Teacher Retirement System of Texas Invests $240,000 in Church & Dwight Co., Inc. (NYSE:CHD)

Teacher Retirement System of Texas purchased a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,291 shares of the company’s stock, valued at approximately $240,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Royal London Asset Management Ltd. grew its position in shares of Church & Dwight by 4.6% during the fourth quarter. Royal London Asset Management Ltd. now owns 466,144 shares of the company’s stock worth $48,810,000 after acquiring an additional 20,433 shares during the last quarter. VSM Wealth Advisory LLC bought a new position in Church & Dwight in the 4th quarter worth about $92,000. Generali Asset Management SPA SGR acquired a new stake in shares of Church & Dwight in the fourth quarter valued at approximately $4,664,000. Evoke Wealth LLC raised its holdings in shares of Church & Dwight by 0.9% during the fourth quarter. Evoke Wealth LLC now owns 13,119 shares of the company’s stock valued at $1,374,000 after buying an additional 119 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Church & Dwight by 24.7% during the fourth quarter. Advisors Asset Management Inc. now owns 73,070 shares of the company’s stock worth $7,651,000 after buying an additional 14,496 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Trading Down 0.5 %

Church & Dwight stock opened at $109.51 on Wednesday. Church & Dwight Co., Inc. has a 1 year low of $96.35 and a 1 year high of $116.46. The firm’s 50 day moving average price is $107.78 and its two-hundred day moving average price is $106.04. The firm has a market cap of $26.95 billion, a price-to-earnings ratio of 46.21, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same quarter last year, the firm earned $0.65 EPS. On average, research analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.295 per share. The ex-dividend date was Friday, February 14th. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 dividend on an annualized basis and a yield of 1.08%. Church & Dwight’s dividend payout ratio is currently 49.79%.

Analyst Ratings Changes

Several analysts recently commented on CHD shares. Piper Sandler lowered 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. Truist Financial raised their price target on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $105.00 price objective on shares of Church & Dwight in a report on Monday, February 3rd. Barclays raised their target price on shares of Church & Dwight from $93.00 to $97.00 and gave the company an “underweight” rating in a research note on Thursday, March 27th. Finally, Stifel Nicolaus upped their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $111.81.

Insiders Place Their Bets

In other news, EVP Rene Hemsey sold 11,060 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the sale, the executive vice president now owns 6,437 shares of the company’s stock, valued at $707,941.26. This trade represents a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight stock in a transaction on Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the transaction, the executive vice president now owns 10,497 shares in the company, valued at $1,217,442.06. This represents a 83.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,570 shares of company stock worth $7,538,449 over the last ninety days. 2.00% of the stock is currently owned by company insiders.

Church & Dwight 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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.