Church & Dwight Co., Inc. (NYSE:CHD - Get Free Report) Director Penry W. Price sold 7,752 shares of the company's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $105.47, for a total transaction of $817,603.44. Following the sale, the director now directly owns 25,692 shares in the company, valued at $2,709,735.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Church & Dwight Stock Up 1.4 %
Shares of NYSE CHD opened at $106.92 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.82. Church & Dwight Co., Inc. has a one year low of $82.25 and a one year high of $108.68. The stock has a market capitalization of $26.14 billion, a P/E ratio of 33.94, a PEG ratio of 3.47 and a beta of 0.51. The firm's 50 day simple moving average is $103.92 and its two-hundred day simple moving average is $98.11.
Church & Dwight (NYSE:CHD - Get Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the business earned $0.85 earnings per share. The business's revenue was up 5.1% on a year-over-year basis. As a group, analysts expect that Church & Dwight Co., Inc. will post 3.46 EPS for the current fiscal year.
Church & Dwight Announces Dividend
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The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be issued a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, May 14th. Church & Dwight's dividend payout ratio is 35.87%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its stake in Church & Dwight by 0.6% in the third quarter. Commonwealth Equity Services LLC now owns 75,007 shares of the company's stock worth $6,873,000 after acquiring an additional 446 shares during the period. Forsta AP Fonden lifted its stake in Church & Dwight by 11.1% in the third quarter. Forsta AP Fonden now owns 53,100 shares of the company's stock worth $4,866,000 after acquiring an additional 5,300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Church & Dwight by 317.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 164,844 shares of the company's stock worth $15,105,000 after acquiring an additional 125,386 shares during the period. Strs Ohio purchased a new stake in Church & Dwight in the third quarter worth $2,057,000. Finally, IFM Investors Pty Ltd lifted its stake in Church & Dwight by 5.1% in the third quarter. IFM Investors Pty Ltd now owns 48,897 shares of the company's stock worth $4,480,000 after acquiring an additional 2,375 shares during the period. Institutional investors own 86.60% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on CHD shares. UBS Group increased their price target on shares of Church & Dwight from $99.00 to $105.00 and gave the stock a "neutral" rating in a report on Monday, February 5th. Barclays lowered their target price on shares of Church & Dwight from $83.00 to $82.00 and set an "underweight" rating on the stock in a research note on Monday. Bank of America raised their target price on shares of Church & Dwight from $100.00 to $104.00 and gave the company a "neutral" rating in a research note on Monday, April 15th. Truist Financial raised their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, May 3rd. Finally, Royal Bank of Canada raised their target price on shares of Church & Dwight from $94.00 to $103.00 and gave the company a "sector perform" rating in a research note on Monday, February 5th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $105.56.
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About Church & Dwight
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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.
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