Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. reduced its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,848 shares of the company’s stock after selling 187 shares during the period. Sumitomo Life Insurance Co.’s holdings in Church & Dwight were worth $508,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CHD. Capital Performance Advisors LLP purchased a new stake in Church & Dwight during the 3rd quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new stake in Church & Dwight in the third quarter valued at approximately $28,000. Versant Capital Management Inc increased its holdings in Church & Dwight by 224.4% in the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after buying an additional 184 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Church & Dwight during the 2nd quarter worth approximately $33,000. Finally, Point72 DIFC Ltd acquired a new stake in Church & Dwight during the 2nd quarter valued at approximately $50,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Stock Performance

NYSE CHD opened at $107.14 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. The stock’s 50 day simple moving average is $106.54 and its 200-day simple moving average is $104.16. The company has a market cap of $26.25 billion, a PE ratio of 48.05, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58. Church & Dwight Co., Inc. has a 1-year low of $96.09 and a 1-year high of $113.50.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 EPS. As a group, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.44 EPS for the current fiscal year.

Insider Transactions at Church & Dwight

In related news, CAO Joseph James Longo sold 7,780 shares of Church & Dwight stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $112.44, for a total transaction of $874,783.20. Following the transaction, the chief accounting officer now owns 400 shares in the company, valued at approximately $44,976. This trade represents a 95.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael Read bought 1,100 shares of the company’s stock in a transaction on Monday, December 16th. The stock was bought at an average price of $106.82 per share, with a total value of $117,502.00. Following the completion of the acquisition, the executive vice president now owns 2,505 shares in the company, valued at $267,584.10. This represents a 78.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 593,035 shares of company stock valued at $62,282,808. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CHD. Barclays increased their price objective on shares of Church & Dwight from $85.00 to $90.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. TD Cowen lifted their price objective on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. upped their target price on Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Piper Sandler raised their target price on Church & Dwight from $124.00 to $128.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Finally, Stifel Nicolaus decreased their price target on Church & Dwight from $105.00 to $103.00 and set a “hold” rating for the company in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $110.61.

Church & Dwight Profile

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, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.