Church & Dwight Co., Inc. (NYSE:CHD) Position Trimmed by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System decreased its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHDGet Rating) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 318,877 shares of the company’s stock after selling 3,138 shares during the period. State Board of Administration of Florida Retirement System owned about 0.13% of Church & Dwight worth $31,690,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of Church & Dwight by 2.8% during the fourth quarter. BlackRock Inc. now owns 19,102,645 shares of the company’s stock worth $1,958,022,000 after acquiring an additional 514,589 shares during the last quarter. State Street Corp grew its position in shares of Church & Dwight by 1.3% during the fourth quarter. State Street Corp now owns 12,291,175 shares of the company’s stock worth $1,259,845,000 after acquiring an additional 154,906 shares during the last quarter. Fundsmith LLP grew its position in shares of Church & Dwight by 5.8% during the fourth quarter. Fundsmith LLP now owns 11,658,319 shares of the company’s stock worth $1,194,978,000 after acquiring an additional 635,823 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Church & Dwight by 35.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,087,707 shares of the company’s stock worth $623,990,000 after acquiring an additional 1,596,506 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Church & Dwight by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,632,313 shares of the company’s stock worth $473,581,000 after acquiring an additional 106,461 shares during the last quarter. Institutional investors own 84.81% of the company’s stock.

Church & Dwight Price Performance

Shares of NYSE CHD opened at $86.97 on Friday. Church & Dwight Co., Inc. has a twelve month low of $80.34 and a twelve month high of $105.28. The company has a current ratio of 1.01, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $21.13 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 3.62 and a beta of 0.34. The firm has a 50-day moving average of $90.45 and a two-hundred day moving average of $95.89.

Church & Dwight (NYSE:CHDGet Rating) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. Church & Dwight had a net margin of 14.71% and a return on equity of 21.89%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the company earned $0.76 EPS. Church & Dwight’s revenue was up 4.2% on a year-over-year basis. As a group, analysts expect that Church & Dwight Co., Inc. will post 3.02 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 15th will be paid a dividend of $0.2625 per share. This represents a $1.05 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Friday, August 12th. Church & Dwight’s dividend payout ratio is presently 33.33%.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, Director Bradley C. Irwin sold 7,000 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $97.86, for a total transaction of $685,020.00. Following the completion of the sale, the director now directly owns 41,636 shares of the company’s stock, valued at $4,074,498.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

CHD has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of Church & Dwight from $84.00 to $86.00 in a research report on Thursday, July 21st. Barclays lowered their price target on shares of Church & Dwight from $78.00 to $76.00 and set an “underweight” rating for the company in a research report on Tuesday. Truist Financial reduced their price objective on shares of Church & Dwight from $120.00 to $100.00 and set a “buy” rating for the company in a report on Monday. Wells Fargo & Company reduced their price objective on shares of Church & Dwight from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Monday. Finally, The Goldman Sachs Group reduced their price objective on shares of Church & Dwight from $104.00 to $93.00 and set a “neutral” rating for the company in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and an average price target of $94.79.

About Church & Dwight

(Get Rating)

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through 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; battery-operated and manual 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 replacement showerheads under the WATERPIK brand; FLAWLESS products; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.

See Also

Want to see what other hedge funds are holding CHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Church & Dwight Co., Inc. (NYSE:CHDGet Rating).

Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

Receive News & Ratings for Church & Dwight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Church & Dwight and related companies with MarketBeat.com's FREE daily email newsletter.