Royal London Asset Management Ltd. Has $45.73 Million Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Royal London Asset Management Ltd. lowered its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 14.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 441,069 shares of the company’s stock after selling 72,735 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Church & Dwight were worth $45,730,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nomura Holdings Inc. increased its position in shares of Church & Dwight by 442.1% during the 4th quarter. Nomura Holdings Inc. now owns 14,148 shares of the company’s stock worth $1,338,000 after purchasing an additional 11,538 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Church & Dwight by 13.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 342,699 shares of the company’s stock valued at $35,755,000 after acquiring an additional 39,695 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Church & Dwight by 12.8% in the 1st quarter. Russell Investments Group Ltd. now owns 208,997 shares of the company’s stock valued at $21,798,000 after acquiring an additional 23,754 shares during the period. Cim LLC acquired a new position in shares of Church & Dwight during the 4th quarter worth about $3,188,000. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of Church & Dwight by 187.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 22,367 shares of the company’s stock valued at $2,115,000 after purchasing an additional 14,579 shares during the period. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Price Performance

CHD stock opened at $105.94 on Wednesday. The company’s 50-day moving average price is $102.26 and its two-hundred day moving average price is $104.09. Church & Dwight Co., Inc. has a 12 month low of $82.25 and a 12 month high of $110.31. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The firm has a market cap of $25.94 billion, a P/E ratio of 33.63, a P/E/G ratio of 3.55 and a beta of 0.54.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.84 by $0.09. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. During the same period in the previous year, the business earned $0.92 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. On average, analysts anticipate that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Thursday, August 15th. Church & Dwight’s dividend payout ratio is presently 35.87%.

Analyst Upgrades and Downgrades

CHD has been the topic of a number of recent analyst reports. TD Cowen assumed coverage on Church & Dwight in a research report on Tuesday, July 23rd. They set a “buy” rating and a $116.00 price target on the stock. Morgan Stanley cut Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target on the stock. in a research note on Monday. BNP Paribas assumed coverage on shares of Church & Dwight in a research report on Monday, June 24th. They set a “neutral” rating and a $114.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on shares of Church & Dwight from $101.00 to $97.00 and set an “underweight” rating on the stock in a research report on Monday, August 5th. Finally, Wells Fargo & Company reduced their target price on shares of Church & Dwight from $116.00 to $108.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $106.58.

Insiders Place Their Bets

In other news, EVP Barry A. Bruno sold 59,328 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $99.37, for a total value of $5,895,423.36. Following the sale, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $429,179.03. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Barry A. Bruno sold 59,328 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the completion of the transaction, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $429,179.03. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Richard A. Dierker sold 86,740 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the completion of the sale, the chief financial officer now owns 7,634 shares in the company, valued at approximately $813,479.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 200,722 shares of company stock valued at $20,986,416. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Profile

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.