Public Employees Retirement System of Ohio Sells 4,415 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Public Employees Retirement System of Ohio decreased its position in Church & Dwight Co., Inc. (NYSE:CHD) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,620 shares of the company’s stock after selling 4,415 shares during the period. Public Employees Retirement System of Ohio’s holdings in Church & Dwight were worth $9,280,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Millennium Management LLC increased its holdings in Church & Dwight by 1,617.3% in the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock worth $134,043,000 after acquiring an additional 1,217,568 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of 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 buying an additional 1,074,588 shares in the last quarter. Holocene Advisors LP bought a new position in Church & Dwight in the 3rd quarter worth approximately $104,795,000. State Street Corp grew its stake in Church & Dwight by 8.0% in the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company’s stock valued at $1,373,542,000 after buying an additional 969,006 shares in the last quarter. Finally, World Investment Advisors LLC bought a new stake in Church & Dwight during the 3rd quarter valued at $58,338,000. 86.60% of the stock is owned by institutional investors.

Insider Activity at Church & Dwight

In related news, CEO Matthew Farrell sold 165,823 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $103.03, for a total value of $17,084,743.69. Following the completion of the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at $11,613,438.57. The trade was a 59.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Joseph James Longo sold 7,780 shares of Church & Dwight stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $112.44, for a total value of $874,783.20. Following the completion of the sale, the chief accounting officer now directly owns 400 shares of the company’s stock, valued at approximately $44,976. The trade was a 95.11 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 583,035 shares of company stock valued at $61,221,708. 2.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Morgan Stanley cut shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price on the stock. in a research note on Monday, September 9th. Piper Sandler started 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 for the company. Barclays lowered their price objective on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research 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 given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $108.53.

Church & Dwight Stock Performance

Shares of CHD stock opened at $105.33 on Friday. The company’s fifty day moving average price is $105.60 and its 200-day moving average price is $104.42. The stock has a market cap of $25.81 billion, a PE ratio of 47.23, a price-to-earnings-growth ratio of 3.86 and a beta of 0.57. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 12 month low of $90.26 and a 12 month high of $113.50.

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

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Friday, November 15th. Church & Dwight’s payout ratio is 50.67%.

Church & Dwight 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.