Teacher Retirement System of Texas Raises Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Teacher Retirement System of Texas grew its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 5,332.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,446 shares of the company's stock after purchasing an additional 122,155 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of Church & Dwight worth $13,700,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Church & Dwight in the 4th quarter valued at about $318,532,000. JPMorgan Chase & Co. increased its position 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 valued at $768,157,000 after buying an additional 1,190,154 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Church & Dwight by 12,489.8% in the first quarter. GAMMA Investing LLC now owns 861,895 shares of the company's stock valued at $94,886,000 after buying an additional 855,049 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Church & Dwight in the fourth quarter valued at approximately $76,565,000. Finally, Ceredex Value Advisors LLC purchased a new stake in Church & Dwight in the 4th quarter worth $49,504,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Carlen Hooker sold 11,875 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $98.75, for a total transaction of $1,172,656.25. Following the completion of the sale, the executive vice president owned 262 shares in the company, valued at $25,872.50. The trade was a 97.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Penry W. Price sold 14,660 shares of the business'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 transaction of $1,365,285.80. Following the sale, the director owned 27,043 shares of the company's stock, valued at $2,518,514.59. This represents a 35.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,575 shares of company stock valued at $4,910,586 over the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CHD has been the subject of several research reports. Evercore ISI cut their price objective on Church & Dwight from $106.00 to $102.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. Morgan Stanley dropped their price target on Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Wall Street Zen raised shares of Church & Dwight from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. UBS Group dropped their target price on shares of Church & Dwight from $110.00 to $102.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Finally, Cowen cut shares of Church & Dwight from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Two equities 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $108.29.

Church & Dwight Trading Up 0.2%

CHD stock traded up $0.19 during mid-day trading on Monday, hitting $98.60. 1,263,754 shares of the company were exchanged, compared to its average volume of 1,755,701. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $24.28 billion, a P/E ratio of 42.32, a PEG ratio of 3.95 and a beta of 0.51. The business has a fifty day simple moving average of $96.46 and a 200-day simple moving average of $102.76. Church & Dwight Co., Inc. has a 12-month low of $90.99 and a 12-month high of $116.46.

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

Church & Dwight Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 1.20%. Church & Dwight's dividend payout ratio is currently 50.64%.

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.