Church & Dwight (NYSE:CHD) EVP Michael Read Sells 8,700 Shares of Company Stock

Church & Dwight Co., Inc. (NYSE:CHD) EVP Michael Read sold 8,700 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $112.29, for a total value of $976,923.00. Following the sale, the executive vice president owned 1,598 shares in the company, valued at $179,439.42. The trade was a 84.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Church & Dwight Trading Down 0.4%

NYSE CHD traded down $0.43 on Thursday, hitting $111.60. 1,018,904 shares of the stock were exchanged, compared to its average volume of 2,069,856. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 0.96. The stock has a fifty day moving average price of $99.83 and a two-hundred day moving average price of $97.98. The firm has a market capitalization of $26.34 billion, a P/E ratio of 34.36, a P/E/G ratio of 3.86 and a beta of 0.45. Church & Dwight Co., Inc. has a 52-week low of $81.49 and a 52-week high of $114.64.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, October 30th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. Church & Dwight had a net margin of 12.41% and a return on equity of 20.28%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Research analysts forecast that Church & Dwight Co., Inc. will post 3.77 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a $0.3075 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.23 annualized dividend and a yield of 1.1%. Church & Dwight’s dividend payout ratio (DPR) is presently 37.85%.

Key Church & Dwight News

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Church & Dwight in a report on Wednesday, October 14th. Citigroup upped their price objective on Church & Dwight from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday. Oppenheimer increased their target price on Church & Dwight from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 28th. Wells Fargo & Company reiterated an “overweight” rating and set a $115.00 target price (up from $105.00) on shares of Church & Dwight in a research report on Monday. Finally, TD Cowen reissued a “hold” rating and set a $115.00 target price (up from $97.00) on shares of Church & Dwight in a research note on Tuesday. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $108.44.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Confluence Wealth Services Inc. bought a new position in shares of Church & Dwight during the 3rd quarter worth $304,000. New York Life Investment Management LLC lifted its stake in Church & Dwight by 1.3% in the third quarter. New York Life Investment Management LLC now owns 40,973 shares of the company’s stock worth $3,860,000 after acquiring an additional 534 shares during the period. AlphaCore Capital LLC grew its holdings in Church & Dwight by 20.2% during the 3rd quarter. AlphaCore Capital LLC now owns 35,707 shares of the company’s stock worth $3,364,000 after acquiring an additional 5,990 shares in the last quarter. Fulcrum Asset Management LLP grew its holdings in Church & Dwight by 815.8% during the 3rd quarter. Fulcrum Asset Management LLP now owns 348 shares of the company’s stock worth $33,000 after acquiring an additional 310 shares in the last quarter. Finally, Candriam S.C.A. increased its position in Church & Dwight by 7.8% during the 3rd quarter. Candriam S.C.A. now owns 279,262 shares of the company’s stock valued at $26,408,000 after purchasing an additional 20,133 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

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.