Insider Selling: Church & Dwight Co., Inc. (NYSE:CHD) CEO Sells 300,000 Shares of Stock

Church & Dwight Co., Inc. (NYSE:CHD) CEO Matthew Farrell sold 300,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total transaction of $31,152,000.00. Following the completion of the transaction, the chief executive officer now owns 112,719 shares of the company’s stock, valued at approximately $11,704,740.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Matthew Farrell also recently made the following trade(s):

• On Monday, November 4th, Matthew Farrell sold 165,823 shares of Church & Dwight stock. The shares were sold at an average price of $103.03, for a total value of $17,084,743.69.

Church & Dwight Stock Performance

Shares of Church & Dwight stock opened at $106.50 on Friday. The stock has a market cap of $26.09 billion, a PE ratio of 47.76, a price-to-earnings-growth ratio of 3.78 and a beta of 0.55. Church & Dwight Co., Inc. has a 12 month low of $88.46 and a 12 month high of $110.31. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $103.16 and a 200-day simple moving average of $104.02.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.11. The company 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 business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 EPS. On average, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently commented on CHD shares. Piper Sandler started coverage on Church & Dwight in a report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Barclays decreased their price objective on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company increased their price target on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Three 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $108.05.

Hedge Funds Weigh In On Church & Dwight

A number of hedge funds have recently modified their holdings of CHD. Intech Investment Management LLC boosted its position in Church & Dwight by 7.1% during the third quarter. Intech Investment Management LLC now owns 152,888 shares of the company’s stock valued at $16,010,000 after purchasing an additional 10,197 shares during the last quarter. Citizens Financial Group Inc. RI lifted its holdings in shares of Church & Dwight by 2.1% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 5,508 shares of the company’s stock valued at $577,000 after buying an additional 113 shares during the last quarter. Moors & Cabot Inc. bought a new stake in shares of Church & Dwight in the 3rd quarter valued at approximately $329,000. Advisors Asset Management Inc. increased its holdings in Church & Dwight by 42.0% in the third quarter. Advisors Asset Management Inc. now owns 58,574 shares of the company’s stock worth $6,134,000 after buying an additional 17,338 shares during the last quarter. Finally, Strategy Asset Managers LLC raised its position in Church & Dwight by 8.5% during the third quarter. Strategy Asset Managers LLC now owns 3,275 shares of the company’s stock valued at $343,000 after acquiring an additional 256 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

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.