Nomura Asset Management Co. Ltd. Acquires 27,662 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Nomura Asset Management Co. Ltd. increased its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 6.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 471,650 shares of the company's stock after purchasing an additional 27,662 shares during the period. Nomura Asset Management Co. Ltd. owned 0.19% of Church & Dwight worth $49,386,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Board of the Pension Protection Fund acquired a new stake in shares of Church & Dwight during the 4th quarter valued at approximately $639,000. Oddo BHF Asset Management Sas acquired a new position in Church & Dwight during the 3rd quarter valued at approximately $5,934,000. American Century Companies Inc. grew its stake in Church & Dwight by 0.5% during the 4th quarter. American Century Companies Inc. now owns 1,426,177 shares of the company's stock worth $149,335,000 after buying an additional 6,425 shares during the last quarter. Financial Enhancement Group LLC increased its position in Church & Dwight by 456.2% in the fourth quarter. Financial Enhancement Group LLC now owns 60,585 shares of the company's stock worth $6,232,000 after buying an additional 49,693 shares during the period. Finally, Merit Financial Group LLC lifted its stake in Church & Dwight by 131.0% in the fourth quarter. Merit Financial Group LLC now owns 5,769 shares of the company's stock valued at $604,000 after buying an additional 3,272 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Stock Up 0.8 %

Shares of CHD traded up $0.90 during mid-day trading on Monday, reaching $110.01. The company's stock had a trading volume of 3,010,297 shares, compared to its average volume of 1,468,782. Church & Dwight Co., Inc. has a 1 year low of $96.35 and a 1 year high of $116.46. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The company has a market cap of $27.08 billion, a price-to-earnings ratio of 46.42, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. The business has a fifty day moving average of $107.65 and a 200 day moving average of $105.95.

Remove Ads

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same period in the prior year, the company posted $0.65 earnings per share. As a group, analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.07%. This is a positive change from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's dividend payout ratio (DPR) is 49.79%.

Analyst Ratings Changes

A number of analysts have recently weighed in on CHD shares. Stifel Nicolaus upped their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a "hold" rating in a research note on Monday, February 3rd. Piper Sandler decreased their price target on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on Church & Dwight from $107.00 to $106.00 and set an "underweight" rating on the stock in a research note on Friday, February 21st. Truist Financial raised their target price on Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $105.00 price target on shares of Church & Dwight in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Church & Dwight currently has an average rating of "Hold" and an average target price of $111.81.

Insider Activity

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

About Church & Dwight

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.