Swiss Life Asset Management Ltd grew its holdings in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 122.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 141,837 shares of the company’s stock after buying an additional 78,107 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Church & Dwight were worth $11,893,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of CHD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Church & Dwight by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,274 shares of the company’s stock valued at $2,672,000 after buying an additional 945 shares during the period. Empowered Funds LLC lifted its holdings in shares of Church & Dwight by 18.4% in the 1st quarter. Empowered Funds LLC now owns 6,595 shares of the company’s stock valued at $726,000 after buying an additional 1,024 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Church & Dwight in the 2nd quarter valued at approximately $254,000. Baird Financial Group Inc. lifted its holdings in shares of Church & Dwight by 9.0% in the 2nd quarter. Baird Financial Group Inc. now owns 29,398 shares of the company’s stock valued at $2,825,000 after buying an additional 2,419 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of Church & Dwight by 0.4% in the 2nd quarter. Cerity Partners LLC now owns 52,273 shares of the company’s stock valued at $5,024,000 after buying an additional 204 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.
Church & Dwight Stock Performance
Shares of CHD stock opened at $93.59 on Wednesday. The stock has a fifty day moving average price of $95.86 and a 200 day moving average price of $91.64. The stock has a market cap of $22.18 billion, a PE ratio of 30.79, a P/E/G ratio of 3.29 and a beta of 0.48. Church & Dwight Co., Inc. has a 1 year low of $81.33 and a 1 year high of $106.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.81 and a current ratio of 1.22.
Church & Dwight Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a dividend of $0.3075 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.23 annualized dividend and a yield of 1.3%. Church & Dwight’s dividend payout ratio (DPR) is presently 40.46%.
Analysts Set New Price Targets
Several analysts have recently commented on CHD shares. Jefferies Financial Group raised their price target on Church & Dwight from $102.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Wells Fargo & Company reduced their price target on Church & Dwight from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Citigroup reissued a “neutral” rating and issued a $100.00 price target (up from $87.00) on shares of Church & Dwight in a report on Monday, February 2nd. Barclays reduced their price target on Church & Dwight from $85.00 to $80.00 and set an “underweight” rating for the company in a report on Tuesday, April 14th. Finally, UBS Group reaffirmed a “neutral” rating and set a $100.00 price objective (up from $98.00) on shares of Church & Dwight in a report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $102.53.
Check Out Our Latest Research Report on Church & Dwight
Insiders Place Their Bets
In other Church & Dwight news, Director Penry W. Price sold 7,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $100.58, for a total transaction of $704,060.00. Following the completion of the transaction, the director owned 30,070 shares of the company’s stock, valued at approximately $3,024,440.60. This trade represents a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.
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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