New York State Teachers Retirement System Sells 10,648 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

New York State Teachers Retirement System lessened its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 206,281 shares of the company’s stock after selling 10,648 shares during the period. New York State Teachers Retirement System’s holdings in Church & Dwight were worth $21,600,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. YANKCOM Partnership bought a new stake in shares of Church & Dwight during the 4th quarter valued at $25,000. Capital Performance Advisors LLP bought a new stake in shares of Church & Dwight during the 3rd quarter valued at $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Church & Dwight during the 3rd quarter valued at $28,000. Versant Capital Management Inc raised its position in shares of Church & Dwight by 224.4% during the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock valued at $28,000 after acquiring an additional 184 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Church & Dwight during the 4th quarter valued at $39,000. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Price Performance

Shares of NYSE CHD opened at $105.12 on Monday. The firm has a market cap of $25.75 billion, a PE ratio of 44.36, a PEG ratio of 3.35 and a beta of 0.59. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. Church & Dwight Co., Inc. has a 1-year low of $96.35 and a 1-year high of $113.50. The company has a fifty day moving average price of $105.48 and a 200 day moving average price of $104.54.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter in the previous year, the firm posted $0.65 EPS. Research analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.295 per share. The ex-dividend date is Friday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a yield of 1.12%. Church & Dwight’s payout ratio is 47.68%.

Wall Street Analysts Forecast Growth

CHD has been the subject of several recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. TD Cowen upped their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Wells Fargo & Company boosted their price target on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Barclays boosted their price target on shares of Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a report on Tuesday, February 4th. Finally, Truist Financial boosted their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Church & Dwight currently has a consensus rating of “Hold” and a consensus price target of $111.53.

Insiders Place Their Bets

In other news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $106.11, for a total value of $1,061,100.00. Following the sale, the director now directly owns 32,500 shares of the company’s stock, valued at approximately $3,448,575. This represents a 23.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Joseph James Longo sold 7,780 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $112.44, for a total transaction of $874,783.20. Following the completion of the sale, the chief accounting officer now directly owns 400 shares in the company, valued at approximately $44,976. The trade was a 95.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,422 shares of company stock valued at $11,424,351 in the last three months. 2.00% of the stock is currently owned by corporate insiders.

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.