Public Employees Retirement Association of Colorado Reduces Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Public Employees Retirement Association of Colorado reduced its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.9% during the first quarter, Holdings Channel reports. The institutional investor owned 214,147 shares of the company’s stock after selling 1,868 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Church & Dwight were worth $22,338,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Game Plan Financial Advisors LLC purchased a new position in Church & Dwight during the 1st quarter valued at $26,000. Crewe Advisors LLC purchased a new stake in shares of Church & Dwight during the 1st quarter worth $28,000. Chilton Capital Management LLC increased its position in Church & Dwight by 50.0% during the 4th quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock valued at $31,000 after buying an additional 110 shares in the last quarter. Roble Belko & Company Inc acquired a new position in Church & Dwight during the 1st quarter valued at about $31,000. Finally, Creekmur Asset Management LLC acquired a new position in Church & Dwight during the 4th quarter valued at about $32,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Stock Up 0.8 %

CHD traded up $0.80 on Monday, hitting $102.18. 587,422 shares of the company were exchanged, compared to its average volume of 1,318,887. Church & Dwight Co., Inc. has a twelve month low of $82.25 and a twelve month high of $110.31. The company has a market cap of $24.99 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 3.30 and a beta of 0.52. 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 firm has a 50-day moving average price of $105.41 and a two-hundred day moving average price of $103.40.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 20.35% and a net margin of 13.13%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. On average, equities analysts predict that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were given a $0.2838 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.11%. Church & Dwight’s dividend payout ratio (DPR) is presently 35.87%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CHD shares. Oppenheimer increased their price objective on Church & Dwight from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, April 23rd. Barclays lowered their price target on Church & Dwight from $82.00 to $80.00 and set an “underweight” rating on the stock in a research report on Friday, July 19th. Truist Financial lifted their price target on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. boosted their price objective on Church & Dwight from $97.00 to $101.00 and gave the stock an “underweight” rating in a research note on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $107.28.

Insider Activity at Church & Dwight

In related news, Director Penry W. Price sold 7,752 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $105.47, for a total value of $817,603.44. Following the completion of the sale, the director now directly owns 25,692 shares of the company’s stock, valued at approximately $2,709,735.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Church & Dwight news, Director Penry W. Price sold 7,752 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $105.47, for a total transaction of $817,603.44. Following the completion of the sale, the director now directly owns 25,692 shares of the company’s stock, valued at approximately $2,709,735.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert K. Shearer sold 13,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $106.36, for a total value of $1,403,952.00. Following the sale, the director now directly owns 29,108 shares of the company’s stock, valued at $3,095,926.88. The disclosure for this sale can be found here. Insiders sold a total of 182,346 shares of company stock valued at $19,465,948 in the last three months. 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.