BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 70.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 18,915 shares of the company’s stock after purchasing an additional 7,822 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Church & Dwight were worth $1,658,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of CHD. Norges Bank purchased a new stake in Church & Dwight during the 2nd quarter valued at $303,907,000. Thrivent Financial for Lutherans raised its stake in shares of Church & Dwight by 3,269.4% in the second quarter. Thrivent Financial for Lutherans now owns 896,306 shares of the company’s stock valued at $86,134,000 after acquiring an additional 869,705 shares during the period. Invesco Ltd. lifted its holdings in shares of Church & Dwight by 25.1% in the 2nd quarter. Invesco Ltd. now owns 3,510,113 shares of the company’s stock worth $337,357,000 after acquiring an additional 703,171 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Church & Dwight by 526.6% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 648,870 shares of the company’s stock worth $62,363,000 after purchasing an additional 545,318 shares during the period. Finally, Scopus Asset Management L.P. purchased a new stake in Church & Dwight in the 2nd quarter worth about $52,050,000. 86.60% of the stock is owned by institutional investors.
Church & Dwight Price Performance
CHD opened at $100.66 on Monday. The company has a market capitalization of $24.17 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 3.70 and a beta of 0.46. The company has a current ratio of 1.07, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. Church & Dwight Co., Inc. has a 12-month low of $81.33 and a 12-month high of $116.46. The business’s fifty day simple moving average is $88.01 and its 200-day simple moving average is $88.93.
Church & Dwight Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be issued a dividend of $0.3075 per share. The ex-dividend date of this dividend is Friday, February 13th. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.30. This represents a $1.23 annualized dividend and a yield of 1.2%. Church & Dwight’s dividend payout ratio is 39.07%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on CHD shares. UBS Group set a $92.00 target price on Church & Dwight and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Wells Fargo & Company restated an “overweight” rating and set a $105.00 price objective (up previously from $92.00) on shares of Church & Dwight in a report on Monday, February 2nd. Argus reduced their target price on Church & Dwight from $110.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday, December 4th. Oppenheimer set a $100.00 target price on Church & Dwight and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $100.00 price target (down from $102.00) on shares of Church & Dwight in a report on Wednesday, December 10th. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Church & Dwight has a consensus rating of “Hold” and an average target price of $100.24.
Check Out Our Latest Research Report on CHD
Insider Buying and Selling
In other Church & Dwight news, Director Janet S. Vergis sold 12,960 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $101.00, for a total transaction of $1,308,960.00. Following the completion of the sale, the director owned 17,102 shares in the company, valued at $1,727,302. This represents a 43.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by company insiders.
Church & Dwight 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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