Forsta AP Fonden Sells 7,500 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Posted by Defense World Staff on Jul 9th, 2023

Forsta AP Fonden lowered its position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 14.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,600 shares of the company’s stock after selling 7,500 shares during the quarter. Forsta AP Fonden’s holdings in Church & Dwight were worth $3,943,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. PFG Advisors increased its holdings in shares of Church & Dwight by 2.5% in the first quarter. PFG Advisors now owns 37,926 shares of the company’s stock worth $3,353,000 after purchasing an additional 926 shares during the period. Kathmere Capital Management LLC bought a new position in Church & Dwight in the first quarter valued at $302,000. WBH Advisory Inc. bought a new position in Church & Dwight in the first quarter valued at $245,000. Carnegie Capital Asset Management LLC increased its stake in Church & Dwight by 4.0% in the first quarter. Carnegie Capital Asset Management LLC now owns 167,147 shares of the company’s stock valued at $14,778,000 after acquiring an additional 6,392 shares during the last quarter. Finally, Ritholtz Wealth Management increased its stake in Church & Dwight by 3.0% in the first quarter. Ritholtz Wealth Management now owns 8,293 shares of the company’s stock valued at $733,000 after acquiring an additional 245 shares during the last quarter. Institutional investors own 82.61% of the company’s stock.

Insiders Place Their Bets

In other Church & Dwight news, EVP Barry A. Bruno sold 6,440 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $96.27, for a total value of $619,978.80. Following the completion of the sale, the executive vice president now directly owns 4,302 shares in the company, valued at $414,153.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Robert K. Shearer sold 11,590 shares of Church & Dwight stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $96.23, for a total transaction of $1,115,305.70. Following the completion of the transaction, the director now directly owns 29,108 shares in the company, valued at $2,801,062.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Barry A. Bruno sold 6,440 shares of Church & Dwight stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $96.27, for a total transaction of $619,978.80. Following the transaction, the executive vice president now owns 4,302 shares of the company’s stock, valued at $414,153.54. The disclosure for this sale can be found here. Insiders sold 305,843 shares of company stock worth $29,632,614 over the last three months. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on CHD shares. StockNews.com started coverage on Church & Dwight in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft increased their target price on Church & Dwight from $96.00 to $105.00 in a research note on Friday, April 28th. UBS Group raised their price objective on Church & Dwight from $88.00 to $93.00 and gave the company a “neutral” rating in a research note on Thursday, April 6th. Royal Bank of Canada raised their price objective on Church & Dwight from $83.00 to $91.00 in a research note on Friday, April 28th. Finally, Barclays raised their price objective on Church & Dwight from $79.00 to $83.00 in a research note on Friday, April 28th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $91.56.

Church & Dwight Stock Performance

Church & Dwight stock opened at $98.97 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.60 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average of $95.97 and a 200-day moving average of $88.74. The firm has a market cap of $24.17 billion, a P/E ratio of 59.26, a P/E/G ratio of 4.04 and a beta of 0.48. Church & Dwight Co., Inc. has a 1-year low of $70.16 and a 1-year high of $100.52.

Church & Dwight (NYSE:CHD – Free Report) last issued its quarterly earnings data on Thursday, April 27th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.76 by $0.09. Church & Dwight had a net margin of 7.49% and a return on equity of 20.49%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the business posted $0.83 earnings per share. Church & Dwight’s quarterly revenue was up 10.2% compared to the same quarter last year. Sell-side analysts expect that Church & Dwight Co., Inc. will post 3.1 EPS for the current year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Monday, May 15th were issued a $0.2725 dividend. The ex-dividend date of this dividend was Friday, May 12th. This represents a $1.09 annualized dividend and a yield of 1.10%. Church & Dwight’s dividend payout ratio (DPR) is presently 65.27%.

About Church & Dwight

(Free Report)

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.