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

Kentucky Retirement Systems Insurance Trust Fund reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 8.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,248 shares of the company’s stock after selling 639 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Church & Dwight were worth $759,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CHD. Empowered Funds LLC grew its stake in Church & Dwight by 2.8% during the 3rd quarter. Empowered Funds LLC now owns 3,651 shares of the company’s stock worth $382,000 after buying an additional 99 shares during the last quarter. Garner Asset Management Corp boosted its holdings in shares of Church & Dwight by 5.1% during the first quarter. Garner Asset Management Corp now owns 2,058 shares of the company’s stock valued at $215,000 after acquiring an additional 100 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of Church & Dwight by 0.3% during the third quarter. Oppenheimer & Co. Inc. now owns 32,066 shares of the company’s stock worth $3,358,000 after acquiring an additional 104 shares during the last quarter. Elk River Wealth Management LLC increased its holdings in shares of Church & Dwight by 0.3% in the 2nd quarter. Elk River Wealth Management LLC now owns 34,678 shares of the company’s stock worth $3,595,000 after acquiring an additional 114 shares during the period. Finally, Gateway Advisory LLC lifted its position in Church & Dwight by 4.4% in the 2nd quarter. Gateway Advisory LLC now owns 2,855 shares of the company’s stock valued at $296,000 after purchasing an additional 120 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Bradley C. Irwin sold 13,200 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $107.44, for a total transaction of $1,418,208.00. Following the completion of the sale, the director now directly owns 37,169 shares in the company, valued at approximately $3,993,437.36. This trade represents a 26.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Farrell sold 300,000 shares of Church & Dwight stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $103.84, for a total value of $31,152,000.00. Following the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at approximately $11,704,740.96. The trade was a 72.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 490,613 shares of company stock worth $50,858,457 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CHD shares. Truist Financial cut their target price on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Barclays cut 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. Evercore ISI decreased 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. Piper Sandler initiated coverage on shares of Church & Dwight in a research report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a report on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $108.53.

Church & Dwight Stock Performance

Shares of CHD stock opened at $110.29 on Tuesday. The company has a market capitalization of $27.02 billion, a price-to-earnings ratio of 49.46, a P/E/G ratio of 3.99 and a beta of 0.55. Church & Dwight Co., Inc. has a 1-year low of $90.26 and a 1-year high of $110.41. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $103.57 and its 200-day simple moving average is $104.05.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.11. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 EPS. On average, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.2838 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.03%. 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.