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Norges Bank invested $318.53 million in Church & Dwight, boosting the company’s stock by 13.7%.
Norges Bank, a major investor, bought a significant stake in Church & Dwight Co., Inc., acquiring 3,042,042 shares valued at $318.53 million.
The company reported earnings per share of $0.77, meeting analysts' expectations.
Church & Dwight, known for household and personal care products, saw its stock rise by 13.7% in the quarter.
Other investors also increased their holdings in the company, including Blair William & Co. and Intrust Bank NA.
The stock opened at $109.14 with a market cap of $26.86 billion.
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Norges Bank invirtió $318,53 millones en Church & Dwight, aumentando las acciones de la compañía en un 13,7%.