State of New Jersey Common Pension Fund D Has $8.83 Million Stock Position in Church & Dwight Co., Inc. $CHD

Key Points

• The State of New Jersey Common Pension Fund D has decreased its stake in Church & Dwight Co., Inc. by 3.5%, now holding 80,229 shares worth approximately $8.83 million.
• Analyst ratings for Church & Dwight are mixed, with four analysts rating it as sell and seven as buy, resulting in an average rating of "Hold" and a target price of $103.94.
• The company recently announced a quarterly dividend of $0.295, with an annualized yield of 1.3%, highlighting its commitment to returning value to shareholders.

State of New Jersey Common Pension Fund D cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,229 shares of the company's stock after selling 2,895 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Church & Dwight were worth $8,832,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CHD. Nuveen LLC purchased a new position in shares of Church & Dwight in the 1st quarter worth about $106,736,000. GAMMA Investing LLC raised its holdings in shares of Church & Dwight by 12,489.8% in the 1st quarter. GAMMA Investing LLC now owns 861,895 shares of the company's stock worth $94,886,000 after purchasing an additional 855,049 shares during the period. Vanguard Group Inc. raised its holdings in shares of Church & Dwight by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company's stock worth $3,461,410,000 after purchasing an additional 750,575 shares during the period. American Century Companies Inc. raised its holdings in shares of Church & Dwight by 48.3% in the 1st quarter. American Century Companies Inc. now owns 2,115,040 shares of the company's stock worth $232,845,000 after purchasing an additional 688,863 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Church & Dwight by 15.0% in the 4th quarter. Northern Trust Corp now owns 3,018,552 shares of the company's stock worth $316,073,000 after purchasing an additional 393,068 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on CHD. Redburn Partners set a $83.00 price objective on Church & Dwight in a report on Monday, July 14th. Evercore ISI lowered their target price on Church & Dwight from $102.00 to $101.00 and set an "in-line" rating for the company in a research note on Monday, August 4th. TD Cowen lowered Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 target price for the company. in a research note on Tuesday, May 6th. Cowen lowered Church & Dwight from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Oppenheimer lowered their target price on Church & Dwight from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $103.94.

Insider Activity

In other news, EVP Carlen Hooker sold 6,380 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $98.30, for a total value of $627,154.00. Following the sale, the executive vice president owned 262 shares of the company's stock, valued at approximately $25,754.60. The trade was a 96.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Read acquired 2,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average cost of $91.27 per share, for a total transaction of $182,540.00. Following the purchase, the executive vice president directly owned 7,505 shares in the company, valued at approximately $684,981.35. This represents a 36.33% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 12,879 shares of company stock worth $1,177,702 and have sold 35,915 shares worth $3,545,300. Insiders own 2.00% of the company's stock.

Church & Dwight Stock Performance

NYSE:CHD traded up $0.0170 during trading hours on Friday, reaching $94.9770. 1,716,960 shares of the stock were exchanged, compared to its average volume of 2,402,085. The company has a quick ratio of 1.33, a current ratio of 1.84 and a debt-to-equity ratio of 0.50. The firm has a 50 day simple moving average of $95.57 and a 200-day simple moving average of $100.34. Church & Dwight Co., Inc. has a 52 week low of $90.50 and a 52 week high of $116.46. The stock has a market capitalization of $23.14 billion, a P/E ratio of 44.80, a P/E/G ratio of 3.92 and a beta of 0.43.

Church & Dwight (NYSE:CHD - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.09. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%.The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the business posted $0.93 EPS. Church & Dwight's quarterly revenue was down .3% compared to the same quarter last year. 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, sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a dividend of $0.295 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.18 annualized dividend and a yield of 1.2%. Church & Dwight's payout ratio is presently 55.66%.

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.