Nippon Life Global Investors Americas Inc. Lowers Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Nippon Life Global Investors Americas Inc. lowered its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,360 shares of the company’s stock after selling 380 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Church & Dwight were worth $659,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CHD. Game Plan Financial Advisors LLC bought a new position in Church & Dwight in the 1st quarter worth approximately $26,000. Crewe Advisors LLC purchased a new position in shares of Church & Dwight in the first quarter worth $28,000. Roble Belko & Company Inc purchased a new position in shares of Church & Dwight in the first quarter worth $31,000. Rothschild Investment LLC bought a new position in shares of Church & Dwight during the second quarter worth $31,000. Finally, Creekmur Asset Management LLC purchased a new position in Church & Dwight during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Up 1.8 %

Shares of NYSE CHD opened at $103.40 on Monday. Church & Dwight Co., Inc. has a 1 year low of $82.25 and a 1 year high of $110.31. The firm has a 50-day simple moving average of $102.00 and a two-hundred day simple moving average of $104.24. The company has a market cap of $25.28 billion, a P/E ratio of 32.83, a PEG ratio of 3.55 and a beta of 0.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the company earned $0.92 EPS. Church & Dwight’s quarterly revenue was up 3.9% compared to the same quarter last year. Research analysts anticipate that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Thursday, August 15th. Church & Dwight’s dividend payout ratio is currently 35.87%.

Wall Street Analysts Forecast Growth

CHD has been the subject of several research reports. Stifel Nicolaus dropped their price objective on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a report on Monday, August 5th. Evercore ISI dropped their price target on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a research note on Monday, August 5th. Truist Financial reduced their price objective on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Argus upped their price objective on Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Finally, Barclays raised their target price on shares of Church & Dwight from $80.00 to $82.00 and gave the company an “underweight” rating in a report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $106.58.

Insider Transactions at Church & Dwight

In other Church & Dwight news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the sale, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $429,179.03. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.00% of the company’s stock.

Church & Dwight Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.