Sumitomo Mitsui Trust Group Inc. cut its position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 5.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 650,908 shares of the company’s stock after selling 37,468 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Church & Dwight were worth $54,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently made changes to their positions in the company. Candlestick Capital Management LP purchased a new position in shares of Church & Dwight in the third quarter valued at $75,506,000. Scopus Asset Management L.P. purchased a new position in shares of Church & Dwight in the second quarter valued at $52,050,000. Qube Research & Technologies Ltd grew its position in shares of Church & Dwight by 486.4% in the third quarter. Qube Research & Technologies Ltd now owns 586,939 shares of the company’s stock valued at $51,433,000 after purchasing an additional 486,850 shares in the last quarter. First Trust Advisors LP grew its position in shares of Church & Dwight by 1,659.7% in the third quarter. First Trust Advisors LP now owns 461,310 shares of the company’s stock valued at $40,425,000 after purchasing an additional 435,094 shares in the last quarter. Finally, Holocene Advisors LP purchased a new position in shares of Church & Dwight in the third quarter valued at $29,760,000. 86.60% of the stock is currently owned by institutional investors.
Church & Dwight Price Performance
Church & Dwight stock opened at $94.53 on Thursday. Church & Dwight Co., Inc. has a 52 week low of $81.33 and a 52 week high of $106.12. The business has a 50-day simple moving average of $98.33 and a 200 day simple moving average of $90.80. The company has a quick ratio of 0.71, a current ratio of 1.07 and a debt-to-equity ratio of 0.55. The stock has a market cap of $22.39 billion, a price-to-earnings ratio of 31.30, a PEG ratio of 3.54 and a beta of 0.48.
Church & Dwight Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were given a dividend of $0.3075 per share. The ex-dividend date was 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 1.3%. Church & Dwight’s dividend payout ratio (DPR) is presently 40.73%.
Insider Activity
In related news, Director Janet S. Vergis sold 12,960 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 17,102 shares in the company, valued at $1,727,302. The trade was 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 through this hyperlink. Also, Director Penry W. Price sold 7,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $100.58, for a total value of $704,060.00. Following the transaction, the director owned 30,070 shares of the company’s stock, valued at approximately $3,024,440.60. The trade was a 18.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.00% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on CHD. Morgan Stanley set a $105.00 price target on Church & Dwight and gave the company an “equal weight” rating in a research report on Monday, February 2nd. Citigroup reiterated a “neutral” rating and issued a $100.00 price target (up from $87.00) on shares of Church & Dwight in a research report on Monday, February 2nd. Rothschild & Co Redburn set a $91.00 price target on Church & Dwight and gave the company a “neutral” rating in a research report on Friday, February 13th. Raymond James Financial upgraded 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, January 5th. Finally, Royal Bank Of Canada set a $112.00 price target on Church & Dwight in a research report on Thursday, April 9th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $101.71.
Check Out Our Latest Research Report on Church & Dwight
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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