New York State Common Retirement Fund Reduces Position in Church & Dwight Co., Inc. (NYSE:CHD)

New York State Common Retirement Fund lowered its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 31.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,381 shares of the company's stock after selling 66,100 shares during the period. New York State Common Retirement Fund owned approximately 0.06% of Church & Dwight worth $15,675,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Church & Dwight by 89.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,164 shares of the company's stock worth $5,567,000 after acquiring an additional 25,080 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Church & Dwight by 0.5% in the fourth quarter. American Century Companies Inc. now owns 1,426,177 shares of the company's stock worth $149,335,000 after buying an additional 6,425 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Church & Dwight by 19.4% in the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock worth $768,157,000 after buying an additional 1,190,154 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Church & Dwight by 13.4% in the fourth quarter. LPL Financial LLC now owns 184,133 shares of the company's stock worth $19,281,000 after buying an additional 21,742 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its stake in shares of Church & Dwight by 1,201.4% in the first quarter. Penserra Capital Management LLC now owns 8,342 shares of the company's stock worth $918,000 after buying an additional 7,701 shares in the last quarter. Institutional investors own 86.60% of the company's stock.

Insider Transactions at Church & Dwight

In other Church & Dwight news, EVP Michael Read acquired 3,000 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average cost of $92.07 per share, with a total value of $276,210.00. Following the completion of the acquisition, the executive vice president directly owned 5,505 shares in the company, valued at $506,845.35. This represents a 119.76% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 14,660 shares of Church & Dwight stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $99.00, for a total transaction of $1,451,340.00. Following the transaction, the director directly owned 13,747 shares in the company, valued at approximately $1,360,953. The trade was a 51.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,575 shares of company stock worth $4,910,586 in the last quarter. Company insiders own 2.00% of the company's stock.

Church & Dwight Stock Performance

Shares of CHD stock traded down $0.51 during mid-day trading on Friday, reaching $96.52. 1,983,004 shares of the company's stock traded hands, compared to its average volume of 1,770,144. Church & Dwight Co., Inc. has a 12 month low of $90.99 and a 12 month high of $116.46. The firm has a 50 day moving average price of $97.08 and a two-hundred day moving average price of $102.23. 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 firm has a market capitalization of $23.77 billion, a PE ratio of 41.43, a price-to-earnings-growth ratio of 3.89 and a beta of 0.51.

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

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Thursday, May 15th. Church & Dwight's payout ratio is 50.64%.

Analyst Upgrades and Downgrades

CHD has been the topic of several analyst reports. Royal Bank Of Canada upgraded shares of Church & Dwight from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $100.00 to $114.00 in a research note on Monday, June 2nd. Evercore ISI dropped their target price on shares of Church & Dwight from $106.00 to $102.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. UBS Group upped their target price on shares of Church & Dwight from $102.00 to $103.00 and gave the stock a "neutral" rating in a research note on Thursday. Rothschild & Co Redburn downgraded shares of Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 target price on the stock. in a research note on Monday, July 14th. Finally, Bank of America upgraded shares of Church & Dwight from a "neutral" rating to a "buy" rating and increased their price objective for the company from $112.00 to $125.00 in a research report on Tuesday, April 15th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $104.44.

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.