KLP Kapitalforvaltning AS Purchases New Stake in Church & Dwight Co., Inc. (NYSE:CHD)

KLP Kapitalforvaltning AS acquired a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 146,900 shares of the company's stock, valued at approximately $15,382,000. KLP Kapitalforvaltning AS owned about 0.06% of Church & Dwight as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHD. Sei Investments Co. grew its holdings in shares of Church & Dwight by 10.0% during the fourth quarter. Sei Investments Co. now owns 258,415 shares of the company's stock worth $27,058,000 after buying an additional 23,433 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Church & Dwight by 0.5% during the fourth quarter. American Century Companies Inc. now owns 1,426,177 shares of the company's stock valued at $149,335,000 after buying an additional 6,425 shares during the period. Mizuho Securities USA LLC boosted its position in Church & Dwight by 46.3% during the fourth quarter. Mizuho Securities USA LLC now owns 23,220 shares of the company's stock worth $2,431,000 after acquiring an additional 7,345 shares during the last quarter. Virtu Financial LLC purchased a new stake in Church & Dwight in the 4th quarter worth approximately $1,603,000. Finally, Millstone Evans Group LLC acquired a new position in Church & Dwight in the 4th quarter valued at $111,000. Hedge funds and other institutional investors own 86.60% of the company's stock.

Analyst Upgrades and Downgrades

CHD has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their price objective on Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on Church & Dwight from $107.00 to $106.00 and set an "underweight" rating for the company in a report on Friday, February 21st. Piper Sandler lowered their target price on shares of Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $105.00 price target on shares of Church & Dwight in a research note on Monday, February 3rd. Finally, Truist Financial boosted their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $111.81.

Remove Ads

Insider Activity

In other Church & Dwight news, EVP Rene Hemsey sold 11,060 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the transaction, the executive vice president now directly owns 6,437 shares in the company, valued at $707,941.26. This represents a 63.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the sale, the executive vice president now directly owns 10,497 shares of the company's stock, valued at $1,217,442.06. The trade was a 83.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,570 shares of company stock worth $7,538,449 over the last ninety days. Corporate insiders own 2.00% of the company's stock.

Church & Dwight Stock Up 0.7 %

Shares of NYSE:CHD traded up $0.75 during mid-day trading on Friday, hitting $109.14. 1,138,352 shares of the company traded hands, compared to its average volume of 1,462,618. The firm's 50 day simple moving average is $107.65 and its 200 day simple moving average is $105.93. The firm has a market cap of $26.86 billion, a P/E ratio of 46.05, a PEG ratio of 3.32 and a beta of 0.57. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. Church & Dwight Co., Inc. has a 52-week low of $96.35 and a 52-week high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter last year, the company earned $0.65 EPS. On average, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.295 dividend. This is a boost from Church & Dwight's previous quarterly dividend of $0.28. This represents a $1.18 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Friday, February 14th. Church & Dwight's dividend payout ratio is presently 49.79%.

Church & Dwight Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.