Handelsbanken Fonder AB Has $27.31 Million Position in Church & Dwight Co., Inc. (NYSE:CHD)

Handelsbanken Fonder AB increased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 57.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 260,769 shares of the company’s stock after buying an additional 95,525 shares during the quarter. Handelsbanken Fonder AB owned 0.11% of Church & Dwight worth $27,308,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rafferty Asset Management LLC increased its position in shares of Church & Dwight by 4.3% during the fourth quarter. Rafferty Asset Management LLC now owns 19,118 shares of the company’s stock valued at $1,808,000 after purchasing an additional 790 shares during the period. CIBC Private Wealth Group LLC raised its stake in shares of Church & Dwight by 33.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 13,856 shares of the company’s stock valued at $1,310,000 after buying an additional 3,447 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Church & Dwight by 26.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,334,950 shares of the company’s stock valued at $126,233,000 after buying an additional 277,017 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Church & Dwight by 94.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 31,419 shares of the company’s stock worth $2,971,000 after acquiring an additional 15,258 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Church & Dwight by 6.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 32,690 shares of the company’s stock valued at $3,091,000 after acquiring an additional 2,084 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Trading Down 0.3 %

Church & Dwight stock traded down $0.30 during trading hours on Friday, reaching $101.04. 1,037,118 shares of the company’s stock traded hands, compared to its average volume of 1,375,513. Church & Dwight Co., Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $110.31. The firm’s 50 day moving average is $102.35 and its 200-day moving average is $104.15. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.53. The firm has a market capitalization of $24.71 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 3.82 and a beta of 0.54.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.09. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. On average, analysts predict 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. Shareholders of record on Thursday, August 15th were paid a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Thursday, August 15th. Church & Dwight’s payout ratio is 35.87%.

Wall Street Analyst Weigh In

CHD has been the subject of a number of analyst reports. Barclays raised their price target on shares of Church & Dwight from $80.00 to $82.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. cut their target price on Church & Dwight from $101.00 to $97.00 and set an “underweight” rating for the company in a research report on Monday, August 5th. Stifel Nicolaus lowered their price target 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 started coverage on Church & Dwight in a report on Tuesday, July 23rd. They set a “buy” rating and a $116.00 price objective for the company. Finally, BNP Paribas began coverage on shares of Church & Dwight in a research note on Monday, June 24th. They issued a “neutral” rating and a $114.00 target price on the stock. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $107.25.

Insiders Place Their Bets

In related news, EVP Barry A. Bruno sold 59,328 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 4,319 shares in the company, valued at $429,179.03. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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.