Kentucky Retirement Systems Insurance Trust Fund Has $759,000 Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Kentucky Retirement Systems Insurance Trust Fund trimmed its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 8.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,248 shares of the company’s stock after selling 639 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Church & Dwight were worth $759,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Church & Dwight during the 3rd quarter worth $27,000. Crewe Advisors LLC acquired a new position in shares of Church & Dwight during the 1st quarter worth about $28,000. Ashton Thomas Securities LLC bought a new stake in Church & Dwight during the 3rd quarter valued at approximately $28,000. Rothschild Investment LLC acquired a new stake in Church & Dwight in the 2nd quarter valued at approximately $31,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Church & Dwight during the second quarter worth approximately $33,000. 86.60% of the stock is owned by institutional investors.

Church & Dwight Stock Up 1.2 %

Shares of CHD opened at $110.29 on Tuesday. The company has a market capitalization of $27.02 billion, a P/E ratio of 49.46, a PEG ratio of 3.99 and a beta of 0.55. Church & Dwight Co., Inc. has a one year low of $90.26 and a one year high of $110.41. The business’s 50 day simple moving average is $103.57 and its 200-day simple moving average is $104.05. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. As a group, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight’s payout ratio is presently 50.67%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CHD shares. Stifel Nicolaus cut their target price on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Piper Sandler assumed coverage on Church & Dwight in a research note on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price target on the stock. Wells Fargo & Company raised their price objective on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, Truist Financial lowered their price objective on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $108.53.

Insiders Place Their Bets

In other news, CEO Matthew Farrell sold 165,823 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the completion of the sale, the chief executive officer now owns 112,719 shares in the company, valued at $11,613,438.57. The trade was a 59.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bradley C. Irwin sold 13,200 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $107.44, for a total value of $1,418,208.00. Following the transaction, the director now directly owns 37,169 shares in the company, valued at $3,993,437.36. This trade represents a 26.21 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 490,613 shares of company stock valued at $50,858,457. Insiders own 1.40% of the company’s stock.

About Church & Dwight

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.