Ravichandra Krishnamu Saligram Sells 15,504 Shares of Church & Dwight Co., Inc. (NYSE:CHD) Stock

Church & Dwight Co., Inc. (NYSE:CHDGet Free Report) Director Ravichandra Krishnamu Saligram sold 15,504 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $102.25, for a total value of $1,585,284.00. Following the transaction, the director now directly owns 33,793 shares of the company’s stock, valued at approximately $3,455,334.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Church & Dwight Stock Performance

Shares of CHD stock opened at $104.12 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.64. Church & Dwight Co., Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $104.76. The stock’s 50-day moving average is $98.65 and its two-hundred day moving average is $94.65. The firm has a market cap of $25.38 billion, a P/E ratio of 34.25, a PEG ratio of 3.58 and a beta of 0.53.

Church & Dwight (NYSE:CHDGet Free Report) last issued its earnings results on Friday, February 2nd. The company reported $0.65 earnings per share for the quarter, hitting the consensus estimate of $0.65. Church & Dwight had a return on equity of 20.28% and a net margin of 12.88%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm posted $0.62 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. Analysts predict that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were given a $0.2838 dividend. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.27. This represents a $1.14 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Wednesday, February 14th. Church & Dwight’s dividend payout ratio is presently 37.17%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Capital International Inc. CA increased its holdings in shares of Church & Dwight by 5.3% during the 2nd quarter. Capital International Inc. CA now owns 142,599 shares of the company’s stock valued at $14,293,000 after acquiring an additional 7,184 shares during the last quarter. Aviva PLC grew its holdings in Church & Dwight by 1,018.1% in the 3rd quarter. Aviva PLC now owns 103,935 shares of the company’s stock valued at $9,524,000 after buying an additional 94,639 shares during the last quarter. Comerica Bank acquired a new stake in Church & Dwight in the 2nd quarter valued at approximately $142,130,000. Rhumbline Advisers lifted its position in shares of Church & Dwight by 6.6% in the 2nd quarter. Rhumbline Advisers now owns 493,444 shares of the company’s stock worth $49,458,000 after acquiring an additional 30,386 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Church & Dwight by 11.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 363,739 shares of the company’s stock worth $33,329,000 after acquiring an additional 37,428 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CHD. Citigroup downgraded Church & Dwight from a “neutral” rating to a “sell” rating and set a $90.00 target price for the company. in a report on Wednesday, December 13th. The Goldman Sachs Group began coverage on Church & Dwight in a report on Friday, March 1st. They set a “buy” rating and a $110.00 target price for the company. Jefferies Financial Group began coverage on Church & Dwight in a report on Monday, November 13th. They set a “hold” rating and a $99.00 target price for the company. Bank of America raised Church & Dwight from an “underperform” rating to a “neutral” rating and upped their target price for the company from $85.00 to $100.00 in a report on Friday, December 15th. Finally, TheStreet raised Church & Dwight from a “c+” rating to a “b” rating in a report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $102.80.

Get Our Latest Stock Analysis on Church & Dwight

Church & Dwight Company Profile

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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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Insider Buying and Selling by Quarter for Church & Dwight (NYSE:CHD)

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