Public Employees Retirement Association of Colorado trimmed its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,683 shares of the company’s stock after selling 15,861 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Church & Dwight were worth $16,880,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC purchased a new stake in shares of Church & Dwight during the fourth quarter valued at $29,000. Evolution Advisers Inc. purchased a new stake in Church & Dwight in the 4th quarter worth about $30,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new stake in Church & Dwight in the 4th quarter worth about $35,000. Shore Point Advisors LLC purchased a new stake in Church & Dwight in the 4th quarter worth about $47,000. Finally, Retirement Planning Co of New England Inc. purchased a new stake in Church & Dwight in the 4th quarter worth about $51,000. 84.81% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on the company. StockNews.com assumed coverage on Church & Dwight in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Truist Financial increased their price objective on Church & Dwight from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, January 31st. Atlantic Securities downgraded Church & Dwight from a “neutral” rating to an “underweight” rating and set a $80.00 price target for the company. in a research note on Wednesday, March 2nd. Argus downgraded Church & Dwight from a “buy” rating to a “hold” rating in a research note on Thursday, February 3rd. Finally, Credit Suisse Group downgraded Church & Dwight from an “outperform” rating to a “neutral” rating and set a $105.00 price target for the company. in a research note on Wednesday, January 26th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $98.07.
Church & Dwight (NYSE:CHD – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Church & Dwight had a return on equity of 22.29% and a net margin of 15.46%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 EPS. Research analysts forecast that Church & Dwight Co., Inc. will post 3.15 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Monday, May 16th will be issued a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Friday, May 13th. Church & Dwight’s dividend payout ratio (DPR) is currently 32.21%.
In other Church & Dwight news, Director Bradley C. Irwin sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $97.86, for a total value of $685,020.00. Following the sale, the director now owns 41,636 shares of the company’s stock, valued at approximately $4,074,498.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.70% of the company’s stock.
Church & Dwight Company Profile (Get Rating)
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through 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; battery-operated and manual 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 replacement showerheads under the WATERPIK brand; FLAWLESS products; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.
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