Church & Dwight Co., Inc. (NYSE:CHD) Shares Bought by Korea Investment CORP

Korea Investment CORP increased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 67.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 189,642 shares of the company’s stock after buying an additional 76,520 shares during the quarter. Korea Investment CORP owned about 0.08% of Church & Dwight worth $19,857,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CHD. Holocene Advisors LP acquired a new position in shares of Church & Dwight in the 3rd quarter valued at $104,795,000. State Street Corp raised its holdings in Church & Dwight by 8.0% in the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company’s stock valued at $1,373,542,000 after buying an additional 969,006 shares during the period. Raymond James Financial Inc. acquired a new position in Church & Dwight in the fourth quarter valued at about $76,565,000. World Investment Advisors LLC purchased a new position in Church & Dwight during the third quarter worth about $58,338,000. Finally, Barclays PLC increased its position in shares of Church & Dwight by 63.9% during the third quarter. Barclays PLC now owns 1,106,131 shares of the company’s stock valued at $115,832,000 after acquiring an additional 431,257 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Church & Dwight

In related news, EVP Rene Hemsey sold 11,060 shares of the company’s stock in a transaction on 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 sale, the executive vice president now owns 6,437 shares in the company, valued at $707,941.26. This represents a 63.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the transaction, the executive vice president now directly 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 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 ninety days. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CHD. Barclays increased their price objective on shares of Church & Dwight from $93.00 to $97.00 and gave the stock an “underweight” rating in a research report on Thursday. JPMorgan Chase & Co. dropped their price objective on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Stifel Nicolaus increased their target price on Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research note on Monday, February 3rd. Piper Sandler cut their price target on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $105.00 price target on shares of Church & Dwight in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $111.81.

Church & Dwight Stock Up 0.7 %

Church & Dwight stock opened at $109.14 on Friday. The stock’s fifty day moving average is $107.65 and its two-hundred day moving average is $105.93. The stock has a market cap of $26.86 billion, a PE ratio of 46.05, a P/E/G ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a 1-year low of $96.35 and a 1-year high of $116.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same quarter last year, the firm posted $0.65 EPS. On average, sell-side analysts expect 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 dividend of $0.295 per share. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a yield of 1.08%. The ex-dividend date was Friday, February 14th. Church & Dwight’s dividend payout ratio (DPR) is currently 49.79%.

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.