Church & Dwight Co., Inc. (NYSE:CHD) Director Sells $1,061,100.00 in Stock

Church & Dwight Co., Inc. (NYSE:CHD) Director Ravichandra Krishnamu Saligram sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the transaction, the director now owns 32,500 shares of the company’s stock, valued at approximately $3,448,575. This represents a 23.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Church & Dwight Stock Up 0.1 %

Shares of Church & Dwight stock opened at $105.86 on Thursday. The stock’s 50-day moving average is $106.13 and its 200 day moving average is $104.44. Church & Dwight Co., Inc. has a one year low of $90.69 and a one year high of $113.50. The firm has a market cap of $25.94 billion, a price-to-earnings ratio of 47.47, a PEG ratio of 3.86 and a beta of 0.57. 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 results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 EPS. Equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.07%. The ex-dividend date was Friday, November 15th. Church & Dwight’s dividend payout ratio (DPR) is currently 50.67%.

Hedge Funds Weigh In On Church & Dwight

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. increased its position in Church & Dwight by 1.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 209,697 shares of the company’s stock valued at $21,741,000 after buying an additional 1,976 shares in the last quarter. Focus Financial Network Inc. grew its stake in Church & Dwight by 9.5% in the second quarter. Focus Financial Network Inc. now owns 3,801 shares of the company’s stock valued at $394,000 after acquiring an additional 330 shares during the period. Pathway Financial Advisors LLC increased its holdings in shares of Church & Dwight by 1.3% during the second quarter. Pathway Financial Advisors LLC now owns 23,036 shares of the company’s stock valued at $2,388,000 after acquiring an additional 300 shares in the last quarter. Wedgewood Investors Inc. PA acquired a new position in shares of Church & Dwight during the second quarter worth approximately $943,000. Finally, Raymond James Trust N.A. lifted its holdings in shares of Church & Dwight by 23.6% in the 2nd quarter. Raymond James Trust N.A. now owns 6,439 shares of the company’s stock worth $668,000 after purchasing an additional 1,230 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Morgan Stanley lowered Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target on the stock. in a research note on Monday, September 9th. Wells Fargo & Company lifted their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Barclays decreased their price target on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Tuesday, November 5th. Piper Sandler started coverage on shares of Church & Dwight in a report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $109.56.

Church & Dwight Company 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.