Ontario Teachers Pension Plan Board Acquires New Position in Church & Dwight Co., Inc. (NYSE:CHD)

Ontario Teachers Pension Plan Board bought a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 14,323 shares of the company's stock, valued at approximately $1,500,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Church & Dwight in the fourth quarter valued at about $4,721,000. Optimize Financial Inc acquired a new stake in shares of Church & Dwight in the fourth quarter worth approximately $474,000. Townsquare Capital LLC increased its position in shares of Church & Dwight by 6.9% during the fourth quarter. Townsquare Capital LLC now owns 35,942 shares of the company's stock worth $3,764,000 after purchasing an additional 2,322 shares in the last quarter. Qtron Investments LLC raised its stake in Church & Dwight by 58.3% in the 4th quarter. Qtron Investments LLC now owns 9,035 shares of the company's stock valued at $946,000 after purchasing an additional 3,326 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in Church & Dwight by 41.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 32,674 shares of the company's stock valued at $3,421,000 after purchasing an additional 9,533 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Insider Activity at Church & Dwight

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the company's stock in a transaction that occurred on 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 owns 10,497 shares in the company, valued at $1,217,442.06. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Rene Hemsey sold 11,060 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was 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 owns 6,437 shares in the company, 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 65,570 shares of company stock valued at $7,538,449 in the last ninety days. Insiders own 1.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CHD shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. Piper Sandler decreased their target price on shares of Church & Dwight from $128.00 to $126.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their price target on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a report on Friday, April 11th. Barclays lowered their price objective on Church & Dwight from $97.00 to $94.00 and set an "underweight" rating on the stock in a research note on Friday, April 11th. Finally, Bank of America raised Church & Dwight from a "neutral" rating to a "buy" rating and raised their target price for the stock from $112.00 to $125.00 in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $112.59.

Church & Dwight Trading Down 1.0 %

Shares of CHD stock traded down $1.02 on Monday, hitting $104.35. The stock had a trading volume of 530,754 shares, compared to its average volume of 1,512,320. The firm has a market capitalization of $25.68 billion, a P/E ratio of 44.03, a P/E/G ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a 1 year low of $96.35 and a 1 year high of $116.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The company's 50 day moving average price is $107.23 and its 200-day moving average price is $106.13.

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, meeting 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 previous year, the company earned $0.65 EPS. 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 declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.13%. This is an increase from Church & Dwight's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight's dividend payout ratio is 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.