Church & Dwight Co., Inc. (NYSE:CHD) Director Sells $1,203,505.60 in Stock

Church & Dwight Co., Inc. (NYSE:CHD) Director Arthur B. Winkleblack sold 11,590 shares of Church & Dwight stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $103.84, for a total value of $1,203,505.60. Following the sale, the director now directly owns 7,129 shares in the company, valued at approximately $740,275.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Church & Dwight Stock Up 0.7 %

CHD stock opened at $103.91 on Friday. 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 firm’s 50-day simple moving average is $103.01 and its 200 day simple moving average is $104.02. The stock has a market cap of $25.46 billion, a PE ratio of 46.60, a price-to-earnings-growth ratio of 3.78 and a beta of 0.55. Church & Dwight Co., Inc. has a fifty-two week low of $88.37 and a fifty-two week high of $110.31.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.79 EPS 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 analyst estimates of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. During the same quarter last year, the business earned $0.74 earnings per share. Church & Dwight’s revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight’s dividend payout ratio (DPR) is 50.67%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CHD shares. Piper Sandler initiated coverage on Church & Dwight in a research note on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price objective for the company. Morgan Stanley downgraded shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target for the company. in a research report on Monday, September 9th. Truist Financial cut their price target on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, August 5th. 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. Finally, Deutsche Bank Aktiengesellschaft increased 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. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $108.05.

Institutional Investors Weigh In On Church & Dwight

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC increased its stake in Church & Dwight by 1,617.3% during the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock valued at $134,043,000 after buying an additional 1,217,568 shares during the period. Marshall Wace LLP boosted its holdings in shares of Church & Dwight by 4,161.5% in the second quarter. Marshall Wace LLP now owns 1,100,410 shares of the company’s stock valued at $114,091,000 after acquiring an additional 1,074,588 shares in the last quarter. Capital Research Global Investors acquired a new position in shares of Church & Dwight during the first quarter valued at approximately $69,384,000. Assenagon Asset Management S.A. raised its holdings in Church & Dwight by 394.9% during the third quarter. Assenagon Asset Management S.A. now owns 335,624 shares of the company’s stock worth $35,147,000 after purchasing an additional 267,801 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Church & Dwight by 5.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock worth $351,668,000 after purchasing an additional 175,221 shares in the last quarter. 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.