Insider Selling: Church & Dwight Co., Inc. (NYSE:CHD) EVP Sells 11,060 Shares of Stock

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

Church & Dwight Stock Down 0.6 %

CHD stock opened at $109.15 on Friday. The company has a 50 day moving average of $106.84 and a two-hundred day moving average of $105.68. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. Church & Dwight Co., Inc. has a 12-month low of $96.35 and a 12-month high of $116.46. The company has a market cap of $26.85 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 3.32 and a beta of 0.57.

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

Church & Dwight Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Siemens Fonds Invest GmbH boosted its holdings in Church & Dwight by 3.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 9,242 shares of the company’s stock worth $967,000 after purchasing an additional 347 shares in the last quarter. Cim LLC lifted its position in shares of Church & Dwight by 0.8% in the fourth quarter. Cim LLC now owns 34,209 shares of the company’s stock worth $3,582,000 after buying an additional 286 shares during the last quarter. Menard Financial Group LLC bought a new stake in shares of Church & Dwight during the 4th quarter worth about $99,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Church & Dwight during the 4th quarter valued at about $36,493,000. Finally, Bernard Wealth Management Corp. bought a new position in shares of Church & Dwight in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analysts Set New Price Targets

CHD has been the subject of several research reports. Barclays raised their price objective on shares of Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a research report on Tuesday, February 4th. Royal Bank of Canada restated a “sector perform” rating and issued a $105.00 price target on shares of Church & Dwight in a research report on Monday, February 3rd. Piper Sandler cut their price objective on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Truist Financial lifted their target price on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, 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 report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $111.56.

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.