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

Church & Dwight Co., Inc. (NYSE:CHD) EVP Michael Read acquired 1,100 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was bought at an average cost of $106.82 per share, for a total transaction of $117,502.00. Following the purchase, the executive vice president now directly owns 2,505 shares of the company’s stock, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Church & Dwight Stock Up 0.1 %

Shares of NYSE CHD opened at $105.86 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 12-month low of $90.69 and a 12-month high of $113.50. The firm’s 50-day moving average price is $106.13 and its 200-day moving average price is $104.44. The stock has a market capitalization of $25.94 billion, a price-to-earnings ratio of 47.47, a P/E/G ratio of 3.86 and a beta of 0.57.

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

Church & Dwight Announces Dividend

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

Institutional Investors Weigh In On Church & Dwight

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Piper Sandler assumed coverage on shares of Church & Dwight in a research note on Tuesday, September 24th. They set an “overweight” rating and a $120.00 target price on the stock. Wells Fargo & Company raised their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Morgan Stanley downgraded shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a report on Monday, September 9th. TD Cowen raised their price target on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Barclays dropped their price objective on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $109.56.

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.