Joseph James Longo sold 7,780 shares of the company'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 completion of the sale, the chief accounting officer now directly owns 400 shares of the company's stock, valued at approximately $44,976. This represents a 95.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Rick Spann sold 39,520 shares of the business's stock in a transaction that occurred 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. The trade was a 88.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 583,033 shares of company stock worth $61,221,493. Insiders own 1.40% of the company's stock.

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.