Church & Dwight Co., Inc. (NYSE:CHD) Shares Acquired by Arizona State Retirement System

Posted by Defense World Staff on Jul 17th, 2023

Arizona State Retirement System boosted its holdings in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,899 shares of the company’s stock after purchasing an additional 2,142 shares during the quarter. Arizona State Retirement System’s holdings in Church & Dwight were worth $6,268,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Church & Dwight in the 1st quarter valued at $29,000. Thompson Investment Management Inc. purchased a new stake in Church & Dwight in the 1st quarter valued at $40,000. ST Germain D J Co. Inc. purchased a new stake in Church & Dwight in the 4th quarter valued at $38,000. Delta Asset Management LLC TN purchased a new stake in Church & Dwight in the 4th quarter valued at $40,000. Finally, Money Concepts Capital Corp raised its position in Church & Dwight by 468.2% in the 4th quarter. Money Concepts Capital Corp now owns 625 shares of the company’s stock valued at $50,000 after purchasing an additional 515 shares during the last quarter. Hedge funds and other institutional investors own 82.61% of the company’s stock.

Church & Dwight Price Performance

Shares of NYSE CHD opened at $98.82 on Monday. The stock has a market cap of $24.14 billion, a price-to-earnings ratio of 59.17, a PEG ratio of 4.04 and a beta of 0.48. Church & Dwight Co., Inc. has a 52 week low of $70.16 and a 52 week high of $100.52. The company’s 50-day moving average price is $96.07 and its 200 day moving average price is $89.38. The company has a current ratio of 1.18, a quick ratio of 0.60 and a debt-to-equity ratio of 0.65.

Church & Dwight (NYSE:CHD – Get Free Report) last issued its quarterly earnings data on Thursday, April 27th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Church & Dwight had a net margin of 7.49% and a return on equity of 20.49%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.83 EPS. As a group, research analysts forecast that Church & Dwight Co., Inc. will post 3.1 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 15th were paid a $0.2725 dividend. The ex-dividend date of this dividend was Friday, May 12th. This represents a $1.09 dividend on an annualized basis and a yield of 1.10%. Church & Dwight’s payout ratio is 65.27%.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Barry A. Bruno sold 6,440 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $96.27, for a total transaction of $619,978.80. Following the sale, the executive vice president now directly owns 4,302 shares of the company’s stock, valued at approximately $414,153.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Church & Dwight news, EVP Barry A. Bruno sold 6,440 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $96.27, for a total transaction of $619,978.80. Following the sale, the executive vice president now directly owns 4,302 shares of the company’s stock, valued at approximately $414,153.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bradley C. Irwin sold 8,000 shares of the firm’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $97.48, for a total transaction of $779,840.00. Following the sale, the director now directly owns 35,169 shares in the company, valued at $3,428,274.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 305,843 shares of company stock valued at $29,632,614. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of Church & Dwight from $83.00 to $91.00 in a research report on Friday, April 28th. TheStreet upgraded shares of Church & Dwight from a “c” rating to a “b” rating in a research report on Thursday, April 27th. Barclays upped their price objective on shares of Church & Dwight from $79.00 to $83.00 in a research report on Friday, April 28th. Jefferies Financial Group upped their price objective on shares of Church & Dwight from $111.00 to $113.00 in a research report on Wednesday, June 21st. Finally, StockNews.com started coverage on shares of Church & Dwight in a research report on Thursday, May 18th. They set a “hold” rating for the company. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Church & Dwight currently has a consensus rating of “Hold” and a consensus price target of $91.56.

Church & Dwight Profile

(Free Report)

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.