Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Church & Dwight Co., Inc. (NYSE:CHDFree Report) by 16.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,472 shares of the company’s stock after purchasing an additional 6,872 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Church & Dwight were worth $4,533,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle Associates Ltd. boosted its position in Church & Dwight by 3.2% in the second quarter. Pinnacle Associates Ltd. now owns 3,325 shares of the company’s stock worth $333,000 after purchasing an additional 103 shares during the last quarter. Wealth Alliance boosted its position in Church & Dwight by 3.3% in the second quarter. Wealth Alliance now owns 3,284 shares of the company’s stock worth $329,000 after purchasing an additional 104 shares during the last quarter. Mission Wealth Management LP boosted its position in Church & Dwight by 0.8% in the second quarter. Mission Wealth Management LP now owns 13,927 shares of the company’s stock worth $1,396,000 after purchasing an additional 106 shares during the last quarter. Veritable L.P. lifted its position in shares of Church & Dwight by 1.6% during the 1st quarter. Veritable L.P. now owns 7,718 shares of the company’s stock valued at $682,000 after buying an additional 122 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its position in shares of Church & Dwight by 2.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 6,443 shares of the company’s stock valued at $646,000 after buying an additional 124 shares in the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Rene Hemsey sold 9,280 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $100.22, for a total transaction of $930,041.60. Following the completion of the transaction, the executive vice president now owns 6,373 shares in the company, valued at approximately $638,702.06. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Michael Read sold 4,500 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $96.00, for a total transaction of $432,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rene Hemsey sold 9,280 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total value of $930,041.60. Following the transaction, the executive vice president now owns 6,373 shares of the company’s stock, valued at approximately $638,702.06. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Oppenheimer lifted their price objective on Church & Dwight from $107.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Barclays lifted their price objective on Church & Dwight from $76.00 to $80.00 and gave the company an “underweight” rating in a research report on Tuesday, February 6th. The Goldman Sachs Group lowered their price objective on Church & Dwight from $100.00 to $89.00 and set a “neutral” rating on the stock in a research report on Monday, November 6th. Raymond James raised Church & Dwight from an “underperform” rating to a “market perform” rating in a research report on Monday, October 23rd. Finally, Stifel Nicolaus boosted their price target on Church & Dwight from $91.00 to $99.00 and gave the stock a “hold” rating in a report on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Church & Dwight presently has an average rating of “Hold” and an average price target of $100.43.

Check Out Our Latest Analysis on CHD

Church & Dwight Stock Performance

NYSE CHD opened at $98.83 on Monday. The company has a market cap of $24.35 billion, a P/E ratio of 32.51, a P/E/G ratio of 3.41 and a beta of 0.54. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.64 and a current ratio of 1.08. The business’s 50 day moving average price is $95.93 and its 200-day moving average price is $93.95. Church & Dwight Co., Inc. has a fifty-two week low of $81.79 and a fifty-two week high of $103.21.

Church & Dwight (NYSE:CHDGet Free Report) last released its earnings results on Friday, February 2nd. The company reported $0.65 earnings per share for the quarter, meeting the consensus estimate of $0.65. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a return on equity of 20.28% and a net margin of 12.88%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS. Sell-side analysts predict that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 15th will be given a dividend of $0.2838 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.14 annualized dividend and a dividend yield of 1.15%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.27. Church & Dwight’s payout ratio is currently 35.86%.

Church & Dwight Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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