7,094 Shares in Church & Dwight Co., Inc. (NYSE:CHD) Acquired by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund bought a new position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,094 shares of the company's stock, valued at approximately $781,000.

A number of other hedge funds have also added to or reduced their stakes in the business. IAG Wealth Partners LLC boosted its position in Church & Dwight by 92.9% in the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock worth $30,000 after purchasing an additional 130 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of Church & Dwight during the 4th quarter valued at $40,000. Versant Capital Management Inc raised its stake in shares of Church & Dwight by 42.1% during the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $42,000 after purchasing an additional 112 shares during the period. Banque Transatlantique SA purchased a new position in Church & Dwight during the fourth quarter worth about $46,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Church & Dwight by 50.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 575 shares of the company's stock worth $60,000 after buying an additional 193 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Penry W. Price sold 14,660 shares of Church & Dwight stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $93.13, for a total transaction of $1,365,285.80. Following the transaction, the director now directly owns 27,043 shares of the company's stock, valued at $2,518,514.59. The trade was a 35.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Read acquired 3,000 shares of the stock in a transaction dated Friday, May 9th. The shares were bought at an average cost of $92.07 per share, for a total transaction of $276,210.00. Following the completion of the transaction, the executive vice president now owns 5,505 shares in the company, valued at approximately $506,845.35. This represents a 119.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 50,575 shares of company stock valued at $4,910,586 in the last ninety days. Corporate insiders own 2.00% of the company's stock.

Church & Dwight Stock Performance

Shares of CHD stock traded down $0.29 on Thursday, reaching $94.97. The stock had a trading volume of 2,056,025 shares, compared to its average volume of 1,758,730. The stock has a market cap of $23.39 billion, a P/E ratio of 40.76, a price-to-earnings-growth ratio of 3.85 and a beta of 0.52. Church & Dwight Co., Inc. has a 1 year low of $90.99 and a 1 year high of $116.46. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.43 and a current ratio of 1.95. The company has a 50 day simple moving average of $97.27 and a 200 day simple moving average of $103.24.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.02. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.52 billion. Church & Dwight had a return on equity of 19.28% and a net margin of 9.52%. The company's revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the business posted $0.96 EPS. Equities research analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, May 15th. Church & Dwight's dividend payout ratio (DPR) is currently 50.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CHD shares. Barclays cut their price objective on Church & Dwight from $94.00 to $84.00 and set an "underweight" rating for the company in a report on Friday, May 2nd. Wells Fargo & Company increased their price objective on Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. JPMorgan Chase & Co. decreased their target price on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a research report on Friday, April 11th. UBS Group reduced their price objective on Church & Dwight from $110.00 to $102.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Finally, Truist Financial set a $110.00 target price on Church & Dwight and gave the stock a "buy" rating in a report on Friday, June 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $108.29.

Church & Dwight Company Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.