Church & Dwight Co., Inc. (NYSE:CHD – Get Free Report) Director Ravichandra Saligram sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $112.69, for a total transaction of $563,450.00. Following the completion of the sale, the director owned 3,653 shares in the company, valued at approximately $411,656.57. This trade represents a 57.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Church & Dwight Stock Down 0.4%
Shares of NYSE CHD traded down $0.43 on Thursday, reaching $111.60. 1,018,904 shares of the company’s stock traded hands, compared to its average volume of 2,069,856. The business’s 50 day simple moving average is $99.83 and its two-hundred day simple moving average is $97.98. Church & Dwight Co., Inc. has a 12 month low of $81.49 and a 12 month high of $114.64. The company has a market cap of $26.34 billion, a price-to-earnings ratio of 34.36, a price-to-earnings-growth ratio of 3.86 and a beta of 0.45. The company has a quick ratio of 0.62, a current ratio of 0.96 and a debt-to-equity ratio of 0.40.
Church & Dwight (NYSE:CHD – Get Free Report) last issued its quarterly earnings results on Friday, October 30th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Church & Dwight had a return on equity of 20.28% and a net margin of 12.41%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 EPS. As a group, equities research analysts forecast that Church & Dwight Co., Inc. will post 3.77 EPS for the current fiscal year.
Church & Dwight Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be issued a $0.3075 dividend. This represents a $1.23 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 13th. Church & Dwight’s payout ratio is 37.85%.
Institutional Trading of Church & Dwight
Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Church & Dwight in the second quarter worth $2,174,535,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Church & Dwight by 51.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,050,105 shares of the company’s stock valued at $468,902,000 after purchasing an additional 1,709,090 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Church & Dwight by 18.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,925,749 shares of the company’s stock valued at $283,447,000 after buying an additional 457,445 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Church & Dwight by 28.9% during the first quarter. Bank of America Corp DE now owns 2,548,871 shares of the company’s stock valued at $237,861,000 after buying an additional 572,085 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Church & Dwight by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,170,890 shares of the company’s stock valued at $202,597,000 after buying an additional 64,803 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on CHD shares. Jefferies Financial Group restated a “buy” rating and set a $115.00 price target on shares of Church & Dwight in a report on Monday, August 3rd. Citigroup upped their price target on shares of Church & Dwight from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday. Royal Bank Of Canada increased their price objective on shares of Church & Dwight from $114.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Morgan Stanley raised their price objective on shares of Church & Dwight from $112.00 to $117.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Barclays lifted their target price on shares of Church & Dwight from $83.00 to $89.00 and gave the stock an “underweight” rating in a report on Tuesday. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Church & Dwight presently has an average rating of “Hold” and a consensus target price of $108.44.
Check Out Our Latest Research Report on Church & Dwight
Church & Dwight News Roundup
Here are the key news stories impacting Church & Dwight this week:
- Positive Sentiment: Several analysts have raised their price targets or expressed optimism. Wells Fargo lifted its target to $115, Morgan Stanley to $117, and JPMorgan and Citi also issued favorable outlooks. Recent quarterly results beat estimates, offering a positive backdrop. Analyst outlooks
- Neutral Sentiment: Analyst opinion is not uniformly bullish: some target increases came with neutral or equal-weight ratings, and the broader consensus remains “Hold.” Barclays analyst coverage
- Negative Sentiment: CEO Richard Dierker sold 83,340 shares for about $9.1 million, cutting his reported stake by 68.31%. The filing does not state the reason for the sale. CEO share sale
- Negative Sentiment: Director Bradley Irwin also sold 4,300 shares, worth about $475,000, reducing his direct holdings by 10.76%. Director share sale
- Negative Sentiment: Barclays maintained a sell rating and a cautious price target, contrasting with recent target increases from other firms. Barclays rating
Church & Dwight Company Profile
Church & Dwight Co, Inc is a consumer packaged goods company that develops, manufactures and markets household, personal care and specialty products. Its portfolio is anchored by the ARM & HAMMER brand, which is used across products such as baking soda, laundry detergent, cat litter, household cleaners, oral care products and personal care items.
The company also markets a broad range of branded products, including OxiClean laundry and cleaning products, Trojan sexual wellness products, Waterpik oral health devices, First Response pregnancy and fertility tests, Nair hair-removal products, Orajel oral pain relief, TheraBreath oral care products, and vitamins and supplements sold under the Vitafusion and L’il Critters brands.
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