Teachers Retirement System of The State of Kentucky Sells 1,208 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Teachers Retirement System of The State of Kentucky lowered its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 6.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,291 shares of the company’s stock after selling 1,208 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Church & Dwight were worth $1,915,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of Church & Dwight in the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Church & Dwight during the 3rd quarter valued at $28,000. Rothschild Investment LLC acquired a new stake in shares of Church & Dwight during the 2nd quarter worth $31,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Church & Dwight in the second quarter worth $33,000. Finally, Strategic Financial Concepts LLC acquired a new position in Church & Dwight in the second quarter valued at about $38,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CHD shares. Barclays reduced their price objective on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 5th. Piper Sandler assumed coverage on shares of Church & Dwight in a research report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price objective for the company. TD Cowen upped their target price on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price target on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. upped their price objective on Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $109.56.

Insider Transactions at Church & Dwight

In other Church & Dwight news, EVP Rick Spann sold 39,520 shares of Church & Dwight stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $112.00, for a total value of $4,426,240.00. Following the completion of the sale, the executive vice president now directly owns 4,973 shares in the company, valued at approximately $556,976. The trade was a 88.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Arthur B. Winkleblack sold 11,590 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.84, for a total value of $1,203,505.60. Following the transaction, the director now owns 7,129 shares in the company, valued at $740,275.36. The trade was a 61.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 583,035 shares of company stock worth $61,221,708. Company insiders own 2.00% of the company’s stock.

Church & Dwight Price Performance

CHD stock opened at $105.86 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. Church & Dwight Co., Inc. has a 52-week low of $90.69 and a 52-week high of $113.50. The company has a market capitalization of $25.94 billion, a P/E ratio of 47.47, a PEG ratio of 3.86 and a beta of 0.57. The company has a fifty day moving average price of $105.91 and a 200-day moving average price of $104.44.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 EPS. As a group, equities analysts expect that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were issued a dividend of $0.2838 per share. The ex-dividend date was Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.07%. Church & Dwight’s payout ratio is 50.67%.

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.