Ontario Teachers Pension Plan Board Trims Position in Church & Dwight Co., Inc. (NYSE:CHD)

Ontario Teachers Pension Plan Board decreased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 29.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 26,366 shares of the company’s stock after selling 10,752 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Church & Dwight were worth $2,750,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Game Plan Financial Advisors LLC purchased a new position in shares of Church & Dwight during the first quarter valued at approximately $26,000. Roble Belko & Company Inc purchased a new position in shares of Church & Dwight during the first quarter valued at approximately $31,000. Chilton Capital Management LLC lifted its stake in shares of Church & Dwight by 50.0% during the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock valued at $31,000 after buying an additional 110 shares during the period. Creekmur Asset Management LLC purchased a new position in shares of Church & Dwight during the fourth quarter valued at approximately $32,000. Finally, Annapolis Financial Services LLC lifted its stake in shares of Church & Dwight by 2,087.5% during the fourth quarter. Annapolis Financial Services LLC now owns 350 shares of the company’s stock valued at $33,000 after buying an additional 334 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CHD shares. Oppenheimer increased their price target on shares of Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. BNP Paribas started coverage on shares of Church & Dwight in a research note on Monday, June 24th. They set a “neutral” rating and a $114.00 price target on the stock. Truist Financial increased their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Argus increased their price target on shares of Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Finally, Evercore ISI increased their price target on shares of Church & Dwight from $107.00 to $110.00 and gave the stock an “in-line” rating in a research note on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $106.76.

Church & Dwight Trading Down 1.9 %

Shares of CHD stock traded down $1.97 during mid-day trading on Monday, reaching $100.64. The company’s stock had a trading volume of 1,892,437 shares, compared to its average volume of 1,326,106. The company’s 50 day simple moving average is $106.05 and its 200-day simple moving average is $103.20. Church & Dwight Co., Inc. has a 12-month low of $82.25 and a 12-month high of $110.31. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $24.61 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 3.35 and a beta of 0.52.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. On average, research analysts predict that Church & Dwight Co., Inc. will post 3.46 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were issued a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Tuesday, May 14th. Church & Dwight’s payout ratio is 35.87%.

Insider Activity at Church & Dwight

In related news, Director Robert K. Shearer sold 13,200 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $106.36, for a total transaction of $1,403,952.00. Following the completion of the sale, the director now directly owns 29,108 shares of the company’s stock, valued at approximately $3,095,926.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Robert K. Shearer sold 13,200 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $106.36, for a total transaction of $1,403,952.00. Following the completion of the sale, the director now directly owns 29,108 shares of the company’s stock, valued at approximately $3,095,926.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,654 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the transaction, the executive vice president now directly owns 10,325 shares of the company’s stock, valued at $1,104,775. The disclosure for this sale can be found here. In the last three months, insiders sold 182,346 shares of company stock valued at $19,465,948. Corporate insiders own 2.00% of the company’s stock.

About Church & Dwight

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.