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

Kentucky Retirement Systems Insurance Trust Fund decreased its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 7.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,131 shares of the company’s stock after selling 647 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Church & Dwight were worth $848,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC acquired a new stake in Church & Dwight during the first quarter worth $26,000. Crewe Advisors LLC acquired a new stake in shares of Church & Dwight in the first quarter valued at $28,000. Chilton Capital Management LLC grew its stake in shares of Church & Dwight by 50.0% in 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 in the last quarter. Roble Belko & Company Inc acquired a new stake in shares of Church & Dwight in the first quarter valued at $31,000. Finally, Creekmur Asset Management LLC acquired a new stake in shares of Church & Dwight in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Stock Performance

Shares of CHD traded up $0.36 during midday trading on Monday, reaching $101.74. 355,238 shares of the stock were exchanged, compared to its average volume of 1,317,361. The business’s 50-day moving average price is $105.41 and its 200 day moving average price is $103.40. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.82. 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 capitalization of $24.88 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 3.30 and a beta of 0.52.

Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. The business had revenue of $1.50 billion for 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 revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. On average, sell-side analysts expect that Church & Dwight Co., Inc. will post 3.46 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were given a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.12%. The ex-dividend date was Tuesday, May 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 35.87%.

Insider Activity at Church & Dwight

In related news, Director Penry W. Price sold 7,752 shares of the business’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 transaction, the director now owns 25,692 shares in the company, valued at approximately $2,709,735.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Penry W. Price sold 7,752 shares of the business’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 transaction, the director now owns 25,692 shares in the company, valued at approximately $2,709,735.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert K. Shearer sold 13,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $106.36, for a total value of $1,403,952.00. Following the transaction, the director now owns 29,108 shares in the company, valued at approximately $3,095,926.88. The disclosure for this sale can be found here. Insiders have sold 182,346 shares of company stock worth $19,465,948 in the last quarter. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CHD has been the subject of a number of research reports. HSBC lifted their price objective on Church & Dwight from $110.00 to $114.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Barclays dropped their price objective on Church & Dwight from $82.00 to $80.00 and set an “underweight” rating for the company in a research note on Friday, July 19th. Bank of America lifted their price objective on Church & Dwight from $100.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Truist Financial lifted their target price on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, TD Cowen assumed coverage on Church & Dwight in a report on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 target price for the company. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $107.28.

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.