Michael Read Purchases 3,000 Shares of Church & Dwight Co., Inc. (NYSE:CHD) Stock

Church & Dwight Co., Inc. (NYSE:CHD) EVP Michael Read bought 3,000 shares of the business’s stock in a transaction on Friday, May 9th. The stock was bought at an average price of $92.07 per share, with a total value of $276,210.00. Following the transaction, the executive vice president now owns 5,505 shares in the company, valued at approximately $506,845.35. This represents a 119.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Church & Dwight Price Performance

Shares of Church & Dwight stock opened at $91.59 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The firm has a fifty day simple moving average of $104.03 and a 200-day simple moving average of $105.54. The stock has a market capitalization of $22.56 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a 1-year low of $91.08 and a 1-year high of $116.46.

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

Church & Dwight Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on CHD. TD Cowen downgraded shares of Church & Dwight from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research note on Tuesday, May 6th. Wells Fargo & Company upped their target price on Church & Dwight from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 2nd. Piper Sandler cut their price target on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Truist Financial boosted their price target on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, UBS Group dropped their price objective on Church & Dwight from $110.00 to $102.00 and set a “neutral” rating on the stock in a report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $109.13.

Institutional Trading of Church & Dwight

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHD. YANKCOM Partnership bought a new stake in shares of Church & Dwight in the fourth quarter valued at approximately $25,000. IAG Wealth Partners LLC raised its stake in Church & Dwight by 92.9% during the 1st quarter. IAG Wealth Partners LLC now owns 270 shares of the company’s stock valued at $30,000 after purchasing an additional 130 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in Church & Dwight in the 4th quarter valued at $39,000. Bernard Wealth Management Corp. acquired a new stake in Church & Dwight in the 4th quarter worth $40,000. Finally, Wayfinding Financial LLC bought a new position in shares of Church & Dwight during the 1st quarter worth about $40,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Company Profile

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.