Insider Selling: Church & Dwight Co., Inc. (NYSE:CHD) CAO Sells $874,783.20 in Stock

Church & Dwight Co., Inc. (NYSE:CHD) CAO Joseph James Longo sold 7,780 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $112.44, for a total value of $874,783.20. Following the transaction, the chief accounting officer now owns 400 shares in the company, valued at $44,976. The trade was a 95.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Church & Dwight Stock Performance

Shares of CHD stock opened at $110.34 on Thursday. The firm has a market capitalization of $27.03 billion, a price-to-earnings ratio of 49.48, a PEG ratio of 4.04 and a beta of 0.55. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The business’s 50-day moving average price is $104.56 and its 200-day moving average price is $104.29. Church & Dwight Co., Inc. has a 12 month low of $90.26 and a 12 month high of $113.50.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The firm 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%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 EPS. Equities research analysts forecast that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Dividend Announcement

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 issued a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight’s payout ratio is presently 50.67%.

Institutional Investors Weigh In On Church & Dwight

Several institutional investors and hedge funds have recently made changes to their positions in CHD. Price T Rowe Associates Inc. MD increased its position in Church & Dwight by 0.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 392,168 shares of the company’s stock valued at $40,908,000 after purchasing an additional 1,335 shares during the period. Janus Henderson Group PLC increased its position in shares of Church & Dwight by 57.9% during the first quarter. Janus Henderson Group PLC now owns 59,844 shares of the company’s stock worth $6,239,000 after buying an additional 21,949 shares during the period. Virtus Investment Advisers Inc. bought a new position in Church & Dwight during the first quarter worth $574,000. Meiji Yasuda Life Insurance Co acquired a new position in Church & Dwight in the first quarter valued at $687,000. Finally, California State Teachers Retirement System boosted its position in Church & Dwight by 0.6% during the first quarter. California State Teachers Retirement System now owns 391,974 shares of the company’s stock valued at $40,887,000 after acquiring an additional 2,359 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Evercore ISI lowered their price target on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research report on Monday, August 5th. Wells Fargo & Company lifted their price target on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. increased their price target on Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Stifel Nicolaus dropped their price objective on Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a report on Monday, August 5th. Finally, Piper Sandler started coverage on Church & Dwight in a report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 target price on the stock. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $108.53.

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.