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

Nomura Asset Management Co. Ltd. grew its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 471,650 shares of the company's stock after acquiring an additional 27,662 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.19% of Church & Dwight worth $49,386,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. YANKCOM Partnership bought a new position in Church & Dwight during the fourth quarter valued at approximately $25,000. Versant Capital Management Inc grew its holdings in shares of Church & Dwight by 224.4% during the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company's stock valued at $28,000 after purchasing an additional 184 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in Church & Dwight in the 4th quarter worth $39,000. Bank of Jackson Hole Trust bought a new stake in Church & Dwight in the fourth quarter worth $43,000. Finally, Golden State Wealth Management LLC purchased a new stake in Church & Dwight during the fourth quarter valued at about $51,000. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Stock Performance

Shares of NYSE CHD traded down $1.27 during trading on Wednesday, hitting $108.20. The company had a trading volume of 867,606 shares, compared to its average volume of 1,466,562. 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 12 month low of $96.35 and a 12 month high of $116.46. The firm has a market capitalization of $26.63 billion, a P/E ratio of 45.65, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. The stock has a 50 day simple moving average of $107.78 and a 200 day simple moving average of $106.04.

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

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.295 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Church & Dwight's previous quarterly dividend of $0.28. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.09%. Church & Dwight's dividend payout ratio (DPR) is 49.79%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CHD. Royal Bank of Canada restated a "sector perform" rating and issued a $105.00 target price on shares of Church & Dwight in a report on Monday, February 3rd. Stifel Nicolaus raised their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a "hold" rating in a report on Monday, February 3rd. Piper Sandler lowered their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Truist Financial increased their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Finally, Barclays upped their price target on Church & Dwight from $93.00 to $97.00 and gave the company an "underweight" rating in a research report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $112.13.

Insider Buying and Selling

In other news, EVP Rene Hemsey sold 11,060 shares of Church & Dwight 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 transaction, the executive vice president now owns 6,437 shares in the company, valued at approximately $707,941.26. The trade was a 63.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the business's stock in a transaction that occurred 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,570 shares of company stock worth $7,538,449. Insiders own 2.00% of the company's stock.

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.