Church & Dwight Co., Inc. (NYSE:CHD) Stake Lessened by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ reduced its position in Church & Dwight Co., Inc. (NYSE:CHDFree Report) by 56.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,136 shares of the company’s stock after selling 119,568 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Church & Dwight were worth $8,442,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Nemes Rush Group LLC acquired a new position in Church & Dwight during the second quarter worth $27,000. Covestor Ltd lifted its holdings in Church & Dwight by 82.2% in the 2nd quarter. Covestor Ltd now owns 359 shares of the company’s stock worth $36,000 after purchasing an additional 162 shares during the last quarter. Koesten Hirschmann & Crabtree INC. bought a new stake in Church & Dwight during the third quarter worth approximately $38,000. PSI Advisors LLC bought a new stake in Church & Dwight during the third quarter worth approximately $39,000. Finally, Money Concepts Capital Corp grew its holdings in Church & Dwight by 468.2% during the fourth quarter. Money Concepts Capital Corp now owns 625 shares of the company’s stock valued at $50,000 after purchasing an additional 515 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Church & Dwight

In related news, EVP Michael Read sold 4,500 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $96.00, for a total value of $432,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Church & Dwight news, EVP Rene Hemsey sold 9,280 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the sale, the executive vice president now directly owns 6,373 shares of the company’s stock, valued at $638,702.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Read sold 4,500 shares of Church & Dwight stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $96.00, for a total transaction of $432,000.00. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of Church & Dwight from $100.00 to $89.00 and set a “neutral” rating for the company in a research note on Monday, November 6th. UBS Group upped their price target on shares of Church & Dwight from $99.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, February 5th. Jefferies Financial Group assumed coverage on Church & Dwight in a research note on Monday, November 13th. They issued a “hold” rating and a $99.00 price objective on the stock. Raymond James upgraded Church & Dwight from an “underperform” rating to a “market perform” rating in a research note on Monday, October 23rd. Finally, TheStreet upgraded Church & Dwight from a “c+” rating to a “b” rating in a report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $100.43.

View Our Latest Stock Report on Church & Dwight

Church & Dwight Stock Down 1.1 %

CHD opened at $98.83 on Monday. The company has a market capitalization of $24.35 billion, a P/E ratio of 32.51, a P/E/G ratio of 3.41 and a beta of 0.54. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.64. The firm’s fifty day moving average price is $95.93 and its two-hundred day moving average price is $93.95. Church & Dwight Co., Inc. has a fifty-two week low of $81.79 and a fifty-two week high of $103.21.

Church & Dwight (NYSE:CHDGet Free Report) last issued its earnings results on Friday, February 2nd. The company reported $0.65 earnings per share for the quarter, meeting the consensus estimate of $0.65. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 EPS. On average, analysts anticipate that Church & Dwight Co., Inc. will post 3.43 EPS for the current year.

Church & Dwight Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 15th will be paid a $0.2838 dividend. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.27. This represents a $1.14 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Wednesday, February 14th. Church & Dwight’s dividend payout ratio is currently 35.86%.

Church & Dwight Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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