Church & Dwight Co., Inc. (CHD) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 64.6% during the second quarter, HoldingsChannel.com reports. The firm owned 716,326 shares of the company’s stock after purchasing an additional 281,055 shares during the period. Teacher Retirement System of Texas’ holdings in Church & Dwight were worth $38,080,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Carnick & Kubik Group LLC raised its holdings in shares of Church & Dwight by 4.5% in the 2nd quarter. Carnick & Kubik Group LLC now owns 20,422 shares of the company’s stock valued at $1,086,000 after buying an additional 885 shares during the period. Portland Global Advisors LLC raised its holdings in shares of Church & Dwight by 1.8% in the 2nd quarter. Portland Global Advisors LLC now owns 54,134 shares of the company’s stock valued at $2,878,000 after buying an additional 962 shares during the period. Hugh Johnson Advisors LLC raised its holdings in shares of Church & Dwight by 0.7% in the 2nd quarter. Hugh Johnson Advisors LLC now owns 140,099 shares of the company’s stock valued at $7,448,000 after buying an additional 976 shares during the period. MainStreet Investment Advisors LLC raised its holdings in shares of Church & Dwight by 6.6% in the 2nd quarter. MainStreet Investment Advisors LLC now owns 17,152 shares of the company’s stock valued at $912,000 after buying an additional 1,066 shares during the period. Finally, Wendell David Associates Inc. raised its holdings in shares of Church & Dwight by 0.5% in the 2nd quarter. Wendell David Associates Inc. now owns 215,063 shares of the company’s stock valued at $11,433,000 after buying an additional 1,070 shares during the period. Institutional investors own 81.14% of the company’s stock.

Several equities research analysts recently issued reports on CHD shares. Deutsche Bank downgraded Church & Dwight from a “buy” rating to a “hold” rating and boosted their price objective for the company from $48.00 to $54.00 in a report on Friday, April 20th. Morgan Stanley cut their price objective on Church & Dwight from $48.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, April 20th. Jefferies Financial Group reiterated a “buy” rating and issued a $55.00 price objective on shares of Church & Dwight in a report on Sunday, June 10th. Zacks Investment Research upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Friday, June 1st. Finally, Macquarie upgraded Church & Dwight from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $50.00 to $55.00 in a report on Monday, May 7th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $54.00.

In related news, Director Ravichandra Krishnamu Saligram sold 13,830 shares of the business’s stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $47.25, for a total transaction of $653,467.50. Following the completion of the transaction, the director now directly owns 42,690 shares of the company’s stock, valued at approximately $2,017,102.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bradley C. Irwin sold 32,000 shares of the business’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $57.30, for a total value of $1,833,600.00. Following the transaction, the director now directly owns 60,726 shares of the company’s stock, valued at $3,479,599.80. The disclosure for this sale can be found here. Insiders have sold a total of 204,937 shares of company stock valued at $11,061,076 over the last three months. 2.00% of the stock is currently owned by insiders.

Church & Dwight opened at $55.52 on Monday, according to Marketbeat Ratings. Church & Dwight Co., Inc. has a 12 month low of $43.21 and a 12 month high of $58.03. The firm has a market cap of $13.68 billion, a P/E ratio of 28.62, a P/E/G ratio of 2.44 and a beta of 0.43. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 0.81.

Church & Dwight (NYSE:CHD) last released its earnings results on Thursday, August 2nd. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Church & Dwight had a return on equity of 25.21% and a net margin of 20.29%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm posted $0.41 EPS. Church & Dwight’s revenue for the quarter was up 14.5% on a year-over-year basis. research analysts forecast that Church & Dwight Co., Inc. will post 2.28 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 4th. Investors of record on Wednesday, August 15th will be paid a dividend of $0.2175 per share. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $0.87 annualized dividend and a yield of 1.57%. Church & Dwight’s payout ratio is 44.85%.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing 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 analgesic products 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; and water flossers and replacement showerheads under the WATERPIK brand.

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Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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