Church & Dwight Co., Inc. (NYSE:CHD) EVP Michael Read Acquires 1,100 Shares

Church & Dwight Co., Inc. (NYSE:CHD) EVP Michael Read purchased 1,100 shares of the stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of $106.82 per share, with a total value of $117,502.00. Following the transaction, the executive vice president now directly owns 2,505 shares in the company, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Church & Dwight Price Performance

Shares of NYSE:CHD opened at $105.82 on Wednesday. Church & Dwight Co., Inc. has a twelve month low of $90.69 and a twelve month high of $113.50. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The company has a market cap of $25.93 billion, a PE ratio of 47.45, a price-to-earnings-growth ratio of 3.86 and a beta of 0.57. The company’s 50 day moving average is $106.02 and its 200 day moving average is $104.43.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 earnings per share. On average, sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Friday, November 15th. Church & Dwight’s dividend payout ratio (DPR) is 50.67%.

Wall Street Analysts Forecast Growth

CHD has been the subject of a number of analyst reports. Barclays lowered their target price on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Tuesday, November 5th. Morgan Stanley cut Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective for the company. in a research note on Monday, September 9th. JPMorgan Chase & Co. raised their price objective on Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a research report on Monday, November 4th. TD Cowen boosted their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company lifted their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $109.56.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CHD. Oddo BHF Asset Management Sas purchased a new stake in Church & Dwight during the third quarter worth $5,934,000. Franklin Resources Inc. raised its position in shares of Church & Dwight by 0.8% in the third quarter. Franklin Resources Inc. now owns 520,744 shares of the company’s stock worth $53,720,000 after acquiring an additional 4,091 shares during the period. Peapack Gladstone Financial Corp grew its position in shares of Church & Dwight by 0.7% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 69,783 shares of the company’s stock valued at $7,307,000 after acquiring an additional 488 shares during the period. Synovus Financial Corp increased its stake in shares of Church & Dwight by 6.7% in the 3rd quarter. Synovus Financial Corp now owns 19,556 shares of the company’s stock valued at $2,048,000 after purchasing an additional 1,221 shares in the last quarter. Finally, Tidal Investments LLC raised its holdings in Church & Dwight by 5.2% in the 3rd quarter. Tidal Investments LLC now owns 18,000 shares of the company’s stock worth $1,885,000 after purchasing an additional 896 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.

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.