New York State Common Retirement Fund Has $26.96 Million Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

New York State Common Retirement Fund cut its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 10.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 285,157 shares of the company’s stock after selling 31,853 shares during the period. New York State Common Retirement Fund owned about 0.12% of Church & Dwight worth $26,964,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Simplicity Solutions LLC raised its holdings in shares of Church & Dwight by 69.5% in the 4th quarter. Simplicity Solutions LLC now owns 26,257 shares of the company’s stock worth $2,483,000 after buying an additional 10,762 shares in the last quarter. abrdn plc increased its holdings in Church & Dwight by 35.0% during the 4th quarter. abrdn plc now owns 281,416 shares of the company’s stock valued at $26,611,000 after purchasing an additional 73,022 shares in the last quarter. Crown Oak Advisors LLC acquired a new stake in Church & Dwight during the 4th quarter valued at $10,142,000. Assenagon Asset Management S.A. increased its holdings in Church & Dwight by 290.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 56,221 shares of the company’s stock valued at $5,316,000 after purchasing an additional 41,804 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Church & Dwight by 4.5% during the 4th quarter. Signaturefd LLC now owns 6,916 shares of the company’s stock valued at $654,000 after purchasing an additional 300 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Church & Dwight news, EVP Michael Read sold 4,500 shares of Church & Dwight stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $105.00, for a total transaction of $472,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Church & Dwight news, CEO Matthew Farrell sold 275,000 shares of Church & Dwight stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at $11,703,613.77. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael Read sold 4,500 shares of Church & Dwight stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $105.00, for a total value of $472,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 373,052 shares of company stock worth $38,603,796. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

CHD has been the subject of a number of recent analyst reports. Truist Financial raised their price target on Church & Dwight from $105.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Royal Bank of Canada raised their price target on Church & Dwight from $94.00 to $103.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. Deutsche Bank Aktiengesellschaft raised their price target on Church & Dwight from $109.00 to $112.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Oppenheimer raised their price target on Church & Dwight from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Stifel Nicolaus raised their price target on Church & Dwight from $91.00 to $99.00 and gave the company a “hold” rating in a report on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Church & Dwight presently has a consensus rating of “Hold” and an average target price of $104.07.

Church & Dwight Stock Down 0.9 %

NYSE:CHD opened at $106.32 on Friday. Church & Dwight Co., Inc. has a 12-month low of $82.25 and a 12-month high of $108.10. The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $25.93 billion, a P/E ratio of 34.97, a P/E/G ratio of 3.59 and a beta of 0.53. The stock’s fifty day simple moving average is $102.91 and its 200-day simple moving average is $97.11.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, February 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.65. Church & Dwight had a return on equity of 20.28% and a net margin of 12.88%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the company earned $0.62 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. Equities research analysts expect that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current year.

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were issued a dividend of $0.2838 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.27. This represents a $1.14 annualized dividend and a yield of 1.07%. Church & Dwight’s payout ratio is currently 37.17%.

Church & Dwight Company Profile

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.