Sumitomo Life Insurance Co. Trims Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Sumitomo Life Insurance Co. lessened its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,848 shares of the company’s stock after selling 187 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Church & Dwight were worth $508,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Holocene Advisors LP acquired a new position in shares of Church & Dwight in the 3rd quarter worth approximately $104,795,000. State Street Corp lifted its stake in Church & Dwight by 8.0% during the third quarter. State Street Corp now owns 13,116,334 shares of the company’s stock worth $1,373,542,000 after purchasing an additional 969,006 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Church & Dwight during the third quarter worth $58,338,000. Barclays PLC grew its stake in shares of Church & Dwight by 63.9% in the third quarter. Barclays PLC now owns 1,106,131 shares of the company’s stock valued at $115,832,000 after buying an additional 431,257 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Church & Dwight by 5.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock valued at $839,472,000 after buying an additional 429,863 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Stock Up 0.3 %

Church & Dwight stock opened at $107.14 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average of $106.54 and a two-hundred day moving average of $104.16. Church & Dwight Co., Inc. has a twelve month low of $96.09 and a twelve month high of $113.50. The stock has a market capitalization of $26.25 billion, a price-to-earnings ratio of 48.05, a PEG ratio of 3.29 and a beta of 0.58.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the business posted $0.74 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, research analysts expect that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current year.

Analyst Ratings Changes

CHD has been the subject of a number of research analyst reports. Stifel Nicolaus lowered their target price on Church & Dwight from $105.00 to $103.00 and set a “hold” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. raised their price objective on shares of Church & Dwight from $99.00 to $107.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Piper Sandler upped their target price on shares of Church & Dwight from $124.00 to $128.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Barclays raised their price target on shares of Church & Dwight from $85.00 to $90.00 and gave the company an “underweight” rating in a research report on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $110.61.

Insiders Place Their Bets

In related news, CEO Matthew Farrell sold 165,823 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.03, for a total value of $17,084,743.69. Following the sale, the chief executive officer now owns 112,719 shares of the company’s stock, valued at approximately $11,613,438.57. This represents a 59.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Joseph James Longo sold 7,780 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $112.44, for a total value of $874,783.20. Following the completion of the sale, the chief accounting officer now owns 400 shares in the company, valued at $44,976. This represents a 95.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 593,035 shares of company stock worth $62,282,808. 2.00% of the stock is owned by company insiders.

Church & Dwight Company 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, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.