Resona Asset Management Co. Ltd. Purchases 23,598 Shares of Church & Dwight Co., Inc. $CHD

Resona Asset Management Co. Ltd. increased its position in Church & Dwight Co., Inc. (NYSE:CHD) by 14.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 190,071 shares of the company’s stock after buying an additional 23,598 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Church & Dwight were worth $18,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Opal Wealth Advisors LLC bought a new stake in Church & Dwight during the 2nd quarter worth approximately $45,000. Motco acquired a new position in shares of Church & Dwight during the first quarter worth $46,000. Zions Bancorporation National Association UT acquired a new position in shares of Church & Dwight during the first quarter worth $53,000. State of Wyoming bought a new stake in shares of Church & Dwight in the first quarter worth $69,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Church & Dwight by 19.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the company’s stock valued at $76,000 after purchasing an additional 112 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Stock Performance

NYSE:CHD opened at $86.17 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.84 and a debt-to-equity ratio of 0.50. Church & Dwight Co., Inc. has a twelve month low of $81.33 and a twelve month high of $116.46. The company has a fifty day moving average of $88.89 and a 200-day moving average of $93.58. The firm has a market capitalization of $20.69 billion, a P/E ratio of 40.65, a P/E/G ratio of 3.52 and a beta of 0.42.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, October 31st. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. Church & Dwight had a net margin of 8.66% and a return on equity of 19.27%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the company posted $0.79 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Church & Dwight has set its Q4 2025 guidance at 0.830-0.83 EPS. FY 2025 guidance at 3.490-3.49 EPS. As a group, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 14th. Church & Dwight’s payout ratio is presently 37.11%.

Insider Buying and Selling

In other news, CEO Richard A. Dierker purchased 5,470 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were acquired at an average cost of $91.57 per share, with a total value of $500,887.90. Following the purchase, the chief executive officer owned 27,212 shares in the company, valued at $2,491,802.84. This represents a 25.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Citigroup cut their target price on Church & Dwight from $88.00 to $85.00 and set a “sell” rating on the stock in a report on Thursday, October 9th. Wells Fargo & Company lowered their price objective on Church & Dwight from $108.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Redburn Atlantic cut Church & Dwight from a “hold” rating to a “strong sell” rating in a report on Monday, July 14th. Evercore ISI decreased their target price on shares of Church & Dwight from $102.00 to $101.00 and set an “in-line” rating for the company in a research report on Monday, August 4th. Finally, Redburn Partners set a $83.00 price target on shares of Church & Dwight in a research report on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $99.00.

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.