New York State Common Retirement Fund Decreases Stake in Church & Dwight Co., Inc. (NYSE:CHD)

New York State Common Retirement Fund lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 10.0% in the 4th quarter, HoldingsChannel reports. The firm owned 285,157 shares of the company’s stock after selling 31,853 shares during the quarter. New York State Common Retirement Fund’s holdings in Church & Dwight were worth $26,964,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Chilton Capital Management LLC lifted its holdings in shares of Church & Dwight by 50.0% during the 4th quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after acquiring an additional 110 shares during the last quarter. Annapolis Financial Services LLC lifted its holdings in shares of Church & Dwight by 2,087.5% during the 4th quarter. Annapolis Financial Services LLC now owns 350 shares of the company’s stock worth $33,000 after acquiring an additional 334 shares during the last quarter. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Church & Dwight during the 3rd quarter worth $38,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Church & Dwight during the 4th quarter worth $62,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Church & Dwight by 74.7% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 685 shares of the company’s stock worth $65,000 after acquiring an additional 293 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Price Performance

CHD stock opened at $106.32 on Friday. Church & Dwight Co., Inc. has a 12-month low of $82.25 and a 12-month high of $108.10. The company has a current ratio of 1.08, a quick ratio of 0.64 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average price is $102.91 and its two-hundred day moving average price is $97.11. The stock has a market capitalization of $25.93 billion, a price-to-earnings ratio of 34.97, a PEG ratio of 3.59 and a beta of 0.53.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, February 2nd. The company reported $0.65 earnings per share for the quarter, meeting the consensus estimate of $0.65. Church & Dwight had a return on equity of 20.28% and a net margin of 12.88%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the firm posted $0.62 EPS. The business’s revenue was up 6.4% on a year-over-year basis. As a group, equities analysts predict that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current year.

Church & Dwight Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were issued a $0.2838 dividend. This is an increase from Church & Dwight’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.14 dividend on an annualized basis and a yield of 1.07%. Church & Dwight’s dividend payout ratio is 37.17%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Bank of America lifted their target price on shares of Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. The Goldman Sachs Group assumed coverage on shares of Church & Dwight in a research report on Friday, March 1st. They issued a “buy” rating and a $110.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. JPMorgan Chase & Co. lifted their target price on shares of Church & Dwight from $87.00 to $95.00 and gave the stock an “underweight” rating in a research report on Thursday, January 18th. Finally, Truist Financial lifted their target price on shares of Church & Dwight from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $104.07.

Insider Buying and Selling at Church & Dwight

In other news, CEO Matthew Farrell sold 275,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $103.83, for a total value of $28,553,250.00. Following the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at approximately $11,703,613.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Matthew Farrell sold 275,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $103.83, for a total value of $28,553,250.00. Following the completion of the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,703,613.77. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Penry W. Price sold 7,752 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $98.29, for a total transaction of $761,944.08. Following the completion of the transaction, the director now owns 25,692 shares of the company’s stock, valued at $2,525,266.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 373,052 shares of company stock valued at $38,603,796. 2.00% of the stock is currently owned by company insiders.

Church & Dwight Company 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.