California State Teachers Retirement System lowered its stake in Church & Dwight Company, Inc. (NYSE:CHD) by 8.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 420,119 shares of the company’s stock after selling 38,283 shares during the period. California State Teachers Retirement System owned approximately 0.17% of Church & Dwight worth $20,355,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Thrivent Financial For Lutherans increased its stake in shares of Church & Dwight by 0.3% in the second quarter. Thrivent Financial For Lutherans now owns 9,410 shares of the company’s stock worth $488,000 after purchasing an additional 30 shares during the period. Veritable L.P. increased its stake in shares of Church & Dwight by 0.7% in the second quarter. Veritable L.P. now owns 6,417 shares of the company’s stock worth $333,000 after purchasing an additional 47 shares during the period. North Star Asset Management Inc. increased its stake in shares of Church & Dwight by 2.0% in the second quarter. North Star Asset Management Inc. now owns 5,010 shares of the company’s stock worth $260,000 after purchasing an additional 100 shares during the period. YorkBridge Wealth Partners LLC increased its stake in shares of Church & Dwight by 5.6% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,032 shares of the company’s stock worth $106,000 after purchasing an additional 108 shares during the period. Finally, Nordea Investment Management AB increased its stake in shares of Church & Dwight by 1.4% in the second quarter. Nordea Investment Management AB now owns 10,061 shares of the company’s stock worth $522,000 after purchasing an additional 143 shares during the period. 79.87% of the stock is owned by institutional investors.

In related news, CFO Richard A. Dierker acquired 1,146 shares of the stock in a transaction dated Tuesday, November 7th. The shares were bought at an average cost of $43.66 per share, for a total transaction of $50,034.36. Following the purchase, the chief financial officer now owns 6,411 shares in the company, valued at approximately $279,904.26. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew Farrell acquired 5,000 shares of the stock in a transaction dated Monday, November 6th. The stock was bought at an average price of $43.83 per share, for a total transaction of $219,150.00. Following the completion of the purchase, the chief executive officer now owns 103,685 shares in the company, valued at approximately $4,544,513.55. The disclosure for this purchase can be found here. Corporate insiders own 2.00% of the company’s stock.

A number of equities analysts have recently commented on CHD shares. Deutsche Bank initiated coverage on Church & Dwight in a research note on Wednesday, December 13th. They issued a “buy” rating and a $54.00 price objective on the stock. KeyCorp restated a “hold” rating on shares of Church & Dwight in a research note on Friday, August 25th. Societe Generale upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Wednesday, November 29th. They noted that the move was a valuation call. Oppenheimer restated a “hold” rating on shares of Church & Dwight in a research note on Wednesday, November 8th. Finally, Zacks Investment Research lowered Church & Dwight from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $50.45.

Church & Dwight Company, Inc. (NYSE:CHD) opened at $49.22 on Wednesday. Church & Dwight Company, Inc. has a 12 month low of $43.21 and a 12 month high of $54.18. The stock has a market capitalization of $12,311.32, a PE ratio of 26.48, a P/E/G ratio of 2.88 and a beta of 0.56. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 1.05.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. Church & Dwight had a return on equity of 24.82% and a net margin of 12.32%. The company had revenue of $967.90 million for the quarter, compared to analyst estimates of $937.20 million. During the same period in the prior year, the company posted $0.47 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. equities analysts anticipate that Church & Dwight Company, Inc. will post 1.92 EPS for the current fiscal year.

Church & Dwight announced that its board has authorized a stock repurchase plan on Thursday, November 2nd that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.76 annualized dividend and a dividend yield of 1.54%. Church & Dwight’s dividend payout ratio is currently 43.68%.

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About Church & Dwight

Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.

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

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