Robeco Institutional Asset Management B.V. lowered its position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 91.8% in the third quarter, Holdings Channel reports. The institutional investor owned 83,505 shares of the company’s stock after selling 937,617 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Church & Dwight were worth $7,318,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC raised its holdings in Church & Dwight by 935.5% during the third quarter. True Wealth Design LLC now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 290 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in Church & Dwight during the 2nd quarter worth approximately $45,000. Kennebec Savings Bank raised its stake in shares of Church & Dwight by 49.7% during the 3rd quarter. Kennebec Savings Bank now owns 675 shares of the company’s stock worth $59,000 after buying an additional 224 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Church & Dwight in the 2nd quarter valued at approximately $62,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Church & Dwight in the second quarter valued at approximately $70,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.
Church & Dwight Stock Performance
NYSE:CHD opened at $85.76 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $84.54 and a two-hundred day moving average price of $89.56. Church & Dwight Co., Inc. has a twelve month low of $81.33 and a twelve month high of $116.46. The company has a market capitalization of $20.59 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 3.95 and a beta of 0.46.
Church & Dwight Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.18 annualized dividend and a yield of 1.4%. Church & Dwight’s dividend payout ratio (DPR) is presently 37.11%.
Analyst Upgrades and Downgrades
CHD has been the subject of several research analyst reports. Wells Fargo & Company set a $92.00 price objective on Church & Dwight and gave the stock an “overweight” rating in a research report on Monday. Bank of America cut their price target on shares of Church & Dwight from $120.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $100.00 price objective (down previously from $102.00) on shares of Church & Dwight in a report on Wednesday, December 10th. UBS Group lowered their target price on shares of Church & Dwight from $103.00 to $98.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Finally, Raymond James Financial upgraded shares of Church & Dwight from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research report on Monday. Ten investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $98.95.
Check Out Our Latest Stock Analysis on Church & Dwight
Church & Dwight Company Profile
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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