Church & Dwight Co., Inc. (NYSE:CHD) EVP Sells $5,062,012.80 in Stock

Church & Dwight Co., Inc. (NYSE:CHD) EVP Maynadier Patrick D. De sold 45,120 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $112.19, for a total transaction of $5,062,012.80. Following the transaction, the executive vice president now directly owns 10,325 shares of the company’s stock, valued at $1,158,361.75. This trade represents a 81.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Church & Dwight Trading Down 0.3 %

NYSE CHD opened at $111.90 on Monday. The company’s fifty day moving average price is $104.17 and its two-hundred day moving average price is $104.20. The company has a market capitalization of $27.42 billion, a price-to-earnings ratio of 50.18, a price-to-earnings-growth ratio of 4.09 and a beta of 0.55. Church & Dwight Co., Inc. has a 12 month low of $90.26 and a 12 month high of $113.50. 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 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the firm earned $0.74 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, research analysts predict that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight’s dividend payout ratio is currently 50.67%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CHD shares. Evercore ISI dropped their price objective on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a report on Monday, August 5th. Piper Sandler started coverage on Church & Dwight in a report on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 price objective on the stock. Wells Fargo & Company boosted their target price on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. TD Cowen raised their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Truist Financial decreased their price objective on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $108.53.

Hedge Funds Weigh In On Church & Dwight

Large investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its holdings in shares of Church & Dwight by 8.6% during the third quarter. Toronto Dominion Bank now owns 131,315 shares of the company’s stock worth $13,751,000 after purchasing an additional 10,376 shares during the period. Coldstream Capital Management Inc. raised its stake in Church & Dwight by 4.1% during the third quarter. Coldstream Capital Management Inc. now owns 6,233 shares of the company’s stock worth $654,000 after acquiring an additional 248 shares during the period. Barclays PLC lifted its holdings in Church & Dwight by 63.9% in the third quarter. Barclays PLC now owns 1,106,131 shares of the company’s stock worth $115,832,000 after acquiring an additional 431,257 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Church & Dwight by 8.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 443,988 shares of the company’s stock worth $46,494,000 after acquiring an additional 35,635 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in Church & Dwight by 2.0% in the third quarter. MML Investors Services LLC now owns 15,630 shares of the company’s stock valued at $1,637,000 after acquiring an additional 309 shares during the period. 86.60% of the stock is currently owned by institutional investors.

About Church & Dwight

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.