Insider Selling: Church & Dwight Co., Inc. (NYSE:CHD) Director Sells $1,365,285.80 in Stock

Church & Dwight Co., Inc. (NYSE:CHD) Director Penry W. Price sold 14,660 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $93.13, for a total value of $1,365,285.80. Following the transaction, the director now owns 27,043 shares of the company’s stock, valued at $2,518,514.59. This trade represents a 35.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Church & Dwight Stock Performance

Shares of NYSE:CHD opened at $91.59 on Monday. The company has a market capitalization of $22.56 billion, a price-to-earnings ratio of 38.65, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a 52 week low of $91.08 and a 52 week high of $116.46. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $104.03 and a 200 day moving average of $105.54.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.52 billion. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. Church & Dwight’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 earnings per share. On average, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, May 15th. Church & Dwight’s dividend payout ratio (DPR) is 50.64%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Stifel Nicolaus boosted their target price on Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research report on Monday, February 3rd. Oppenheimer dropped their target price on Church & Dwight from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Evercore ISI dropped their target price on Church & Dwight from $106.00 to $102.00 and set an “in-line” rating for the company in a research report on Friday, May 2nd. Morgan Stanley decreased their price target on shares of Church & Dwight from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, May 5th. Finally, Truist Financial lifted their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $109.13.

Hedge Funds Weigh In On Church & Dwight

A number of large investors have recently bought and sold shares of CHD. YANKCOM Partnership acquired a new position in shares of Church & Dwight during the fourth quarter worth $25,000. IAG Wealth Partners LLC increased its position in shares of Church & Dwight by 92.9% during the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Church & Dwight during the fourth quarter worth $39,000. Bernard Wealth Management Corp. acquired a new position in shares of Church & Dwight during the fourth quarter worth $40,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Church & Dwight during the first quarter worth $40,000. 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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.