Insider Buying: Church & Dwight Co., Inc. (NYSE:CHD) EVP Buys $117,502.00 in Stock

Church & Dwight Co., Inc. (NYSE:CHD) EVP Michael Read bought 1,100 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average price of $106.82 per share, with a total value of $117,502.00. Following the completion of the transaction, the executive vice president now directly owns 2,505 shares of the company’s stock, valued at $267,584.10. This represents a 78.29 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Church & Dwight Stock Up 0.0 %

Church & Dwight stock traded up $0.03 during mid-day trading on Tuesday, hitting $105.85. The company had a trading volume of 429,313 shares, compared to its average volume of 1,394,425. Church & Dwight Co., Inc. has a 12 month low of $90.69 and a 12 month high of $113.50. The company has a market capitalization of $25.93 billion, a PE ratio of 47.47, a price-to-earnings-growth ratio of 3.86 and a beta of 0.57. The stock’s 50 day moving average price is $105.91 and its two-hundred day moving average price is $104.44. 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 (NYSE:CHD) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.68 by $0.11. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. Church & Dwight’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 EPS. As a group, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.07%. Church & Dwight’s dividend payout ratio is 50.67%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Capital Performance Advisors LLP purchased a new stake in Church & Dwight in the third quarter worth approximately $27,000. Ashton Thomas Securities LLC bought a new stake in Church & Dwight during the third quarter valued at approximately $28,000. Rothschild Investment LLC bought a new stake in shares of Church & Dwight during the 2nd quarter valued at $31,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Church & Dwight during the second quarter valued at about $33,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Church & Dwight during the 2nd quarter valued at approximately $38,000. 86.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays cut their target price 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. Piper Sandler started coverage on Church & Dwight in a report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price target on the stock. Wells Fargo & Company increased their price objective on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Finally, TD Cowen raised their price target on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $109.56.

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.