State of Michigan Retirement System cut its stake in Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,291 shares of the company’s stock after selling 200 shares during the period. State of Michigan Retirement System’s holdings in Church & Dwight were worth $5,666,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of CHD. Lindbrook Capital LLC lifted its stake in shares of Church & Dwight by 3.0% in the 4th quarter. Lindbrook Capital LLC now owns 4,105 shares of the company’s stock valued at $331,000 after purchasing an additional 121 shares in the last quarter. Apeiron RIA LLC boosted its position in shares of Church & Dwight by 3.8% in the fourth quarter. Apeiron RIA LLC now owns 3,524 shares of the company’s stock worth $284,000 after buying an additional 129 shares during the period. Diversified Trust Co grew its stake in shares of Church & Dwight by 4.9% in the third quarter. Diversified Trust Co now owns 2,977 shares of the company’s stock valued at $213,000 after buying an additional 139 shares in the last quarter. Harrington Investments INC raised its holdings in shares of Church & Dwight by 0.4% during the 4th quarter. Harrington Investments INC now owns 36,580 shares of the company’s stock valued at $2,949,000 after buying an additional 140 shares during the period. Finally, Stokes Capital Advisors LLC boosted its holdings in Church & Dwight by 1.6% in the 3rd quarter. Stokes Capital Advisors LLC now owns 9,065 shares of the company’s stock worth $648,000 after acquiring an additional 145 shares during the period. 80.86% of the stock is owned by institutional investors and hedge funds.
Church & Dwight Trading Down 0.1 %
Shares of NYSE:CHD opened at $90.54 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. Church & Dwight Co., Inc. has a 12-month low of $70.16 and a 12-month high of $105.28. The firm has a fifty day moving average of $84.76 and a two-hundred day moving average of $80.26. The firm has a market capitalization of $22.10 billion, a P/E ratio of 53.89, a price-to-earnings-growth ratio of 3.86 and a beta of 0.46.
Church & Dwight Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th were issued a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 1.20%. The ex-dividend date was Tuesday, February 14th. This is an increase from Church & Dwight’s previous quarterly dividend of $0.26. Church & Dwight’s dividend payout ratio (DPR) is 64.88%.
Insider Activity at Church & Dwight
In related news, Director Ravichandra Krishnamu Saligram sold 17,544 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $84.00, for a total value of $1,473,696.00. Following the completion of the transaction, the director now directly owns 33,835 shares of the company’s stock, valued at $2,842,140. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Ravichandra Krishnamu Saligram sold 17,544 shares of the company’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $84.00, for a total value of $1,473,696.00. Following the completion of the sale, the director now directly owns 33,835 shares of the company’s stock, valued at approximately $2,842,140. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Paul Richard Wood sold 48,262 shares of the business’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $83.37, for a total transaction of $4,023,602.94. Following the completion of the sale, the executive vice president now directly owns 120 shares in the company, valued at $10,004.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,350 shares of company stock worth $6,969,241. 2.00% of the stock is owned by insiders.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Church & Dwight from $91.00 to $92.00 in a research report on Monday, March 20th. Stifel Nicolaus lifted their target price on Church & Dwight from $79.00 to $85.00 and gave the stock a “hold” rating in a research report on Monday, February 6th. TheStreet cut Church & Dwight from a “b” rating to a “c” rating in a research note on Friday, February 3rd. Royal Bank of Canada dropped their price objective on Church & Dwight from $85.00 to $83.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 31st. Finally, Credit Suisse Group raised shares of Church & Dwight from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $85.00 to $95.00 in a research report on Tuesday, January 17th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $87.56.
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, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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