New York State Teachers Retirement System Has $21.91 Million Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

New York State Teachers Retirement System trimmed its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 3.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 199,017 shares of the company's stock after selling 7,264 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Church & Dwight worth $21,910,000 as of its most recent filing with the SEC.

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

Church & Dwight Stock Up 0.4%

Shares of NYSE:CHD traded up $0.42 during midday trading on Thursday, hitting $98.45. The stock had a trading volume of 423,829 shares, compared to its average volume of 1,747,833. The company has a market cap of $24.25 billion, a P/E ratio of 42.26, a PEG ratio of 3.92 and a beta of 0.51. Church & Dwight Co., Inc. has a 12 month low of $90.99 and a 12 month high of $116.46. The business's 50-day simple moving average is $96.50 and its 200-day simple moving average is $102.91. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.48.

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

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were paid a $0.295 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.18 annualized dividend and a yield of 1.20%. Church & Dwight's dividend payout ratio (DPR) is currently 50.64%.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, Director Penry W. Price sold 14,660 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $93.13, for a total value of $1,365,285.80. Following the sale, the director owned 27,043 shares in the company, valued at $2,518,514.59. This represents a 35.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $99.00, for a total value of $1,451,340.00. Following the completion of the sale, the director directly owned 13,747 shares of the company's stock, 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 a total of 50,575 shares of company stock valued at $4,910,586 in the last three months. Corporate insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on CHD shares. Morgan Stanley cut their price target on Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Evercore ISI dropped their target price on Church & Dwight from $106.00 to $102.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Oppenheimer reduced their price target on Church & Dwight from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. JPMorgan Chase & Co. decreased their price target on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. Finally, UBS Group cut their price objective on shares of Church & Dwight from $110.00 to $102.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Church & Dwight presently has an average rating of "Hold" and an average price target of $108.29.

Church & Dwight 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.