Church & Dwight (NYSE:CHD) Director Sells $563,450.00 in Stock

Church & Dwight Co., Inc. (NYSE:CHD) Director Ravichandra Saligram sold 5,000 shares of Church & Dwight stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $112.69, for a total value of $563,450.00. Following the completion of the sale, the director directly owned 3,653 shares in the company, valued at $411,656.57. This represents a 57.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Church & Dwight Stock Performance

Shares of Church & Dwight stock opened at $109.25 on Friday. The firm has a market cap of $25.79 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 3.87 and a beta of 0.45. The stock’s 50-day moving average is $100.14 and its 200-day moving average is $98.16. Church & Dwight Co., Inc. has a one year low of $81.49 and a one year high of $114.64. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.96 and a quick ratio of 0.62.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, October 30th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Church & Dwight had a return on equity of 20.28% and a net margin of 12.41%. Church & Dwight’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 earnings per share. Equities analysts predict that Church & Dwight Co., Inc. will post 3.77 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CHD shares. UBS Group raised their price target on shares of Church & Dwight from $106.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, November 2nd. Barclays increased their target price on shares of Church & Dwight from $83.00 to $89.00 and gave the stock an “underweight” rating in a report on Tuesday, November 3rd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $115.00 target price (up from $105.00) on shares of Church & Dwight in a research report on Monday, November 2nd. Oppenheimer raised their target price on shares of Church & Dwight from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Church & Dwight from $105.00 to $109.00 and gave the company a “neutral” rating in a research note on Monday, November 2nd. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $108.44.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CHD. Edmond DE Rothschild Holding S.A. bought a new position in Church & Dwight in the second quarter valued at approximately $25,000. Clearstead Trust LLC bought a new stake in shares of Church & Dwight during the 2nd quarter worth approximately $33,000. Fulcrum Asset Management LLP raised its stake in shares of 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 purchasing an additional 310 shares in the last quarter. Field & Main Bank bought a new stake in shares of Church & Dwight during the 2nd quarter worth approximately $34,000. Finally, Triumph Capital Management boosted its holdings in shares of Church & Dwight by 516.4% in the 3rd quarter. Triumph Capital Management now owns 376 shares of the company’s stock valued at $35,000 after buying an additional 315 shares during the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

About Church & Dwight

Church & Dwight is a consumer products company whose history traces to 1846, when John Dwight and Austin Church began producing baking soda. The company is best known for its ARM & HAMMER brand and sells household, personal care, and specialty products under a portfolio of owned brands.

Its products include laundry detergents and cleaners, oral care items, cat litter, deodorants, condoms, pregnancy and ovulation tests, hair-removal products, and water flossers. Brands include OxiClean, Trojan, First Response, Nair, Waterpik, and TheraBreath, alongside ARM & HAMMER.

Church & Dwight serves consumers in the United States and international markets.