Resona Asset Management Co. Ltd. Takes $17.24 Million Position in Church & Dwight Co., Inc. (NYSE:CHD)

Resona Asset Management Co. Ltd. bought a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 164,356 shares of the company's stock, valued at approximately $17,243,000. Resona Asset Management Co. Ltd. owned 0.07% of Church & Dwight as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, EVP Rene Hemsey sold 11,060 shares of the firm's 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 completion of the transaction, the executive vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the 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 of the company's stock, valued at approximately $1,217,442.06. The trade was a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,570 shares of company stock worth $7,538,449 over the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Stock Down 0.3 %

Shares of NYSE CHD traded down $0.29 during trading on Friday, reaching $103.48. The company had a trading volume of 395,119 shares, compared to its average volume of 1,499,683. The stock has a market cap of $25.47 billion, a PE ratio of 43.67, a P/E/G ratio of 3.32 and a beta of 0.55. 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 business's 50-day moving average is $107.32 and its 200 day moving average is $106.06. Church & Dwight Co., Inc. has a 12-month low of $96.35 and a 12-month high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its earnings results on Friday, January 31st. The company reported $0.77 earnings per share 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 firm posted $0.65 earnings per share. As a group, equities 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 declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 1.14%. The ex-dividend date was Friday, February 14th. This is a positive change from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's payout ratio is currently 49.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CHD. Barclays lifted 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. Wells Fargo & Company lifted their price target on Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Royal Bank of Canada reissued a "sector perform" rating and set a $105.00 price objective on shares of Church & Dwight in a report on Monday, February 3rd. Piper Sandler reduced their price target on shares of Church & Dwight from $128.00 to $126.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a report on Friday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $111.63.

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.