Joseph James Longo Sells 7,780 Shares of Church & Dwight Co., Inc. (NYSE:CHD) Stock

Church & Dwight Co., Inc. (NYSE:CHD) CAO Joseph James Longo sold 7,780 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $112.44, for a total value of $874,783.20. Following the completion of the sale, the chief accounting officer now owns 400 shares of the company’s stock, valued at $44,976. The trade was a 95.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Church & Dwight Price Performance

NYSE CHD opened at $110.35 on Wednesday. The company has a market cap of $27.04 billion, a P/E ratio of 49.48, a P/E/G ratio of 4.09 and a beta of 0.55. Church & Dwight Co., Inc. has a 1 year low of $90.26 and a 1 year 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 fifty day simple moving average of $104.40 and a 200 day simple moving average of $104.25.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results 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. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the business posted $0.74 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.2838 per share. The ex-dividend date is Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.03%. Church & Dwight’s dividend payout ratio (DPR) is presently 50.67%.

Analysts Set New Price Targets

A number of brokerages have commented on CHD. Evercore ISI decreased their price objective on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a research report on Monday, August 5th. Morgan Stanley cut shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target for the company. in a report on Monday, September 9th. Stifel Nicolaus dropped their price objective on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, August 5th. Piper Sandler assumed coverage on shares of Church & Dwight in a research report on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 target price for the company. Finally, Barclays lowered their price target on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Church & Dwight presently has an average rating of “Hold” and a consensus target price of $108.53.

Institutional Investors Weigh In On Church & Dwight

Several hedge funds and other institutional investors have recently modified their holdings of CHD. Peapack Gladstone Financial Corp boosted its holdings in Church & Dwight by 0.7% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 69,783 shares of the company’s stock valued at $7,307,000 after purchasing an additional 488 shares during the period. Synovus Financial Corp lifted its stake 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 valued at $2,048,000 after buying an additional 1,221 shares during the period. Tidal Investments LLC lifted its stake in shares of Church & Dwight by 5.2% in the third quarter. Tidal Investments LLC now owns 18,000 shares of the company’s stock valued at $1,885,000 after buying an additional 896 shares during the period. Wilmington Savings Fund Society FSB grew its position in Church & Dwight by 25.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 76,404 shares of the company’s stock worth $8,001,000 after buying an additional 15,598 shares in the last quarter. Finally, World Investment Advisors LLC bought a new position in Church & Dwight during the third quarter valued at about $58,338,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Company Profile

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.