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

Nippon Life Global Investors Americas Inc. lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 5.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Game Plan Financial Advisors LLC purchased a new position in shares of Church & Dwight during the 1st quarter worth approximately $26,000. Crewe Advisors LLC bought a new position in Church & Dwight in the first quarter worth $28,000. Roble Belko & Company Inc purchased a new position in Church & Dwight during the first quarter valued at $31,000. Rothschild Investment LLC purchased a new position in Church & Dwight during the second quarter valued at $31,000. Finally, Creekmur Asset Management LLC bought a new stake in shares of Church & Dwight during the 4th quarter valued at $32,000. 86.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on CHD. BNP Paribas initiated coverage on shares of Church & Dwight in a research report on Monday, June 24th. They set a “neutral” rating and a $114.00 price target for the company. Truist Financial lowered their price objective on Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Argus raised their price target on Church & Dwight from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Morgan Stanley lowered shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective for the company. in a research note on Monday, September 9th. Finally, Barclays upped their target price 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. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $106.58.

Insider Activity

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 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Church & Dwight Stock Performance

Shares of NYSE CHD opened at $103.40 on Monday. Church & Dwight Co., Inc. has a 12-month low of $82.25 and a 12-month high of $110.31. The firm has a market capitalization of $25.28 billion, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of 3.55 and a beta of 0.54. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $102.00 and a 200 day moving average of $104.24.

Church & Dwight (NYSE:CHD) last issued 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 during the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 EPS. On average, research analysts anticipate that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current year.

Church & Dwight Announces Dividend

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

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.