Church & Dwight Co., Inc. (NYSE:CHD) Shares Bought by Texas Permanent School Fund Corp

Posted by Defense World Staff on Jul 24th, 2023

Texas Permanent School Fund Corp grew its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 46.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,842 shares of the company’s stock after purchasing an additional 16,193 shares during the period. Texas Permanent School Fund Corp’s holdings in Church & Dwight were worth $4,495,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CHD. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Church & Dwight during the first quarter valued at $29,000. ST Germain D J Co. Inc. acquired a new position in shares of Church & Dwight during the fourth quarter valued at $38,000. Delta Asset Management LLC TN acquired a new position in shares of Church & Dwight during the fourth quarter valued at $40,000. Thompson Investment Management Inc. acquired a new position in Church & Dwight during the first quarter worth about $40,000. Finally, Money Concepts Capital Corp grew its holdings in Church & Dwight by 468.2% during the fourth quarter. Money Concepts Capital Corp now owns 625 shares of the company’s stock worth $50,000 after acquiring an additional 515 shares during the period. 82.61% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Stock Up 0.9 %

Shares of Church & Dwight stock opened at $98.13 on Monday. The firm has a market cap of $23.97 billion, a price-to-earnings ratio of 58.76, a P/E/G ratio of 4.00 and a beta of 0.48. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.18 and a quick ratio of 0.60. Church & Dwight Co., Inc. has a 52-week low of $70.16 and a 52-week high of $100.52. The stock has a 50-day simple moving average of $96.23 and a 200-day simple moving average of $89.96.

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

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Monday, May 15th were issued a dividend of $0.2725 per share. The ex-dividend date was Friday, May 12th. This represents a $1.09 annualized dividend and a dividend yield of 1.11%. Church & Dwight’s dividend payout ratio is 65.27%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CHD shares. TheStreet raised Church & Dwight from a “c” rating to a “b” rating in a report on Thursday, April 27th. Royal Bank of Canada lifted their target price on Church & Dwight from $83.00 to $91.00 in a report on Friday, April 28th. 888 reaffirmed a “maintains” rating on shares of Church & Dwight in a report on Friday, April 28th. Morgan Stanley lifted their target price on Church & Dwight from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, April 17th. Finally, Stifel Nicolaus increased their price target on Church & Dwight from $85.00 to $95.00 in a research report on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Church & Dwight presently has a consensus rating of “Hold” and a consensus price target of $91.38.

Insider Activity

In related news, EVP Barry A. Bruno sold 6,440 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $96.27, for a total value of $619,978.80. Following the transaction, the executive vice president now directly owns 4,302 shares of the company’s stock, valued at approximately $414,153.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Barry A. Bruno sold 6,440 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $96.27, for a total value of $619,978.80. Following the transaction, the executive vice president now directly owns 4,302 shares of the company’s stock, valued at approximately $414,153.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bradley C. Irwin sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $97.48, for a total value of $779,840.00. Following the completion of the transaction, 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. Insiders sold a total of 305,843 shares of company stock worth $29,632,614 in the last three months. 2.00% of the stock is owned by insiders.

Church & Dwight Company 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.