Church & Dwight Co., Inc. (NYSE:CHD) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 5,332.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,446 shares of the company's stock after acquiring an additional 122,155 shares during the period. Teacher Retirement System of Texas owned about 0.05% of Church & Dwight worth $13,700,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Revisor Wealth Management LLC raised its position in shares of Church & Dwight by 113.3% during the 1st quarter. Revisor Wealth Management LLC now owns 4,613 shares of the company's stock worth $508,000 after purchasing an additional 2,450 shares during the last quarter. Private Trust Co. NA raised its position in shares of Church & Dwight by 6.1% during the 1st quarter. Private Trust Co. NA now owns 6,419 shares of the company's stock worth $707,000 after purchasing an additional 369 shares during the last quarter. Rossby Financial LCC acquired a new position in shares of Church & Dwight during the 1st quarter worth approximately $99,000. DAVENPORT & Co LLC raised its position in shares of Church & Dwight by 1.7% during the 1st quarter. DAVENPORT & Co LLC now owns 31,537 shares of the company's stock worth $3,472,000 after purchasing an additional 526 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Church & Dwight by 1.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,084 shares of the company's stock worth $4,193,000 after purchasing an additional 615 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Church & Dwight news, EVP Michael Read purchased 3,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost of $92.07 per share, with a total value of $276,210.00. Following the transaction, the executive vice president owned 5,505 shares in the company, valued at approximately $506,845.35. This trade represents a 119.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Penry W. Price sold 14,660 shares of the company's stock in a transaction 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 directly owned 27,043 shares of the company's stock, valued at approximately $2,518,514.59. This trade represents a 35.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,575 shares of company stock worth $4,910,586 in the last quarter. Insiders own 1.20% of the company's stock.

Church & Dwight Trading Up 0.4%

Shares of NYSE CHD traded up $0.38 during trading on Friday, hitting $98.41. 1,204,908 shares of the company traded hands, compared to its average volume of 1,757,453. Church & Dwight Co., Inc. has a 1 year low of $90.99 and a 1 year high of $116.46. The company has a 50-day moving average price of $96.46 and a 200-day moving average price of $102.78. The firm has a market capitalization of $24.24 billion, a P/E ratio of 42.24, a P/E/G ratio of 3.95 and a beta of 0.51. 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 data on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.02. Church & Dwight had a net margin of 9.52% and a return on equity of 19.28%. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the previous year, the company earned $0.96 EPS. The business's quarterly revenue was down 2.4% compared to the same quarter last year. On average, equities analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were given a dividend of $0.295 per share. 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 (DPR) is 50.64%.

Wall Street Analyst Weigh In

CHD has been the subject of several research reports. Wells Fargo & Company lifted their price objective on Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Evercore ISI lowered their target price on shares of 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. Barclays lowered their target price on shares of Church & Dwight from $94.00 to $84.00 and set an "underweight" rating for the company in a research note on Friday, May 2nd. Bank of America raised shares of Church & Dwight from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $112.00 to $125.00 in a research note on Tuesday, April 15th. Finally, Oppenheimer lowered their target price on shares of Church & Dwight from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $108.29.

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.