Principal Financial Group Inc. Has $106.63 Million Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Principal Financial Group Inc. lifted its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 35.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 968,532 shares of the company's stock after buying an additional 252,528 shares during the period. Principal Financial Group Inc. owned about 0.39% of Church & Dwight worth $106,626,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CHD. IAG Wealth Partners LLC raised its holdings in shares of Church & Dwight by 92.9% in the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock valued at $30,000 after purchasing an additional 130 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of Church & Dwight in the fourth quarter valued at approximately $40,000. Versant Capital Management Inc raised its holdings in shares of Church & Dwight by 42.1% in the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $42,000 after purchasing an additional 112 shares during the last quarter. Banque Transatlantique SA acquired a new stake in shares of Church & Dwight in the fourth quarter valued at approximately $46,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Church & Dwight by 50.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 575 shares of the company's stock valued at $60,000 after purchasing an additional 193 shares during the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Church & Dwight

In related news, EVP Carlen Hooker sold 6,380 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $98.30, for a total transaction of $627,154.00. Following the completion of the sale, the executive vice president owned 262 shares of the company's stock, valued at $25,754.60. This represents a 96.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard A. Dierker acquired 7,950 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average cost of $94.66 per share, with a total value of $752,547.00. Following the transaction, the chief executive officer directly owned 16,358 shares of the company's stock, valued at $1,548,448.28. This trade represents a 94.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 50,575 shares of company stock valued at $4,910,586 over the last three months. 1.20% of the stock is owned by insiders.

Church & Dwight Stock Performance

Shares of Church & Dwight stock traded up $0.19 during trading on Monday, reaching $98.60. The company's stock had a trading volume of 2,380,802 shares, compared to its average volume of 1,760,019. The business's 50-day moving average price is $96.45 and its 200-day moving average price is $102.71. The firm has a market cap of $24.28 billion, a PE ratio of 42.32, a P/E/G ratio of 3.95 and a beta of 0.51. Church & Dwight Co., Inc. has a 52 week low of $90.99 and a 52 week high of $116.46. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.48.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.02. Church & Dwight had a net margin of 9.52% and a return on equity of 19.28%. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter in the previous year, the business posted $0.96 earnings per share. Church & Dwight's quarterly revenue was down 2.4% on a year-over-year basis. Equities analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were given a dividend of $0.295 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.18 annualized dividend and a yield of 1.20%. Church & Dwight's dividend payout ratio is 50.64%.

Analyst Upgrades and Downgrades

CHD has been the topic of a number of recent research reports. Morgan Stanley lowered their price objective on shares of Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Evercore ISI lowered their target price on shares of Church & Dwight from $106.00 to $102.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Barclays lowered their target price on shares of Church & Dwight from $94.00 to $84.00 and set an "underweight" rating on the stock in a report on Friday, May 2nd. Truist Financial set a $110.00 target price on shares of Church & Dwight and gave the stock a "buy" rating in a report on Friday, June 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $108.29.

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.