Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems reduced its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,823 shares of the company’s stock after selling 232 shares during the period. Kentucky Retirement Systems’ holdings in Church & Dwight were worth $1,762,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC raised its position in shares of Church & Dwight by 2.8% during the 3rd quarter. Empowered Funds LLC now owns 3,651 shares of the company’s stock valued at $382,000 after acquiring an additional 99 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Church & Dwight by 0.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,066 shares of the company’s stock valued at $3,358,000 after acquiring an additional 104 shares in the last quarter. HCR Wealth Advisors raised its position in shares of Church & Dwight by 0.9% during the 4th quarter. HCR Wealth Advisors now owns 11,754 shares of the company’s stock valued at $1,231,000 after acquiring an additional 106 shares in the last quarter. Kingsview Wealth Management LLC raised its position in shares of Church & Dwight by 3.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 3,373 shares of the company’s stock valued at $353,000 after acquiring an additional 107 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its position in Church & Dwight by 0.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 12,124 shares of the company’s stock worth $1,270,000 after buying an additional 110 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Trading Up 0.9 %

Shares of CHD stock opened at $105.40 on Friday. The stock has a 50-day simple moving average of $105.35 and a 200 day simple moving average of $104.69. Church & Dwight Co., Inc. has a fifty-two week low of $96.35 and a fifty-two week high of $113.50. The stock has a market capitalization of $25.93 billion, a P/E ratio of 44.47, a P/E/G ratio of 3.32 and a beta of 0.59. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same quarter in the previous year, the company earned $0.65 earnings per share. On average, sell-side analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a dividend of $0.295 per share. The ex-dividend date is Friday, February 14th. This represents a $1.18 annualized dividend and a yield of 1.12%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio (DPR) is currently 49.79%.

Insider Activity at Church & Dwight

In related news, EVP Michael Read purchased 1,100 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the transaction, the executive vice president now directly owns 2,505 shares of the company’s stock, valued at $267,584.10. This trade represents a 78.29 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the stock in a transaction on 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 completion of the transaction, the director now owns 32,500 shares of the company’s stock, valued at $3,448,575. This trade represents a 23.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,522 shares of company stock valued at $5,487,555 over the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CHD. Stifel Nicolaus increased their target price on Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research report on Monday, February 3rd. Wells Fargo & Company increased their target price on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Piper Sandler dropped their target price on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. TD Cowen increased their target price on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. Two investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $111.47.

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.