Public Employees Retirement System of Ohio Sells 35,017 Shares of Church & Dwight Co., Inc. $CHD

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Church & Dwight Co., Inc. by 31.4%, selling 35,017 shares during the 2nd quarter.
• Church & Dwight recently reported a net margin of 8.66% and a return on equity of 19.27%, with revenue decreasing by 0.3% from the previous year.
• The company declared a quarterly dividend of $0.295 per share, reflecting an annualized yield of 1.4%.

Public Employees Retirement System of Ohio reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 31.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,468 shares of the company's stock after selling 35,017 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Church & Dwight were worth $7,349,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CHD. Vanguard Group Inc. lifted its position in Church & Dwight by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company's stock worth $3,461,410,000 after buying an additional 750,575 shares in the last quarter. Northern Trust Corp lifted its position in Church & Dwight by 2.6% during the 1st quarter. Northern Trust Corp now owns 3,097,722 shares of the company's stock worth $341,028,000 after buying an additional 79,170 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Church & Dwight by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,558,231 shares of the company's stock worth $281,636,000 after buying an additional 153,270 shares in the last quarter. American Century Companies Inc. lifted its position in Church & Dwight by 48.3% during the 1st quarter. American Century Companies Inc. now owns 2,115,040 shares of the company's stock worth $232,845,000 after buying an additional 688,863 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Church & Dwight by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,474,870 shares of the company's stock worth $162,368,000 after buying an additional 26,286 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CHD. Truist Financial set a $110.00 price objective on shares of Church & Dwight and gave the stock a "buy" rating in a research note on Friday, June 6th. Redburn Atlantic lowered shares of Church & Dwight from a "hold" rating to a "strong sell" rating in a research note on Monday, July 14th. Wall Street Zen upgraded shares of Church & Dwight from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. JPMorgan Chase & Co. decreased their price target on shares of Church & Dwight from $97.00 to $92.00 and set an "underweight" rating on the stock in a research note on Monday, August 4th. Finally, Wells Fargo & Company cut their price objective on shares of Church & Dwight from $108.00 to $100.00 and set an "overweight" rating for the company in a report on Thursday. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $103.44.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Lee B. Mcchesney purchased 5,409 shares of the firm's stock in a transaction on Friday, August 8th. The stock was purchased at an average cost of $91.38 per share, for a total transaction of $494,274.42. Following the transaction, the executive vice president owned 5,409 shares in the company, valued at $494,274.42. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Richard A. Dierker purchased 5,470 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was acquired at an average price of $91.57 per share, with a total value of $500,887.90. Following the completion of the transaction, the chief executive officer owned 27,212 shares in the company, valued at approximately $2,491,802.84. This trade represents a 25.16% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 12,879 shares of company stock worth $1,177,702. 2.00% of the stock is currently owned by company insiders.

Church & Dwight Stock Performance

Shares of Church & Dwight stock opened at $86.70 on Friday. The company has a 50 day moving average of $93.00 and a 200-day moving average of $97.48. Church & Dwight Co., Inc. has a 1-year low of $85.61 and a 1-year high of $116.46. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The company has a market cap of $21.12 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 3.58 and a beta of 0.44.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.85 by $0.09. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. Church & Dwight had a net margin of 8.66% and a return on equity of 19.27%. The firm's revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 EPS. Church & Dwight has set its FY 2025 guidance at 3.440-3.510 EPS. Q3 2025 guidance at 0.720-0.720 EPS. As a group, equities research analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a $0.295 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.18 annualized dividend and a yield of 1.4%. Church & Dwight's dividend payout ratio is presently 55.66%.

About Church & Dwight

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.

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