Church & Dwight Co., Inc. (NYSE:CHD) Director James Craigie sold 300,000 shares of Church & Dwight stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $66.43, for a total value of $19,929,000.00. Following the completion of the transaction, the director now owns 327,577 shares of the company’s stock, valued at approximately $21,760,940.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of NYSE CHD opened at $67.88 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $16.21 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 2.87 and a beta of 0.31. Church & Dwight Co., Inc. has a 1 year low of $43.42 and a 1 year high of $67.91.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. Church & Dwight had a net margin of 20.25% and a return on equity of 25.00%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. On average, sell-side analysts predict that Church & Dwight Co., Inc. will post 2.28 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th will be paid a $0.2175 dividend. This represents a $0.87 annualized dividend and a yield of 1.28%. The ex-dividend date is Wednesday, November 14th. Church & Dwight’s payout ratio is currently 44.85%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bartlett & Co. LLC lifted its stake in Church & Dwight by 937.5% in the second quarter. Bartlett & Co. LLC now owns 1,992 shares of the company’s stock worth $106,000 after purchasing an additional 1,800 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Church & Dwight during the third quarter valued at approximately $107,000. Fort L.P. bought a new stake in shares of Church & Dwight during the second quarter valued at approximately $129,000. Global Trust Asset Management LLC bought a new stake in shares of Church & Dwight during the third quarter valued at approximately $142,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Church & Dwight during the second quarter valued at approximately $148,000. 85.19% of the stock is owned by institutional investors and hedge funds.
CHD has been the subject of several recent research reports. Bank of America lifted their price target on Church & Dwight from $55.00 to $58.00 and gave the stock an “underperform” rating in a research report on Thursday, October 4th. Deutsche Bank lowered Church & Dwight from a “hold” rating to a “sell” rating and set a $51.00 price target for the company. in a research report on Wednesday, October 10th. ValuEngine upgraded Church & Dwight from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Oppenheimer lifted their price target on Church & Dwight from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, September 27th. Finally, Zacks Investment Research lowered Church & Dwight from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $58.47.
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About Church & Dwight
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products 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; and water flossers and replacement showerheads under the WATERPIK brand.
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