Nuveen Asset Management LLC Has $136.04 Million Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Nuveen Asset Management LLC raised its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 13.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,299,194 shares of the company's stock after acquiring an additional 149,674 shares during the period. Nuveen Asset Management LLC owned approximately 0.53% of Church & Dwight worth $136,039,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in Church & Dwight by 0.5% in the 4th quarter. American Century Companies Inc. now owns 1,426,177 shares of the company's stock valued at $149,335,000 after acquiring an additional 6,425 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Church & Dwight by 19.4% in the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock valued at $768,157,000 after purchasing an additional 1,190,154 shares during the last quarter. Merit Financial Group LLC increased its stake in shares of Church & Dwight by 131.0% in the 4th quarter. Merit Financial Group LLC now owns 5,769 shares of the company's stock valued at $604,000 after purchasing an additional 3,272 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Church & Dwight in the 4th quarter valued at $76,565,000. Finally, LPL Financial LLC increased its stake in shares of Church & Dwight by 13.4% in the 4th quarter. LPL Financial LLC now owns 184,133 shares of the company's stock valued at $19,281,000 after purchasing an additional 21,742 shares during the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CHD shares. Truist Financial lifted their price target on Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Piper Sandler decreased their price target on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. TD Cowen lowered Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 price target on the stock. in a research note on Tuesday, May 6th. Cowen lowered Church & Dwight from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Evercore ISI decreased their price target on 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $109.13.

Church & Dwight Trading Up 1.4%

Shares of CHD stock opened at $95.92 on Friday. The firm has a market capitalization of $23.62 billion, a P/E ratio of 40.47, a P/E/G ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a twelve month low of $90.99 and a twelve month high of $116.46. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The stock's fifty day simple moving average is $102.30 and its 200 day simple moving average is $105.26.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.89 by $0.02. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.52 billion. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. The business's quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 EPS. As a group, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, May 15th. Church & Dwight's payout ratio is presently 50.64%.

Insiders Place Their Bets

In related news, EVP Michael Read bought 3,000 shares of the business's stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $92.07 per share, with a total value of $276,210.00. Following the acquisition, the executive vice president now owns 5,505 shares of the company's stock, valued at $506,845.35. This represents a 119.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Penry W. Price sold 14,660 shares of Church & Dwight stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $93.13, for a total value of $1,365,285.80. Following the transaction, the director now directly owns 27,043 shares in the company, valued at $2,518,514.59. The trade was a 35.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,230 shares of company stock valued at $8,903,734. 2.00% of the stock is currently owned by company insiders.

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.

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