State of Tennessee Department of Treasury Decreases Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

State of Tennessee Department of Treasury reduced its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,414 shares of the company's stock after selling 3,890 shares during the quarter. State of Tennessee Department of Treasury's holdings in Church & Dwight were worth $6,745,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Church & Dwight in the 4th quarter valued at approximately $318,532,000. JPMorgan Chase & Co. boosted its stake in shares of Church & Dwight by 19.4% during the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock valued at $768,157,000 after purchasing an additional 1,190,154 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Church & Dwight in the fourth quarter valued at approximately $76,565,000. World Investment Advisors LLC bought a new stake in Church & Dwight during the 3rd quarter worth approximately $58,338,000. Finally, Ceredex Value Advisors LLC bought a new position in Church & Dwight during the 4th quarter worth $49,504,000. Institutional investors own 86.60% of the company's stock.

Church & Dwight Stock Performance

CHD stock traded down $0.57 during mid-day trading on Wednesday, hitting $98.44. The company had a trading volume of 472,576 shares, compared to its average volume of 1,550,080. Church & Dwight Co., Inc. has a 12 month low of $96.35 and a 12 month high of $116.46. The stock's fifty day moving average price is $106.63 and its two-hundred day moving average price is $106.11. The firm has a market cap of $24.23 billion, a PE ratio of 41.52, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70.

Church & Dwight (NYSE:CHD - Get Free Report) last released its earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same period in the prior year, the company earned $0.65 earnings per share. On average, analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 1.20%. Church & Dwight's dividend payout ratio is presently 49.79%.

Analyst Ratings Changes

Several research firms recently issued reports on CHD. Truist Financial boosted their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a report on Monday, February 3rd. UBS Group boosted their price objective on Church & Dwight from $109.00 to $110.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. decreased their target price on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company boosted their price target on Church & Dwight from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $105.00 price objective on shares of Church & Dwight in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $112.29.

Insider Buying and Selling

In related news, EVP Rene Hemsey sold 11,060 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total value of $1,216,378.80. Following the sale, the executive vice president now directly owns 6,437 shares of the company's stock, valued at $707,941.26. This trade represents a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the transaction, the executive vice president now directly owns 10,497 shares in the company, valued at $1,217,442.06. The trade was a 83.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,570 shares of company stock worth $7,538,449. Corporate insiders own 2.00% of the company's stock.

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.