Church & Dwight Co., Inc. $CHD Stock Acquired by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue increased its Church & Dwight stake by 895.4% in the third quarter, acquiring 207,877 additional shares to hold 231,094 shares valued at approximately $21.8 million. Institutional investors collectively own 86.6% of the company.
• Church & Dwight reported quarterly revenue of $1.53 billion, up 1.6% year over year, but earnings per share of $0.89 narrowly missed analyst expectations. The company declared a quarterly dividend of $0.3075, equivalent to a 1.2% annual yield.
• Analyst sentiment is mixed, with the stock carrying an overall “Hold” rating and an average price target of $104. Recent insider activity was bearish, with insiders selling 53,250 shares worth about $5.46 million over 90 days.

State of Alaska Department of Revenue grew its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 895.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 231,094 shares of the company's stock after acquiring an additional 207,877 shares during the quarter. State of Alaska Department of Revenue owned about 0.10% of Church & Dwight worth $21,774,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Church & Dwight during the second quarter worth $25,000. Clearstead Trust LLC purchased a new position in shares of Church & Dwight in the second quarter worth about $33,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Church & Dwight during the fourth quarter worth about $34,000. Field & Main Bank acquired a new position in Church & Dwight during the second quarter worth about $34,000. Finally, Triumph Capital Management boosted its position in Church & Dwight by 516.4% during the third quarter. Triumph Capital Management now owns 376 shares of the company's stock worth $35,000 after acquiring an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company's stock.

Church & Dwight Trading Up 0.3%

Shares of Church & Dwight stock traded up $0.26 during mid-day trading on Thursday, hitting $102.89. The stock had a trading volume of 960,737 shares, compared to its average volume of 2,053,115. The firm has a 50-day moving average of $98.16 and a two-hundred day moving average of $96.92. The firm has a market cap of $24.41 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 3.56 and a beta of 0.49. The company has a quick ratio of 0.69, a current ratio of 1.15 and a debt-to-equity ratio of 0.51. Church & Dwight Co., Inc. has a 12-month low of $81.33 and a 12-month high of $106.04.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.01). Church & Dwight had a net margin of 11.96% and a return on equity of 20.10%. The firm had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the previous year, the firm posted $0.94 EPS. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. Church & Dwight has set its Q3 2026 guidance at 0.890-0.890 EPS and its FY 2026 guidance at 3.740-3.810 EPS. Sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.78 earnings per share for the current year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were paid a $0.3075 dividend. This represents a $1.23 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 14th. Church & Dwight's dividend payout ratio is 39.55%.

Insiders Place Their Bets

In other news, Director Bradley Irwin sold 4,300 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $102.69, for a total transaction of $441,567.00. Following the completion of the transaction, the director directly owned 35,674 shares in the company, valued at approximately $3,663,363.06. This represents a 10.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Carlos Linares sold 15,375 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $102.00, for a total value of $1,568,250.00. Following the transaction, the executive vice president owned 4,668 shares of the company's stock, valued at approximately $476,136. This represents a 76.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 53,250 shares of company stock worth $5,462,048. Company insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

CHD has been the topic of a number of research reports. Wells Fargo & Company decreased their target price on shares of Church & Dwight from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Monday, October 5th. JPMorgan Chase & Co. upped their price target on Church & Dwight from $99.00 to $105.00 and gave the company a "neutral" rating in a research report on Thursday, July 16th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $115.00 price target on shares of Church & Dwight in a report on Monday, August 3rd. Barclays increased their price target on Church & Dwight from $79.00 to $86.00 and gave the company an "underweight" rating in a report on Tuesday, July 21st. Finally, Wall Street Zen raised Church & Dwight from a "sell" rating to a "hold" rating in a research note on Saturday, October 10th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $104.00.

Church & Dwight Profile

Church & Dwight Co, Inc is a consumer packaged goods company best known for its Arm & Hammer brand. Founded in 1846, the company began by marketing baking soda and has expanded into a broad portfolio of household, personal care and specialty products.

Its consumer products include laundry detergents and additives, cat litter, cleaning products, oral care items, personal care products, condoms and pregnancy tests, vitamins and supplements, hair-care products, depilatories and water flossers.

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:CHD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.