Dai ichi Life Insurance Company Ltd Has $6.51 Million Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Dai ichi Life Insurance Company Ltd raised its position in Church & Dwight Co., Inc. (NYSE:CHDFree Report) by 23.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,826 shares of the company’s stock after buying an additional 13,293 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Church & Dwight were worth $6,508,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chilton Capital Management LLC lifted its position in shares of Church & Dwight by 50.0% during the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after purchasing an additional 110 shares in the last quarter. Annapolis Financial Services LLC lifted its position in shares of Church & Dwight by 2,087.5% during the fourth quarter. Annapolis Financial Services LLC now owns 350 shares of the company’s stock worth $33,000 after purchasing an additional 334 shares in the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Church & Dwight during the third quarter worth approximately $38,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Church & Dwight during the fourth quarter worth approximately $62,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Church & Dwight by 74.7% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 685 shares of the company’s stock worth $65,000 after purchasing an additional 293 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Stock Performance

Shares of CHD traded up $0.32 during trading hours on Wednesday, hitting $107.38. The company had a trading volume of 155,104 shares, compared to its average volume of 1,242,487. The firm has a market cap of $26.26 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 3.47 and a beta of 0.51. The business has a fifty day moving average of $104.85 and a 200-day moving average of $99.24. Church & Dwight Co., Inc. has a 12 month low of $82.25 and a 12 month high of $108.68. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54.

Church & Dwight (NYSE:CHDGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, beating 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 company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. Equities analysts anticipate that Church & Dwight Co., Inc. will post 3.46 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be paid a $0.2838 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.06%. Church & Dwight’s payout ratio is currently 35.87%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CHD. Bank of America boosted their price target on shares of Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Royal Bank of Canada boosted their price target on shares of Church & Dwight from $94.00 to $103.00 and gave the stock a “sector perform” rating in a research note on Monday, February 5th. Evercore ISI boosted their price target on shares of Church & Dwight from $107.00 to $110.00 and gave the stock an “in-line” rating in a research note on Friday, May 3rd. UBS Group upped their target price 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. Finally, Truist Financial upped their target price 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. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $105.56.

Check Out Our Latest Analysis on CHD

Insider Activity

In other news, Director Robert K. Shearer sold 13,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $106.36, for a total value of $1,403,952.00. Following the transaction, the director now owns 29,108 shares in the company, valued at approximately $3,095,926.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Robert K. Shearer sold 13,200 shares of Church & Dwight stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $106.36, for a total value of $1,403,952.00. Following the completion of the sale, the director now owns 29,108 shares in the company, valued at approximately $3,095,926.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew Farrell sold 275,000 shares of Church & Dwight stock in a transaction on Monday, March 11th. The shares were sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the completion of the sale, the chief executive officer now owns 112,719 shares of the company’s stock, valued at approximately $11,703,613.77. The disclosure for this sale can be found here. In the last three months, insiders have sold 376,972 shares of company stock worth $39,133,366. Corporate insiders own 1.40% of the company’s stock.

Church & Dwight Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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