Skandinaviska Enskilda Banken AB publ Boosts Position in Church & Dwight Co., Inc. (NYSE:CHD)

Key Points

• Skandinaviska Enskilda Banken AB publ increased its stake in Church & Dwight Co., Inc. by 120.2%, acquiring an additional 62,600 shares, bringing its total holdings to 114,668 shares worth approximately $12.6 million.
• Insider transactions revealed that EVP Carlen Hooker and Director Penry W. Price sold 6,380 and 14,660 shares respectively, indicating a significant reduction in their ownership.
• Church & Dwight announced a quarterly dividend of $0.295 per share, with a current dividend yield of 1.21% and a payout ratio of 50.64% as of its last declaration.

Skandinaviska Enskilda Banken AB publ grew its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 120.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 114,668 shares of the company's stock after buying an additional 62,600 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Church & Dwight were worth $12,624,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Church & Dwight during the 4th quarter worth $318,532,000. JPMorgan Chase & Co. grew its stake in shares of Church & Dwight by 19.4% during the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock worth $768,157,000 after purchasing an additional 1,190,154 shares during the period. GAMMA Investing LLC grew its stake in shares of Church & Dwight by 12,489.8% during the 1st quarter. GAMMA Investing LLC now owns 861,895 shares of the company's stock worth $94,886,000 after purchasing an additional 855,049 shares during the period. Ceredex Value Advisors LLC acquired a new position in shares of Church & Dwight during the 4th quarter worth $49,504,000. Finally, Northern Trust Corp grew its stake in Church & Dwight by 15.0% in the 4th quarter. Northern Trust Corp now owns 3,018,552 shares of the company's stock valued at $316,073,000 after acquiring an additional 393,068 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company's stock.

Insider Buying and Selling at Church & Dwight

In other news, Director Penry W. Price sold 14,660 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $93.13, for a total transaction of $1,365,285.80. Following the transaction, the director directly owned 27,043 shares in the company, valued at $2,518,514.59. This represents a 35.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $99.00, for a total transaction of $1,451,340.00. Following the completion of the transaction, the director owned 13,747 shares in the company, valued at $1,360,953. The trade was a 51.61% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,575 shares of company stock worth $4,910,586. 1.20% of the stock is currently owned by insiders.

Church & Dwight Trading Down 0.1%

Shares of CHD stock traded down $0.13 during trading hours on Wednesday, hitting $96.63. 294,246 shares of the company were exchanged, compared to its average volume of 2,012,001. The firm has a market cap of $23.80 billion, a PE ratio of 41.51, a PEG ratio of 3.83 and a beta of 0.51. Church & Dwight Co., Inc. has a 1 year low of $90.99 and a 1 year 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. The firm has a fifty day moving average of $97.33 and a 200 day moving average of $101.93.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wall Street Zen raised shares of Church & Dwight from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Evercore ISI lowered their price objective on shares of Church & Dwight from $106.00 to $102.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. JPMorgan Chase & Co. increased their price objective on shares of Church & Dwight from $92.00 to $97.00 and gave the company an "underweight" rating in a research note on Friday, July 25th. Truist Financial set a $110.00 price target on shares of Church & Dwight and gave the stock a "buy" rating in a research note on Friday, June 6th. Finally, Wells Fargo & Company raised their price target on shares of Church & Dwight from $105.00 to $108.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $104.38.

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.