Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd decreased its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 13.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,860 shares of the company's stock after selling 7,784 shares during the quarter. Dai ichi Life Insurance Company Ltd's holdings in Church & Dwight were worth $5,326,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake in Church & Dwight by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 392,168 shares of the company's stock valued at $40,908,000 after purchasing an additional 1,335 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Church & Dwight by 57.9% during the 1st quarter. Janus Henderson Group PLC now owns 59,844 shares of the company's stock worth $6,239,000 after acquiring an additional 21,949 shares in the last quarter. California State Teachers Retirement System boosted its stake in Church & Dwight by 0.6% in the first quarter. California State Teachers Retirement System now owns 391,974 shares of the company's stock valued at $40,887,000 after acquiring an additional 2,359 shares in the last quarter. Tidal Investments LLC increased its position in shares of Church & Dwight by 160.1% during the first quarter. Tidal Investments LLC now owns 23,530 shares of the company's stock worth $2,454,000 after purchasing an additional 14,483 shares in the last quarter. Finally, Garner Asset Management Corp boosted its position in shares of Church & Dwight by 5.1% in the 1st quarter. Garner Asset Management Corp now owns 2,058 shares of the company's stock worth $215,000 after purchasing an additional 100 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CHD. TD Cowen boosted their price target on Church & Dwight from $114.00 to $117.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Truist Financial decreased their price target on shares of Church & Dwight from $115.00 to $110.00 and set a "buy" rating for the company in a report on Monday, August 5th. Morgan Stanley lowered shares of Church & Dwight from an "overweight" rating to an "equal weight" rating and set a $110.00 price objective on the stock. in a report on Monday, September 9th. Wells Fargo & Company raised their target price on Church & Dwight from $113.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Church & Dwight from $114.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Church & Dwight presently has an average rating of "Hold" and an average target price of $108.53.

Church & Dwight Trading Down 0.0 %

NYSE CHD traded down $0.04 during trading hours on Wednesday, hitting $110.34. 1,053,981 shares of the company's stock were exchanged, compared to its average volume of 1,399,762. Church & Dwight Co., Inc. has a 12-month low of $90.26 and a 12-month high of $113.50. The business's 50 day moving average is $104.56 and its 200-day moving average is $104.29. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. The firm has a market capitalization of $27.03 billion, a P/E ratio of 49.48, a price-to-earnings-growth ratio of 4.04 and a beta of 0.55.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. Church & Dwight's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 earnings per share. As a group, analysts anticipate that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, November 15th. Church & Dwight's payout ratio is currently 50.67%.

Insider Buying and Selling at Church & Dwight

In other news, EVP Maynadier Patrick D. De sold 45,120 shares of the firm's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $112.19, for a total value of $5,062,012.80. Following the transaction, the executive vice president now owns 10,325 shares of the company's stock, valued at approximately $1,158,361.75. This trade represents a 81.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Joseph James Longo sold 7,780 shares of the firm'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 transaction, the chief accounting officer now directly owns 400 shares in the company, valued at $44,976. This trade represents a 95.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 543,513 shares of company stock valued at $56,795,253. 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.