Skandinaviska Enskilda Banken AB publ decreased its position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 33.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 177,606 shares of the company’s stock after selling 87,862 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.07% of Church & Dwight worth $15,564,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Texas Yale Capital Corp. grew its position in Church & Dwight by 14.5% in the third quarter. Texas Yale Capital Corp. now owns 12,225 shares of the company’s stock worth $1,071,000 after acquiring an additional 1,550 shares in the last quarter. Tobam boosted its holdings in Church & Dwight by 11.7% in the third quarter. Tobam now owns 85,412 shares of the company’s stock worth $7,485,000 after purchasing an additional 8,944 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Church & Dwight by 3.0% in the third quarter. JPMorgan Chase & Co. now owns 6,136,330 shares of the company’s stock worth $537,736,000 after purchasing an additional 175,960 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in Church & Dwight by 1.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 81,010 shares of the company’s stock worth $7,099,000 after buying an additional 781 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Church & Dwight by 1.1% during the third quarter. PNC Financial Services Group Inc. now owns 517,685 shares of the company’s stock valued at $45,365,000 after buying an additional 5,675 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.
Church & Dwight Price Performance
NYSE:CHD opened at $100.01 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.07 and a quick ratio of 0.71. Church & Dwight Co., Inc. has a one year low of $81.33 and a one year high of $116.46. The company has a fifty day moving average price of $90.32 and a 200 day moving average price of $89.14. The stock has a market cap of $23.67 billion, a P/E ratio of 33.12, a PEG ratio of 3.74 and a beta of 0.46.
Church & Dwight Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be given a dividend of $0.3075 per share. This is a boost from Church & Dwight’s previous quarterly dividend of $0.30. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, February 13th. Church & Dwight’s dividend payout ratio (DPR) is presently 40.73%.
Insider Activity
In other Church & Dwight news, Director Janet S. Vergis sold 12,960 shares of Church & Dwight stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $101.00, for a total transaction of $1,308,960.00. Following the sale, the director owned 17,102 shares in the company, valued at $1,727,302. The trade was a 43.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.20% of the company’s stock.
Analyst Upgrades and Downgrades
CHD has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded Church & Dwight from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $92.00 to $100.00 in a research note on Monday, February 2nd. Jefferies Financial Group upped their target price on Church & Dwight from $102.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Argus lowered their price target on Church & Dwight from $110.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, December 4th. Wells Fargo & Company set a $110.00 price objective on shares of Church & Dwight in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $100.00 price objective (down from $102.00) on shares of Church & Dwight in a report on Wednesday, December 10th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $101.00.
Check Out Our Latest Analysis on Church & Dwight
About Church & Dwight
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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