Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 40.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,228 shares of the company’s stock after selling 7,697 shares during the period. Teacher Retirement System of Texas’ holdings in Church & Dwight were worth $1,062,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Simplicity Solutions LLC increased its holdings in shares of Church & Dwight by 69.5% during the 4th quarter. Simplicity Solutions LLC now owns 26,257 shares of the company’s stock valued at $2,483,000 after purchasing an additional 10,762 shares in the last quarter. Crown Oak Advisors LLC purchased a new position in shares of Church & Dwight in the 4th quarter valued at about $10,142,000. abrdn plc raised its holdings in Church & Dwight by 35.0% in the 4th quarter. abrdn plc now owns 281,416 shares of the company’s stock worth $26,611,000 after purchasing an additional 73,022 shares during the period. Assenagon Asset Management S.A. boosted its position in Church & Dwight by 290.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 56,221 shares of the company’s stock worth $5,316,000 after purchasing an additional 41,804 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Church & Dwight by 6.2% in the fourth quarter. Russell Investments Group Ltd. now owns 185,243 shares of the company’s stock valued at $17,508,000 after purchasing an additional 10,775 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insider Activity at Church & Dwight

In other Church & Dwight news, CEO Matthew Farrell sold 275,000 shares of Church & Dwight stock in a transaction dated Monday, March 11th. The stock was 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 of the company’s stock, valued at approximately $11,703,613.77. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Church & Dwight news, CEO Matthew Farrell sold 275,000 shares of the firm’s stock in a transaction that occurred on 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 owns 112,719 shares of the company’s stock, valued at approximately $11,703,613.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Barry A. Bruno sold 9,926 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total value of $1,037,763.30. Following the sale, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $451,551.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 376,972 shares of company stock worth $39,133,366. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. HSBC increased their target price on Church & Dwight from $110.00 to $114.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Oppenheimer boosted their price objective on Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft raised their target price on Church & Dwight from $109.00 to $112.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Argus upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Friday, February 23rd. Finally, Royal Bank of Canada raised their price objective on Church & Dwight from $94.00 to $103.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Church & Dwight presently has a consensus rating of “Hold” and a consensus target price of $105.56.

Church & Dwight Stock Up 0.5 %

Shares of NYSE:CHD opened at $107.06 on Wednesday. The business has a 50-day moving average price of $104.85 and a 200 day moving average price of $99.24. Church & Dwight Co., Inc. has a 12-month low of $82.25 and a 12-month high of $108.68. The company has a current ratio of 1.33, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $26.18 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 3.47 and a beta of 0.51.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the business earned $0.85 earnings per share. Sell-side analysts expect that Church & Dwight Co., Inc. will post 3.46 EPS for the current year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be paid a $0.2838 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.06%. Church & Dwight’s 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.