Forsta AP Fonden Raises Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Forsta AP Fonden grew its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 0.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 89,000 shares of the company’s stock after acquiring an additional 300 shares during the quarter. Forsta AP Fonden’s holdings in Church & Dwight were worth $9,319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CHD. Capital Performance Advisors LLP purchased a new position in Church & Dwight during the third quarter valued at $27,000. Ashton Thomas Securities LLC purchased a new position in shares of Church & Dwight in the third quarter valued at approximately $28,000. Versant Capital Management Inc increased its position in shares of Church & Dwight by 224.4% during the fourth 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. Point72 Asia Singapore Pte. Ltd. purchased a new position in Church & Dwight in the 2nd quarter valued at $33,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Church & Dwight during the second quarter worth $50,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

CHD has been the topic of a number of research reports. Stifel Nicolaus decreased their target price on shares of Church & Dwight from $105.00 to $103.00 and set a “hold” rating on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. lifted their target price on shares of Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Barclays upped their price objective on Church & Dwight from $85.00 to $90.00 and gave the company an “underweight” rating in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft increased their price target on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, TD Cowen boosted their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $110.61.

Insider Buying and Selling at Church & Dwight

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

Church & Dwight Price Performance

Shares of NYSE:CHD opened at $107.14 on Friday. Church & Dwight Co., Inc. has a 12 month low of $96.09 and a 12 month high of $113.50. The firm has a market capitalization of $26.25 billion, a price-to-earnings ratio of 48.05, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58. The business’s 50 day simple moving average is $106.54 and its 200-day simple moving average is $104.16. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09.

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

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, 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.