Church & Dwight Co., Inc. (NYSE:CHD) EVP Sells $1,216,378.80 in Stock

Church & Dwight Co., Inc. (NYSE:CHD) EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the sale, the executive vice president now directly owns 6,437 shares in the company, valued at $707,941.26. This trade represents a 63.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Church & Dwight Price Performance

Shares of NYSE CHD opened at $109.15 on Friday. Church & Dwight Co., Inc. has a 1-year low of $96.35 and a 1-year high of $116.46. The firm has a market capitalization of $26.85 billion, a PE ratio of 46.05, a P/E/G ratio of 3.32 and a beta of 0.57. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The business’s fifty day moving average price is $106.84 and its two-hundred day moving average price is $105.68.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same period in the prior year, the firm posted $0.65 EPS. On average, research analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.08%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight’s dividend payout ratio is 49.79%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CHD shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. Barclays lifted their price objective on Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their target price on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Truist Financial lifted their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Stifel Nicolaus increased their price objective on shares of Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Church & Dwight has an average rating of “Hold” and a consensus price target of $111.56.

Institutional Trading of Church & Dwight

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Church & Dwight by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company’s stock worth $3,213,661,000 after purchasing an additional 193,602 shares in the last quarter. State Street Corp grew its position in Church & Dwight by 8.0% in the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company’s stock valued at $1,373,542,000 after buying an additional 969,006 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Church & Dwight by 5.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock valued at $839,472,000 after buying an additional 429,863 shares during the period. JPMorgan Chase & Co. raised its position in shares of Church & Dwight by 19.4% during the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company’s stock worth $768,157,000 after buying an additional 1,190,154 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Church & Dwight by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company’s stock worth $617,794,000 after acquiring an additional 148,234 shares during the period. Institutional investors own 86.60% of the company’s stock.

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.