Teachers Retirement System of The State of Kentucky Cuts Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Teachers Retirement System of The State of Kentucky decreased its holdings in Church & Dwight Co., Inc. (NYSE:CHDGet Rating) by 4.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,347 shares of the company’s stock after selling 755 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Church & Dwight were worth $1,724,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. First National Bank of Omaha boosted its stake in shares of Church & Dwight by 42.1% in the 1st quarter. First National Bank of Omaha now owns 83,434 shares of the company’s stock valued at $8,292,000 after purchasing an additional 24,731 shares in the last quarter. M Holdings Securities Inc. purchased a new stake in Church & Dwight during the 1st quarter valued at $240,000. Advisory Services Network LLC boosted its position in Church & Dwight by 19.6% during the 1st quarter. Advisory Services Network LLC now owns 19,018 shares of the company’s stock valued at $1,891,000 after buying an additional 3,114 shares during the period. Toroso Investments LLC boosted its position in Church & Dwight by 12.4% during the 1st quarter. Toroso Investments LLC now owns 5,187 shares of the company’s stock valued at $515,000 after buying an additional 572 shares during the period. Finally, Gabelli Funds LLC boosted its position in Church & Dwight by 2.5% during the 1st quarter. Gabelli Funds LLC now owns 167,000 shares of the company’s stock valued at $16,596,000 after buying an additional 4,000 shares during the period. Hedge funds and other institutional investors own 82.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Church & Dwight from $84.00 to $86.00 in a research report on Thursday, July 21st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Church & Dwight from $93.00 to $90.00 in a research report on Wednesday, September 7th. Barclays dropped their target price on shares of Church & Dwight from $76.00 to $73.00 and set an “underweight” rating for the company in a research report on Wednesday, September 7th. Truist Financial cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a research report on Thursday, September 8th. Finally, Morgan Stanley lowered their price objective on shares of Church & Dwight from $86.00 to $82.00 and set an “underweight” rating for the company in a report on Monday, August 1st. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $91.64.

Insider Transactions at Church & Dwight

In related news, EVP Rene Hemsey sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $76.77, for a total value of $383,850.00. Following the transaction, the executive vice president now directly owns 6,259 shares of the company’s stock, valued at approximately $480,503.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.

Church & Dwight Stock Performance

Shares of CHD opened at $74.69 on Thursday. The company has a quick ratio of 0.63, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average price is $86.55 and its 200-day moving average price is $92.14. Church & Dwight Co., Inc. has a 52 week low of $74.67 and a 52 week high of $105.28. The stock has a market cap of $18.14 billion, a P/E ratio of 23.71, a P/E/G ratio of 3.82 and a beta of 0.35.

Church & Dwight (NYSE:CHDGet Rating) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. Church & Dwight had a return on equity of 21.89% and a net margin of 14.71%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the firm posted $0.76 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that Church & Dwight Co., Inc. will post 2.97 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were given a $0.2625 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.41%. Church & Dwight’s dividend payout ratio is currently 33.33%.

About Church & Dwight

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Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through 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; battery-operated and manual 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 replacement showerheads under the WATERPIK brand; FLAWLESS products; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.

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

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