Daiwa Securities Group Inc. Has $3.14 Million Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Daiwa Securities Group Inc. grew its position in Church & Dwight Co., Inc. (NYSE:CHD) by 11.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,939 shares of the company’s stock after purchasing an additional 3,160 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Church & Dwight were worth $3,135,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in Church & Dwight by 0.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 392,168 shares of the company’s stock worth $40,908,000 after buying an additional 1,335 shares during the period. Janus Henderson Group PLC increased its position in Church & Dwight by 57.9% during the first quarter. Janus Henderson Group PLC now owns 59,844 shares of the company’s stock worth $6,239,000 after acquiring an additional 21,949 shares during the period. California State Teachers Retirement System raised its stake in Church & Dwight by 0.6% in the 1st quarter. California State Teachers Retirement System now owns 391,974 shares of the company’s stock worth $40,887,000 after purchasing an additional 2,359 shares in the last quarter. Tidal Investments LLC boosted its holdings in Church & Dwight by 160.1% in the 1st quarter. Tidal Investments LLC now owns 23,530 shares of the company’s stock valued at $2,454,000 after purchasing an additional 14,483 shares during the period. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of Church & Dwight during the 1st quarter worth approximately $516,000. Institutional investors own 86.60% of the company’s stock.

Insider Transactions at Church & Dwight

In other news, CAO Joseph James Longo sold 7,780 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $112.44, for a total transaction of $874,783.20. Following the transaction, the chief accounting officer now owns 400 shares in the company, valued at approximately $44,976. This represents a 95.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew Farrell sold 165,823 shares of the 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 completion of the transaction, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,613,438.57. The trade was a 59.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 543,513 shares of company stock valued at $56,795,253 in the last quarter. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on CHD. Stifel Nicolaus lowered their price objective on Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, August 5th. Piper Sandler started coverage on shares of Church & Dwight in a research report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price objective for the company. Evercore ISI reduced their price objective on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research note on Monday, August 5th. TD Cowen boosted their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company increased their price target on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $108.53.

Church & Dwight Trading Down 0.0 %

NYSE:CHD opened at $110.34 on Thursday. Church & Dwight Co., Inc. has a 52 week low of $90.26 and a 52 week high of $113.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. The firm’s fifty day moving average is $104.56 and its 200-day moving average is $104.29. The firm has a market cap of $27.03 billion, a P/E ratio of 49.48, a P/E/G ratio of 4.04 and a beta of 0.55.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company posted $0.74 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts expect that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, November 15th. Church & Dwight’s payout ratio is 50.67%.

About Church & Dwight

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.