Teachers Retirement System of The State of Kentucky Trims Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Teachers Retirement System of The State of Kentucky lessened its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,499 shares of the company’s stock after selling 574 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Church & Dwight were worth $2,021,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CHD. Millennium Management LLC boosted its stake in Church & Dwight by 1,617.3% during the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock valued at $134,043,000 after purchasing an additional 1,217,568 shares during the last quarter. Marshall Wace LLP lifted its stake in Church & Dwight by 4,161.5% during the 2nd quarter. Marshall Wace LLP now owns 1,100,410 shares of the company’s stock valued at $114,091,000 after acquiring an additional 1,074,588 shares during the period. Capital Research Global Investors purchased a new stake in shares of Church & Dwight during the 1st quarter valued at about $69,384,000. Vanguard Group Inc. grew its stake in shares of Church & Dwight by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock worth $2,861,865,000 after acquiring an additional 354,946 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Church & Dwight by 26.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,334,950 shares of the company’s stock valued at $126,233,000 after purchasing an additional 277,017 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Performance

Shares of CHD stock opened at $101.03 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. The company has a market cap of $24.70 billion, a PE ratio of 32.07, a PEG ratio of 3.82 and a beta of 0.54. Church & Dwight Co., Inc. has a 12-month low of $82.25 and a 12-month high of $110.31. The business’s fifty day simple moving average is $102.35 and its 200-day simple moving average is $104.16.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.09. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. Analysts expect that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, August 15th. Church & Dwight’s payout ratio is 35.87%.

Insider Buying and Selling

In other news, EVP Barry A. Bruno sold 59,328 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the sale, the executive vice president now owns 4,319 shares in the company, valued at $429,179.03. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CHD. Wells Fargo & Company decreased their target price on shares of Church & Dwight from $116.00 to $108.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Truist Financial dropped their target price on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, August 5th. JPMorgan Chase & Co. dropped their price target on Church & Dwight from $101.00 to $97.00 and set an “underweight” rating for the company in a research note on Monday, August 5th. Evercore ISI dropped their target price on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a research report on Monday, August 5th. Finally, TD Cowen assumed coverage on shares of Church & Dwight in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Church & Dwight has a consensus rating of “Hold” and an average price target of $107.25.

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.