Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lessened its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 80.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 52,067 shares of the company’s stock after selling 213,842 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Church & Dwight were worth $5,398,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Capital International Investors raised its position in Church & Dwight by 39.2% in the fourth quarter. Capital International Investors now owns 9,004,713 shares of the company’s stock valued at $851,414,000 after purchasing an additional 2,533,877 shares during the period. Capital Research Global Investors purchased a new stake in Church & Dwight in the first quarter valued at approximately $69,384,000. Vanguard Group Inc. raised its position 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 purchasing an additional 354,946 shares during the period. Goldman Sachs Group Inc. raised its position in Church & Dwight by 26.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,334,950 shares of the company’s stock valued at $126,233,000 after purchasing an additional 277,017 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its position in Church & Dwight by 65,161.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 216,015 shares of the company’s stock valued at $20,426,000 after purchasing an additional 215,684 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CHD. Barclays boosted their target price on Church & Dwight from $80.00 to $82.00 and gave the company an “underweight” rating in a research report on Tuesday, August 6th. Truist Financial cut their price objective on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Stifel Nicolaus cut their price objective on Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, August 5th. TD Cowen initiated coverage on Church & Dwight in a research report on Tuesday, July 23rd. They set a “buy” rating and a $116.00 price objective on the stock. Finally, Evercore ISI cut their price objective on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Church & Dwight currently has an average rating of “Hold” and an average price target of $106.58.

Insider Buying and Selling

In other Church & Dwight news, EVP Barry A. Bruno sold 59,328 shares of the 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 transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at $429,179.03. The sale was disclosed in a filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Stock Performance

NYSE CHD opened at $103.40 on Monday. 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 Co., Inc. has a 1 year low of $82.25 and a 1 year high of $110.31. The company has a market capitalization of $25.28 billion, a PE ratio of 32.83, a P/E/G ratio of 3.55 and a beta of 0.54. The company has a fifty day moving average of $102.00 and a two-hundred day moving average of $104.24.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.09. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Church & Dwight’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, analysts expect that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current year.

Church & Dwight Announces Dividend

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

Church & Dwight Company 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.