Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 10.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,465 shares of the company’s stock after selling 13,787 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Church & Dwight were worth $11,764,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Game Plan Financial Advisors LLC acquired a new position in shares of Church & Dwight in the 1st quarter valued at $26,000. Crewe Advisors LLC purchased a new stake in Church & Dwight during the 1st quarter valued at about $28,000. Roble Belko & Company Inc acquired a new position in shares of Church & Dwight in the first quarter valued at about $31,000. Rothschild Investment LLC acquired a new position in shares of Church & Dwight in the second quarter valued at about $31,000. Finally, Creekmur Asset Management LLC purchased a new position in shares of Church & Dwight in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Trading Down 0.3 %

Shares of CHD stock opened at $105.18 on Friday. Church & Dwight Co., Inc. has a 1-year low of $82.25 and a 1-year high of $110.31. The company has a market cap of $25.72 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 3.59 and a beta of 0.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98. The stock has a 50 day simple moving average of $102.24 and a 200-day simple moving average of $103.97.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts expect that Church & Dwight Co., Inc. will post 3.43 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.08%. The ex-dividend date was Thursday, August 15th. Church & Dwight’s payout ratio is 35.87%.

Analyst Upgrades and Downgrades

CHD has been the topic of several research reports. TD Cowen began coverage on shares of Church & Dwight in a report on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 price target on the stock. JPMorgan Chase & Co. cut their price objective on shares of Church & Dwight from $101.00 to $97.00 and set an “underweight” rating on the stock in a research note on Monday, August 5th. Truist Financial reduced their target price on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, August 5th. Argus upped their price target on shares of Church & Dwight from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Finally, Stifel Nicolaus reduced their price objective on Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, August 5th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $106.58.

Insiders Place Their Bets

In other news, CFO Richard A. Dierker sold 86,740 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $106.56, for a total value of $9,243,014.40. Following the transaction, the chief financial officer now owns 7,634 shares in the company, valued at $813,479.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the transaction, the executive vice president now directly owns 4,319 shares in the company, valued at $429,179.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard A. Dierker sold 86,740 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the completion of the sale, the chief financial officer now owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The disclosure for this sale can be found here. In the last three months, insiders sold 200,722 shares of company stock worth $20,986,416. Corporate insiders own 2.00% of the company’s stock.

Church & Dwight Profile

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.