Church & Dwight Company, Inc. (NYSE:CHD) Director Robert D. Leblanc sold 9,718 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total value of $484,345.12. Following the completion of the sale, the director now owns 56,497 shares of the company’s stock, valued at $2,815,810.48. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of Church & Dwight Company, Inc. (NYSE CHD) traded down 0.70% during midday trading on Thursday, reaching $49.57. The company’s stock had a trading volume of 424,918 shares. The firm has a market capitalization of $12.37 billion, a P/E ratio of 29.31 and a beta of 0.57. Church & Dwight Company, Inc. has a 12-month low of $42.56 and a 12-month high of $54.18. The stock has a 50-day moving average of $52.40 and a 200 day moving average of $50.50.
Church & Dwight (NYSE:CHD) last released its earnings results on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $898 million during the quarter, compared to analysts’ expectations of $903.87 million. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 earnings per share. Equities research analysts predict that Church & Dwight Company, Inc. will post $1.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, August 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.52%. Church & Dwight’s dividend payout ratio is currently 44.97%.
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Several research firms have recently commented on CHD. Morgan Stanley lowered Church & Dwight from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 16th. Zacks Investment Research upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Friday, May 19th. Jefferies Group LLC restated a “buy” rating and issued a $60.00 price objective (up from $59.00) on shares of Church & Dwight in a research note on Thursday, July 6th. BidaskClub lowered Church & Dwight from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, BMO Capital Markets set a $50.00 price objective on Church & Dwight and gave the stock a “hold” rating in a research note on Monday, July 17th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Church & Dwight currently has a consensus rating of “Hold” and an average target price of $51.07.
Several hedge funds have recently added to or reduced their stakes in CHD. LaFleur & Godfrey LLC bought a new stake in Church & Dwight during the first quarter worth approximately $5,696,000. BB&T Securities LLC boosted its stake in Church & Dwight by 437.9% in the first quarter. BB&T Securities LLC now owns 280,837 shares of the company’s stock worth $14,005,000 after buying an additional 228,629 shares in the last quarter. Feltz Wealth PLAN Inc. bought a new stake in Church & Dwight during the first quarter worth approximately $536,000. Parametrica Management Ltd bought a new stake in Church & Dwight during the first quarter worth approximately $268,000. Finally, BlackRock Inc. boosted its stake in Church & Dwight by 2,267.4% in the first quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock worth $970,569,000 after buying an additional 18,639,877 shares in the last quarter. 82.05% of the stock is owned by institutional investors and hedge funds.
About Church & Dwight
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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