Church & Dwight Co., Inc. (NYSE:CHD) Shares Purchased by Norden Group LLC

Norden Group LLC boosted its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2,746.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,768 shares of the company’s stock after purchasing an additional 81,790 shares during the quarter. Norden Group LLC’s holdings in Church & Dwight were worth $8,842,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CHD. Vanguard Group Inc. raised its holdings in Church & Dwight by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock valued at $2,861,865,000 after acquiring an additional 354,946 shares in the last quarter. Capital International Investors increased its position in shares of Church & Dwight by 39.2% in the 4th quarter. Capital International Investors now owns 9,004,713 shares of the company’s stock worth $851,414,000 after purchasing an additional 2,533,877 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Church & Dwight by 89.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,027,312 shares of the company’s stock valued at $552,283,000 after purchasing an additional 2,839,783 shares in the last quarter. Morgan Stanley lifted its position in shares of Church & Dwight by 1.9% during the third quarter. Morgan Stanley now owns 3,291,982 shares of the company’s stock worth $301,645,000 after purchasing an additional 61,090 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Church & Dwight during the fourth quarter worth about $259,967,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CHD has been the topic of several research reports. Evercore ISI upped their price objective on Church & Dwight from $107.00 to $110.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. dropped their price target on Church & Dwight from $98.00 to $97.00 and set an “underweight” rating on the stock in a research report on Friday, May 3rd. BNP Paribas began coverage on shares of Church & Dwight in a research note on Monday, June 24th. They set a “neutral” rating and a $114.00 target price for the company. Barclays reduced their price target on shares of Church & Dwight from $83.00 to $82.00 and set an “underweight” rating on the stock in a research report on Monday, May 6th. Finally, Oppenheimer boosted their price objective on shares of Church & Dwight from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $106.65.

Church & Dwight Trading Up 0.0 %

NYSE:CHD opened at $105.48 on Thursday. Church & Dwight Co., Inc. has a 1 year low of $82.25 and a 1 year high of $110.31. The business has a fifty day moving average of $106.74 and a 200-day moving average of $102.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 1.33. The stock has a market cap of $25.79 billion, a price-to-earnings ratio of 33.49, a PEG ratio of 3.44 and a beta of 0.52.

Church & Dwight (NYSE:CHD) last announced its earnings results on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.86 by $0.10. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 earnings per share. Equities analysts predict that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were issued a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Tuesday, May 14th. Church & Dwight’s payout ratio is 35.87%.

Insider Activity

In related news, EVP Maynadier Patrick D. De sold 54,654 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $107.00, for a total value of $5,847,978.00. Following the sale, the executive vice president now directly owns 10,325 shares in the company, valued at approximately $1,104,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Penry W. Price sold 7,752 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $105.47, for a total value of $817,603.44. Following the completion of the transaction, the director now owns 25,692 shares in the company, valued at approximately $2,709,735.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maynadier Patrick D. De sold 54,654 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $107.00, for a total value of $5,847,978.00. Following the sale, the executive vice president now owns 10,325 shares in the company, valued at approximately $1,104,775. The disclosure for this sale can be found here. In the last quarter, insiders sold 182,346 shares of company stock worth $19,465,948. Corporate insiders own 1.40% of the company’s stock.

About Church & Dwight

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.