Public Employees Retirement Association of Colorado Sells 315 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Public Employees Retirement Association of Colorado lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 212,412 shares of the company’s stock after selling 315 shares during the period. Public Employees Retirement Association of Colorado owned 0.09% of Church & Dwight worth $22,242,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CHD. Vanguard Group Inc. boosted its position in Church & Dwight by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company’s stock valued at $3,213,661,000 after purchasing an additional 193,602 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Church & Dwight by 19.4% in the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company’s stock worth $768,157,000 after purchasing an additional 1,190,154 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Church & Dwight by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company’s stock worth $617,794,000 after acquiring an additional 148,234 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Church & Dwight by 0.5% during the fourth quarter. Stifel Financial Corp now owns 4,316,414 shares of the company’s stock valued at $451,975,000 after acquiring an additional 20,887 shares in the last quarter. Finally, Norges Bank acquired a new stake in Church & Dwight in the 4th quarter worth approximately $318,532,000. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Down 1.1 %

Shares of NYSE CHD opened at $99.10 on Monday. The business has a 50-day moving average price of $106.84 and a 200 day moving average price of $106.18. The stock has a market cap of $24.39 billion, a PE ratio of 41.81, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a 52-week low of $96.35 and a 52-week high of $116.46. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, meeting the consensus estimate 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 posted $0.65 EPS. Equities research analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.19%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight’s dividend payout ratio is 49.79%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CHD shares. Barclays dropped their price target on Church & Dwight from $97.00 to $94.00 and set an “underweight” rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. reduced their price objective 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $105.00 price target on shares of Church & Dwight in a research report on Monday, February 3rd. 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 research note on Monday, February 3rd. Finally, UBS Group raised their target price on Church & Dwight from $109.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. Two investment 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $112.13.

Insiders Place Their Bets

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Rene Hemsey sold 11,060 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 6,437 shares in the company, valued at $707,941.26. This represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,570 shares of company stock worth $7,538,449. 2.00% of the stock is owned by corporate insiders.

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.