Church & Dwight Co., Inc. (NYSE:CHD) Holdings Reduced by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 26.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,856 shares of the company’s stock after selling 15,180 shares during the period. State of Alaska Department of Revenue’s holdings in Church & Dwight were worth $4,486,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Crewe Advisors LLC acquired a new position in Church & Dwight during the 1st quarter worth $28,000. Rothschild Investment LLC bought a new stake in shares of Church & Dwight during the second quarter valued at about $31,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Church & Dwight during the second quarter valued at about $33,000. Strategic Financial Concepts LLC acquired a new stake in Church & Dwight in the second quarter worth about $38,000. Finally, Kimelman & Baird LLC bought a new position in Church & Dwight in the 2nd quarter valued at about $46,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Church & Dwight from $97.00 to $98.00 and gave the stock an “underweight” rating in a research report on Friday, October 11th. TD Cowen began coverage on Church & Dwight in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 target price for the company. Barclays lifted their price target on Church & Dwight from $82.00 to $86.00 and gave the company an “underweight” rating in a research report on Friday, October 11th. Wells Fargo & Company cut their price objective on Church & Dwight from $116.00 to $108.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, Stifel Nicolaus lowered their target price on Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $107.50.

Church & Dwight Stock Performance

Shares of CHD stock opened at $100.63 on Wednesday. The company has a market capitalization of $24.64 billion, a price-to-earnings ratio of 30.96, a P/E/G ratio of 3.72 and a beta of 0.54. Church & Dwight Co., Inc. has a 1-year low of $82.25 and a 1-year high of $110.31. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $102.93 and its 200-day simple moving average is $104.05.

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

Insiders Place Their Bets

In other news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction on 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.40% 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.