KLP Kapitalforvaltning AS Invests $15.38 Million in Church & Dwight Co., Inc. (NYSE:CHD)

KLP Kapitalforvaltning AS acquired a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 146,900 shares of the company’s stock, valued at approximately $15,382,000. KLP Kapitalforvaltning AS owned approximately 0.06% of Church & Dwight as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CHD. YANKCOM Partnership bought a new stake in shares of Church & Dwight during the 4th quarter worth approximately $25,000. Versant Capital Management Inc raised its stake in shares of Church & Dwight by 224.4% during the 4th 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. Strategic Financial Concepts LLC bought a new stake in shares of Church & Dwight during the 4th quarter worth approximately $39,000. Bank of Jackson Hole Trust bought a new stake in shares of Church & Dwight during the 4th quarter worth approximately $43,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Church & Dwight during the 4th quarter worth approximately $51,000. Institutional investors own 86.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CHD. Piper Sandler dropped their price target on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Truist Financial increased their price target on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Stifel Nicolaus increased their price target on Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Finally, Barclays increased their price target on Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $111.56.

Church & Dwight Stock Down 1.0 %

CHD stock opened at $107.04 on Monday. The company has a market cap of $26.33 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. The business has a 50-day simple moving average of $107.42 and a 200 day simple moving average of $105.88. Church & Dwight Co., Inc. has a 52 week low of $96.35 and a 52 week high of $116.46. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same period in the prior year, the firm earned $0.65 earnings per share. Sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s payout ratio is 49.79%.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $115.98, for a total value of $6,322,069.80. Following the transaction, the executive vice president now owns 10,497 shares in the company, valued at $1,217,442.06. The trade was a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the transaction, the executive vice president now owns 6,437 shares in the company, valued at approximately $707,941.26. This represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,570 shares of company stock valued at $7,538,449 over the last quarter. 2.00% of the stock is owned by corporate insiders.

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