Nisa Investment Advisors LLC Grows Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Nisa Investment Advisors LLC increased its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 73,866 shares of the company’s stock after purchasing an additional 115 shares during the period. Nisa Investment Advisors LLC’s holdings in Church & Dwight were worth $7,658,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Nomura Holdings Inc. grew its stake in shares of Church & Dwight by 442.1% in the fourth quarter. Nomura Holdings Inc. now owns 14,148 shares of the company’s stock valued at $1,338,000 after buying an additional 11,538 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Church & Dwight by 13.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 342,699 shares of the company’s stock worth $35,755,000 after buying an additional 39,695 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Church & Dwight by 12.8% during the 1st quarter. Russell Investments Group Ltd. now owns 208,997 shares of the company’s stock worth $21,798,000 after buying an additional 23,754 shares in the last quarter. Cim LLC acquired a new position in shares of Church & Dwight in the fourth quarter worth $3,188,000. Finally, abrdn plc increased its position in shares of Church & Dwight by 35.0% during the fourth quarter. abrdn plc now owns 281,416 shares of the company’s stock worth $26,611,000 after acquiring an additional 73,022 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insiders Place Their Bets

In related news, Director Ravichandra Krishnamu Saligram sold 20,000 shares of Church & Dwight stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $107.67, for a total value of $2,153,400.00. Following the sale, the director now directly owns 13,793 shares in the company, valued at $1,485,092.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $107.67, for a total transaction of $2,153,400.00. Following the transaction, the director now directly owns 13,793 shares in the company, valued at $1,485,092.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard A. Dierker sold 86,740 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the completion of the transaction, the chief financial officer now directly owns 7,634 shares of the company’s stock, valued at $813,479.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 220,722 shares of company stock worth $23,139,816. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

CHD has been the subject of a number of recent research reports. Argus lifted their target price on Church & Dwight from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Oppenheimer upped their target price on shares of Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. TD Cowen started coverage on shares of Church & Dwight in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 price target for the company. Barclays boosted their price target on shares of Church & Dwight from $80.00 to $82.00 and gave the stock an “underweight” rating in a report on Tuesday, August 6th. Finally, HSBC lifted their price objective on shares of Church & Dwight from $110.00 to $114.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $106.58.

Church & Dwight Stock Performance

Shares of CHD stock traded up $0.12 during midday trading on Monday, hitting $100.13. The company had a trading volume of 779,708 shares, compared to its average volume of 1,369,935. Church & Dwight Co., Inc. has a 52-week low of $82.25 and a 52-week high of $110.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98. The company’s 50 day simple moving average is $103.59 and its 200 day simple moving average is $103.61. The stock has a market cap of $24.48 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 3.39 and a beta of 0.52.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09. The company 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%. Church & Dwight’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 EPS. Research analysts anticipate that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be issued a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, August 15th. Church & Dwight’s dividend payout ratio is presently 35.87%.

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.