Stegent Equity Advisors Inc. boosted its holdings in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 63.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,319 shares of the company’s stock after purchasing an additional 6,332 shares during the quarter. Stegent Equity Advisors Inc.’s holdings in Church & Dwight were worth $1,430,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Generali Asset Management SPA SGR lifted its stake in Church & Dwight by 97.1% during the 3rd quarter. Generali Asset Management SPA SGR now owns 34,811 shares of the company’s stock valued at $3,050,000 after acquiring an additional 17,145 shares in the last quarter. Boston Trust Walden Corp lifted its position in shares of Church & Dwight by 7.8% during the second quarter. Boston Trust Walden Corp now owns 201,620 shares of the company’s stock valued at $19,378,000 after purchasing an additional 14,523 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Church & Dwight by 5.7% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 521,963 shares of the company’s stock worth $50,166,000 after purchasing an additional 28,201 shares during the last quarter. Prudential Financial Inc. grew its position in Church & Dwight by 7.4% in the 2nd quarter. Prudential Financial Inc. now owns 141,362 shares of the company’s stock worth $13,586,000 after purchasing an additional 9,795 shares in the last quarter. Finally, Norges Bank purchased a new stake in Church & Dwight in the 2nd quarter valued at about $303,907,000. 86.60% of the stock is currently owned by institutional investors.
Church & Dwight Price Performance
CHD opened at $90.62 on Friday. The company has a market capitalization of $21.76 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 4.17 and a beta of 0.46. The firm has a 50-day moving average price of $84.81 and a 200-day moving average price of $89.28. Church & Dwight Co., Inc. has a twelve month low of $81.33 and a twelve month high of $116.46. The company has a quick ratio of 0.66, a current ratio of 1.09 and a debt-to-equity ratio of 0.52.
Church & Dwight Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were paid 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 1.3%. Church & Dwight’s payout ratio is currently 37.11%.
Analyst Ratings Changes
CHD has been the subject of several recent analyst reports. Barclays set a $82.00 target price on Church & Dwight and gave the company an “underweight” rating in a report on Tuesday, November 4th. UBS Group set a $92.00 target price on Church & Dwight and gave the company a “neutral” rating in a research report on Wednesday. Raymond James Financial raised shares of Church & Dwight from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a report on Monday, January 5th. Oppenheimer set a $100.00 price objective on shares of Church & Dwight and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Finally, Wells Fargo & Company set a $92.00 price objective on shares of Church & Dwight and gave the stock an “overweight” rating in a research report on Monday, January 5th. Ten investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $98.65.
Check Out Our Latest Analysis on CHD
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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