Church & Dwight Co., Inc. (NYSE:CHD) CFO Sells $9,243,014.40 in Stock

Church & Dwight Co., Inc. (NYSE:CHD) CFO Richard A. Dierker sold 86,740 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $106.56, for a total value of $9,243,014.40. Following the completion of the transaction, the chief financial officer now directly owns 7,634 shares in the company, valued at $813,479.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Church & Dwight Stock Up 0.6 %

Shares of CHD opened at $109.91 on Wednesday. The business’s 50 day moving average is $106.17 and its 200 day moving average is $101.30. The company has a market capitalization of $26.88 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 3.51 and a beta of 0.51. Church & Dwight Co., Inc. has a 12-month low of $82.25 and a 12-month high of $110.31. The company has a current ratio of 1.33, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. Research analysts expect that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were paid a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Tuesday, May 14th. Church & Dwight’s payout ratio is 35.87%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CHD. Evercore ISI raised their target price on Church & Dwight from $107.00 to $110.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. Argus raised their target price on Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. HSBC raised their target price on Church & Dwight from $110.00 to $114.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Barclays decreased their price objective on Church & Dwight from $83.00 to $82.00 and set an “underweight” rating on the stock in a research note on Monday, May 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $106.19.

Institutional Trading of Church & Dwight

A number of large investors have recently added to or reduced their stakes in CHD. Game Plan Financial Advisors LLC purchased a new position in shares of Church & Dwight in the 1st quarter worth approximately $26,000. Crewe Advisors LLC purchased a new position in shares of Church & Dwight in the 1st quarter worth approximately $28,000. Chilton Capital Management LLC boosted its holdings in shares of Church & Dwight by 50.0% in the 4th quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after purchasing an additional 110 shares during the period. Roble Belko & Company Inc purchased a new position in shares of Church & Dwight in the 1st quarter worth approximately $31,000. Finally, Creekmur Asset Management LLC purchased a new position in shares of Church & Dwight in the 4th quarter worth approximately $32,000. Institutional investors own 86.60% of the company’s stock.

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.