New York State Teachers Retirement System Trims Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

New York State Teachers Retirement System decreased its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 206,281 shares of the company's stock after selling 10,648 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Church & Dwight worth $21,600,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. YANKCOM Partnership acquired a new stake in Church & Dwight during the fourth quarter worth approximately $25,000. Capital Performance Advisors LLP acquired a new stake in Church & Dwight during the third quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in Church & Dwight during the third quarter worth approximately $28,000. Versant Capital Management Inc grew its stake in Church & Dwight by 224.4% during the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company's stock worth $28,000 after purchasing an additional 184 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new stake in Church & Dwight during the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Church & Dwight Price Performance

Shares of CHD stock remained flat at $104.36 during trading hours on Thursday. The stock had a trading volume of 1,727,073 shares, compared to its average volume of 1,561,407. The firm has a 50 day moving average of $105.38 and a two-hundred day moving average of $104.66. The company has a market capitalization of $25.67 billion, a P/E ratio of 44.03, a price-to-earnings-growth ratio of 3.30 and a beta of 0.59. Church & Dwight Co., Inc. has a 52 week low of $96.35 and a 52 week high of $113.50. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting analysts' consensus estimates of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same quarter last year, the company earned $0.65 EPS. On average, equities research analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $0.295 per share. This is a positive change from Church & Dwight's previous quarterly dividend of $0.28. This represents a $1.18 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Friday, February 14th. Church & Dwight's dividend payout ratio (DPR) is 49.79%.

Insider Buying and Selling

In other Church & Dwight news, EVP Rick Spann sold 39,520 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $112.00, for a total value of $4,426,240.00. Following the completion of the sale, the executive vice president now directly owns 4,973 shares of the company's stock, valued at $556,976. This trade represents a 88.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Joseph James Longo sold 7,780 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $112.44, for a total value of $874,783.20. Following the completion of the sale, the chief accounting officer now directly owns 400 shares of the company's stock, valued at $44,976. This represents a 95.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,302 shares of company stock worth $6,362,338. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

CHD has been the subject of several recent analyst reports. Piper Sandler decreased their target price on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Wells Fargo & Company raised their target price on Church & Dwight from $113.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Stifel Nicolaus increased their price target on Church & Dwight from $103.00 to $105.00 and gave the stock a "hold" rating in a report on Monday, February 3rd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $105.00 price target on shares of Church & Dwight in a report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Church & Dwight from $114.00 to $115.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $111.53.

About Church & Dwight

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.