Insider Selling: Church & Dwight Co., Inc. (NYSE:CHD) CFO Sells 86,740 Shares of Stock

Church & Dwight Co., Inc. (NYSE:CHD) CFO Richard A. Dierker sold 86,740 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the completion of the transaction, the chief financial officer now directly owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Church & Dwight Trading Up 1.5 %

NYSE:CHD traded up $1.59 on Monday, hitting $109.29. 264,663 shares of the stock were exchanged, compared to its average volume of 1,244,711. The stock has a market cap of $26.72 billion, a PE ratio of 34.19, a PEG ratio of 3.51 and a beta of 0.51. Church & Dwight Co., Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $109.33. The company has a current ratio of 1.33, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average of $105.85 and a 200-day moving average of $101.11.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the company posted $0.85 earnings per share. Church & Dwight’s revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts expect that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were issued a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Tuesday, May 14th. Church & Dwight’s payout ratio is 35.87%.

Institutional Investors Weigh In On Church & Dwight

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHD. Game Plan Financial Advisors LLC purchased a new stake in Church & Dwight during the 1st quarter worth approximately $26,000. Crewe Advisors LLC purchased a new stake in Church & Dwight during the 1st quarter worth approximately $28,000. Chilton Capital Management LLC increased its holdings in Church & Dwight by 50.0% during the 4th quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after purchasing an additional 110 shares during the last quarter. Roble Belko & Company Inc purchased a new stake in Church & Dwight during the 1st quarter worth approximately $31,000. Finally, Creekmur Asset Management LLC purchased a new stake in Church & Dwight during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CHD. HSBC upped their target price on shares of Church & Dwight from $110.00 to $114.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd. The Goldman Sachs Group began coverage on Church & Dwight in a research note on Friday, March 1st. They set a “buy” rating and a $110.00 price objective for the company. Evercore ISI boosted their price target on shares of Church & Dwight from $107.00 to $110.00 and gave the stock an “in-line” rating in a research note on Friday, May 3rd. Oppenheimer increased their price objective on Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. lowered their price target on Church & Dwight from $98.00 to $97.00 and set an “underweight” rating on the stock in a report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Church & Dwight has an average rating of “Hold” and an average price target of $106.19.

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.