New York State Common Retirement Fund Has $21.83 Million Stake in Church & Dwight Co., Inc. (NYSE:CHD)

New York State Common Retirement Fund reduced its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 5.1% during the 4th quarter, HoldingsChannel reports. The firm owned 208,481 shares of the company’s stock after selling 11,155 shares during the quarter. New York State Common Retirement Fund’s holdings in Church & Dwight were worth $21,830,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CHD. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Church & Dwight during the 4th quarter valued at approximately $4,949,000. Atria Wealth Solutions Inc. boosted its position in shares of Church & Dwight by 0.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 12,124 shares of the company’s stock valued at $1,270,000 after acquiring an additional 110 shares during the period. Truist Financial Corp boosted its position in shares of Church & Dwight by 1.0% in the fourth quarter. Truist Financial Corp now owns 44,817 shares of the company’s stock valued at $4,693,000 after acquiring an additional 456 shares during the period. CIBC Asset Management Inc grew its stake in shares of Church & Dwight by 4.5% in the fourth quarter. CIBC Asset Management Inc now owns 37,454 shares of the company’s stock worth $3,922,000 after acquiring an additional 1,626 shares during the last quarter. Finally, Pittenger & Anderson Inc. increased its position in Church & Dwight by 0.3% during the fourth quarter. Pittenger & Anderson Inc. now owns 78,610 shares of the company’s stock worth $8,231,000 after acquiring an additional 211 shares during the period. 86.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CHD has been the subject of a number of research reports. Piper Sandler reduced their price target on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on shares of Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a research note on Friday. Truist Financial boosted their price target on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $105.00 price objective on shares of Church & Dwight in a research report on Monday, February 3rd. Finally, Barclays boosted their price objective on Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $111.47.

Insider Transactions at Church & Dwight

In other news, EVP Rick Spann sold 39,520 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $112.00, for a total transaction of $4,426,240.00. Following the transaction, the executive vice president now directly owns 4,973 shares in the company, valued at approximately $556,976. This represents a 88.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the completion of 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,522 shares of company stock worth $5,487,555. Insiders own 2.00% of the company’s stock.

Church & Dwight Trading Up 0.9 %

Shares of Church & Dwight stock opened at $105.40 on Friday. The stock has a market capitalization of $25.93 billion, a P/E ratio of 44.47, a price-to-earnings-growth ratio of 3.32 and a beta of 0.59. Church & Dwight Co., Inc. has a 12-month low of $96.35 and a 12-month high of $113.50. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The company has a 50-day simple moving average of $105.36 and a 200 day simple moving average of $104.66.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share 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 last year, the business earned $0.65 earnings per share. Research analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $0.295 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a yield of 1.12%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s payout ratio is currently 49.79%.

Church & Dwight Company Profile

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.