Resona Asset Management Co. Ltd. Makes New Investment in Church & Dwight Co., Inc. (NYSE:CHD)

Resona Asset Management Co. Ltd. acquired a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 164,356 shares of the company’s stock, valued at approximately $17,243,000. Resona Asset Management Co. Ltd. owned about 0.07% of Church & Dwight at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Public Sector Pension Investment Board boosted its holdings in Church & Dwight by 12.7% in the third quarter. Public Sector Pension Investment Board now owns 10,648 shares of the company’s stock worth $1,115,000 after acquiring an additional 1,200 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Church & Dwight by 2.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 23,141 shares of the company’s stock worth $2,423,000 after purchasing an additional 602 shares during the last quarter. Edgestream Partners L.P. increased its stake in Church & Dwight by 4.4% during the 3rd quarter. Edgestream Partners L.P. now owns 3,306 shares of the company’s stock valued at $346,000 after purchasing an additional 140 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Church & Dwight by 6,963.8% in the third quarter. Benjamin Edwards Inc. now owns 11,302 shares of the company’s stock worth $1,183,000 after buying an additional 11,142 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of Church & Dwight by 5.7% during the third quarter. Integrated Wealth Concepts LLC now owns 2,250 shares of the company’s stock worth $236,000 after buying an additional 122 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

CHD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price 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 lifted their target price on Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a report 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 report on Monday, February 3rd. Truist Financial lifted their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, 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 note on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $112.13.

Church & Dwight Price Performance

Shares of Church & Dwight stock opened at $105.98 on Friday. The firm has a market cap of $26.08 billion, a PE ratio of 44.72, a P/E/G ratio of 3.32 and a beta of 0.57. The business has a 50-day moving average price of $107.89 and a 200 day moving average price of $106.10. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. Church & Dwight Co., Inc. has a twelve month low of $96.35 and a twelve month high of $116.46.

Church & Dwight (NYSE:CHD) last announced 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 in the prior year, the business posted $0.65 earnings per share. Sell-side analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $0.295 dividend. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 14th. This represents a $1.18 annualized dividend and a dividend yield of 1.11%. Church & Dwight’s dividend payout ratio (DPR) is 49.79%.

Insider Transactions at Church & Dwight

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the sale, the executive vice president now owns 10,497 shares of the company’s stock, valued at $1,217,442.06. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rene Hemsey sold 11,060 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the completion of the transaction, the executive vice president now directly owns 6,437 shares in the company, valued at approximately $707,941.26. This represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,570 shares of company stock valued at $7,538,449 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.

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.