Church & Dwight Co., Inc. (NYSE:CHD – Get Free Report) EVP Michael Read sold 8,700 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $112.29, for a total value of $976,923.00. Following the sale, the executive vice president directly owned 1,598 shares in the company, valued at $179,439.42. This represents a 84.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Church & Dwight Trading Down 1.9%
NYSE:CHD opened at $109.25 on Friday. The firm has a market cap of $25.79 billion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 3.87 and a beta of 0.45. The stock has a fifty day moving average price of $100.14 and a 200 day moving average price of $98.16. Church & Dwight Co., Inc. has a 12-month low of $81.49 and a 12-month high of $114.64. The company has a current ratio of 0.96, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40.
Church & Dwight (NYSE:CHD – Get Free Report) last released its earnings results on Friday, October 30th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. Church & Dwight had a return on equity of 20.28% and a net margin of 12.41%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the firm posted $0.81 EPS. Church & Dwight’s revenue for the quarter was up 1.0% on a year-over-year basis. Sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.77 earnings per share for the current fiscal year.
Church & Dwight Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a dividend of $0.3075 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.1%. Church & Dwight’s payout ratio is currently 37.85%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on CHD. JPMorgan Chase & Co. raised their target price on shares of Church & Dwight from $105.00 to $109.00 and gave the company a “neutral” rating in a report on Monday, November 2nd. Morgan Stanley boosted their price target on shares of Church & Dwight from $112.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, November 2nd. Citigroup increased their price objective on shares of Church & Dwight from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, November 2nd. Oppenheimer increased their price objective on shares of Church & Dwight from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. Finally, Wall Street Zen upgraded shares of Church & Dwight from a “sell” rating to a “hold” rating in a report on Saturday, October 10th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $108.44.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in CHD. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Church & Dwight during the 2nd quarter worth about $25,000. Clearstead Trust LLC acquired a new position in Church & Dwight in the second quarter valued at approximately $33,000. Fulcrum Asset Management LLP boosted its holdings in Church & Dwight by 815.8% in the third quarter. Fulcrum Asset Management LLP now owns 348 shares of the company’s stock valued at $33,000 after purchasing an additional 310 shares in the last quarter. Field & Main Bank acquired a new position in Church & Dwight in the second quarter valued at approximately $34,000. Finally, Triumph Capital Management increased its stake in Church & Dwight by 516.4% in the third quarter. Triumph Capital Management now owns 376 shares of the company’s stock valued at $35,000 after purchasing an additional 315 shares during the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.
Church & Dwight Company Profile
Church & Dwight is a consumer products company whose history traces to 1846, when John Dwight and Austin Church began producing baking soda. The company is best known for its ARM & HAMMER brand and sells household, personal care, and specialty products under a portfolio of owned brands.
Its products include laundry detergents and cleaners, oral care items, cat litter, deodorants, condoms, pregnancy and ovulation tests, hair-removal products, and water flossers. Brands include OxiClean, Trojan, First Response, Nair, Waterpik, and TheraBreath, alongside ARM & HAMMER.
Church & Dwight serves consumers in the United States and international markets.
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