Church & Dwight Co., Inc. (CHD) Shares Bought by New York State Common Retirement Fund
New York State Common Retirement Fund increased its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.2% in the first quarter, Holdings Channel reports. The institutional investor owned 847,588 shares of the company’s stock after buying an additional 18,041 shares during the quarter. New York State Common Retirement Fund’s holdings in Church & Dwight were worth $60,374,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Sentry Investment Management LLC purchased a new position in shares of Church & Dwight in the first quarter worth about $1,040,000. TD Asset Management Inc. boosted its position in shares of Church & Dwight by 6.2% in the first quarter. TD Asset Management Inc. now owns 550,032 shares of the company’s stock valued at $39,179,000 after acquiring an additional 32,351 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Church & Dwight by 5.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,137,101 shares of the company’s stock valued at $80,996,000 after acquiring an additional 59,458 shares during the period. Mizuho Securities Co. Ltd. bought a new position in shares of Church & Dwight in the first quarter valued at approximately $107,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Church & Dwight by 29.0% in the first quarter. JPMorgan Chase & Co. now owns 567,695 shares of the company’s stock valued at $40,435,000 after acquiring an additional 127,566 shares during the period. Hedge funds and other institutional investors own 81.71% of the company’s stock.
Shares of NYSE CHD opened at $74.14 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.45 and a debt-to-equity ratio of 0.60. Church & Dwight Co., Inc. has a 52 week low of $46.15 and a 52 week high of $74.99. The firm has a market capitalization of $18.22 billion, a P/E ratio of 32.66, a PEG ratio of 3.48 and a beta of 0.24.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a $0.2275 dividend. This represents a $0.91 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Tuesday, May 14th. Church & Dwight’s payout ratio is 40.09%.
In related news, Director Bradley C. Irwin sold 13,172 shares of Church & Dwight stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $72.58, for a total value of $956,023.76. Following the transaction, the director now directly owns 49,898 shares of the company’s stock, valued at $3,621,596.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Arthur B. Winkleblack sold 48,000 shares of Church & Dwight stock in a transaction on Monday, May 6th. The stock was sold at an average price of $73.19, for a total transaction of $3,513,120.00. Following the completion of the transaction, the director now directly owns 240,606 shares in the company, valued at $17,609,953.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 126,432 shares of company stock worth $9,294,002. 2.00% of the stock is owned by insiders.
A number of research firms have recently commented on CHD. Atlantic Securities lowered shares of Church & Dwight from an “overweight” rating to a “neutral” rating in a research report on Monday, May 13th. BMO Capital Markets raised their price objective on shares of Church & Dwight to $75.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. Wells Fargo & Co restated a “hold” rating and issued a $70.00 price objective on shares of Church & Dwight in a research report on Thursday, May 2nd. Citigroup lowered shares of Church & Dwight from a “neutral” rating to a “sell” rating and set a $73.80 price objective for the company. in a research report on Thursday, May 2nd. Finally, Oppenheimer lifted their target price on shares of Church & Dwight from $73.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. Church & Dwight presently has a consensus rating of “Hold” and a consensus target price of $67.89.
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Church & Dwight Profile
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. 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.
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