Nomura Asset Management Co. Ltd. Purchases 10,982 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Nomura Asset Management Co. Ltd. increased its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 374,721 shares of the company’s stock after purchasing an additional 10,982 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.15% of Church & Dwight worth $35,434,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in Church & Dwight by 89.1% in the third quarter. JPMorgan Chase & Co. now owns 6,027,312 shares of the company’s stock valued at $552,283,000 after acquiring an additional 2,839,783 shares during the last quarter. Norges Bank bought a new position in Church & Dwight in the fourth quarter valued at approximately $259,967,000. HighTower Advisors LLC boosted its stake in Church & Dwight by 99.6% in the third quarter. HighTower Advisors LLC now owns 526,591 shares of the company’s stock valued at $48,224,000 after acquiring an additional 262,801 shares during the last quarter. Corient Private Wealth LLC boosted its stake in Church & Dwight by 168.3% in the fourth quarter. Corient Private Wealth LLC now owns 377,739 shares of the company’s stock valued at $35,719,000 after acquiring an additional 236,966 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in Church & Dwight by 1,474.7% in the third quarter. Schroder Investment Management Group now owns 233,318 shares of the company’s stock valued at $21,379,000 after acquiring an additional 218,501 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Michael Read sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $100.95, for a total transaction of $908,550.00. Following the completion of the transaction, the executive vice president now directly owns 10,325 shares in the company, valued at approximately $1,042,308.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Michael Read sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $100.95, for a total transaction of $908,550.00. Following the completion of the transaction, the executive vice president now directly owns 10,325 shares in the company, valued at approximately $1,042,308.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Brian D. Buchert sold 12,120 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $102.84, for a total transaction of $1,246,420.80. Following the transaction, the executive vice president now owns 6,120 shares of the company’s stock, valued at $629,380.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 376,972 shares of company stock worth $39,133,366. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Stock Performance

Church & Dwight stock traded up $0.05 during midday trading on Friday, hitting $106.47. The company’s stock had a trading volume of 770,768 shares, compared to its average volume of 1,102,649. Church & Dwight Co., Inc. has a 1-year low of $82.25 and a 1-year high of $108.68. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.82. The company has a 50-day moving average price of $104.98 and a two-hundred day moving average price of $99.56. The company has a market cap of $26.03 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 3.47 and a beta of 0.51.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.10. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the company earned $0.85 EPS. The business’s revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current year.

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Tuesday, May 14th. Church & Dwight’s payout ratio is presently 35.87%.

Analyst Ratings Changes

Several equities research analysts have weighed in on CHD shares. TheStreet upgraded shares of Church & Dwight from a “c+” rating to a “b” rating in a report on Friday, February 2nd. Evercore ISI raised their price objective on shares of Church & Dwight from $107.00 to $110.00 and gave the stock an “in-line” rating in a report on Friday, May 3rd. The Goldman Sachs Group initiated coverage on shares of Church & Dwight in a report on Friday, March 1st. They set a “buy” rating and a $110.00 price objective on the stock. Truist Financial lifted their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, UBS Group lifted their price target on shares of Church & Dwight from $99.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $105.56.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.