New York State Common Retirement Fund Has $26.96 Million Position in Church & Dwight Co., Inc. (NYSE:CHD)

New York State Common Retirement Fund cut its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,157 shares of the company's stock after selling 31,853 shares during the period. New York State Common Retirement Fund owned approximately 0.12% of Church & Dwight worth $26,964,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Simplicity Solutions LLC boosted its holdings in shares of Church & Dwight by 69.5% in the fourth quarter. Simplicity Solutions LLC now owns 26,257 shares of the company's stock valued at $2,483,000 after acquiring an additional 10,762 shares in the last quarter. abrdn plc boosted its holdings in Church & Dwight by 35.0% during the fourth quarter. abrdn plc now owns 281,416 shares of the company's stock worth $26,611,000 after buying an additional 73,022 shares in the last quarter. Crown Oak Advisors LLC bought a new stake in Church & Dwight during the fourth quarter worth approximately $10,142,000. Assenagon Asset Management S.A. boosted its holdings in Church & Dwight by 290.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 56,221 shares of the company's stock worth $5,316,000 after buying an additional 41,804 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Church & Dwight by 4.5% during the fourth quarter. Signaturefd LLC now owns 6,916 shares of the company's stock worth $654,000 after buying an additional 300 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Barry A. Bruno sold 9,926 shares of the firm's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the transaction, the executive vice president now owns 4,319 shares in the company, valued at approximately $451,551.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Barry A. Bruno sold 9,926 shares of the firm's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total value of $1,037,763.30. Following the transaction, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $451,551.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew Farrell sold 275,000 shares of the firm's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the completion of the transaction, the chief executive officer now owns 112,719 shares in the company, valued at $11,703,613.77. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 373,052 shares of company stock worth $38,603,796. 2.00% of the stock is owned by corporate insiders.

Church & Dwight Stock Down 0.9 %

CHD stock traded down $0.93 during midday trading on Friday, reaching $106.32. The company had a trading volume of 1,037,566 shares, compared to its average volume of 1,148,941. Church & Dwight Co., Inc. has a 1 year low of $82.25 and a 1 year high of $108.10. The company has a current ratio of 1.08, a quick ratio of 0.64 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $25.93 billion, a P/E ratio of 34.97, a PEG ratio of 3.59 and a beta of 0.53. The company has a 50 day moving average of $102.91 and a two-hundred day moving average of $97.17.

Church & Dwight (NYSE:CHD - Get Free Report) last released its earnings results on Friday, February 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.65. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The company's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 EPS. On average, equities research analysts expect that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were issued a dividend of $0.2838 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.07%. This is an increase from Church & Dwight's previous quarterly dividend of $0.27. Church & Dwight's dividend payout ratio (DPR) is currently 37.17%.

Analysts Set New Price Targets

CHD has been the subject of a number of research reports. Oppenheimer raised their target price on shares of Church & Dwight from $110.00 to $120.00 and gave the stock an "outperform" rating in a report on Tuesday. Barclays raised their target price on shares of Church & Dwight from $80.00 to $83.00 and gave the stock an "underweight" rating in a report on Friday, April 12th. Bank of America upped their price target on shares of Church & Dwight from $100.00 to $104.00 and gave the company a "neutral" rating in a research report on Monday, April 15th. The Goldman Sachs Group assumed coverage on shares of Church & Dwight in a research report on Friday, March 1st. They issued a "buy" rating and a $110.00 price target for the company. Finally, Truist Financial upped their price target on shares of Church & Dwight from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Church & Dwight presently has a consensus rating of "Hold" and a consensus price target of $104.07.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.