Church & Dwight Co., Inc. (NYSE:CHD) Shares Purchased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd raised its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 43.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,059 shares of the company’s stock after buying an additional 2,460 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Church & Dwight were worth $762,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Simplicity Solutions LLC increased its holdings in Church & Dwight by 69.5% in the fourth quarter. Simplicity Solutions LLC now owns 26,257 shares of the company’s stock valued at $2,483,000 after buying an additional 10,762 shares in the last quarter. Crown Oak Advisors LLC purchased a new position in Church & Dwight in the fourth quarter valued at about $10,142,000. Assenagon Asset Management S.A. increased its stake in shares of Church & Dwight by 290.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 56,221 shares of the company’s stock worth $5,316,000 after purchasing an additional 41,804 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of Church & Dwight by 1,474.7% during the 3rd quarter. Schroder Investment Management Group now owns 233,318 shares of the company’s stock worth $21,379,000 after purchasing an additional 218,501 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Church & Dwight by 21.4% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 109,150 shares of the company’s stock worth $10,213,000 after purchasing an additional 19,246 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Church & Dwight

In other news, EVP Michael Read sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $105.00, for a total value of $472,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Michael Read sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $105.00, for a total value of $472,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Barry A. Bruno sold 9,926 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the completion of the sale, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at $451,551.45. The disclosure for this sale can be found here. Insiders sold 373,052 shares of company stock valued at $38,603,796 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. TheStreet raised shares of Church & Dwight from a “c+” rating to a “b” rating in a research note on Friday, February 2nd. Barclays lifted their price target on shares of Church & Dwight from $80.00 to $83.00 and gave the company an “underweight” rating in a report on Friday, April 12th. Truist Financial lifted their price target on shares of Church & Dwight from $105.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Royal Bank of Canada lifted their price target on shares of Church & Dwight from $94.00 to $103.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. Finally, The Goldman Sachs Group started coverage on shares of Church & Dwight in a report on Friday, March 1st. They issued a “buy” rating and a $110.00 price target on the stock. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and an average price target of $103.27.

Church & Dwight Price Performance

Shares of NYSE:CHD opened at $104.35 on Monday. The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The firm has a 50-day simple moving average of $102.01 and a 200 day simple moving average of $96.57. The company has a market cap of $25.45 billion, a PE ratio of 34.33, a P/E/G ratio of 3.46 and a beta of 0.53. Church & Dwight Co., Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $105.67.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, February 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.65. The firm had revenue of $1.53 billion during 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%. Church & Dwight’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 EPS. On average, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.44 EPS for the current year.

Church & Dwight Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were paid a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.09%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 14th. Church & Dwight’s payout ratio is presently 37.17%.

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.