Church & Dwight Co., Inc. (NYSE:CHD) CEO Richard A. Dierker Buys 7,950 Shares

Church & Dwight Co., Inc. (NYSE:CHD) CEO Richard A. Dierker bought 7,950 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were bought at an average price of $94.66 per share, for a total transaction of $752,547.00. Following the completion of the acquisition, the chief executive officer now owns 16,358 shares of the company’s stock, valued at approximately $1,548,448.28. This represents a 94.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Church & Dwight Stock Up 1.4%

CHD stock opened at $95.92 on Friday. Church & Dwight Co., Inc. has a twelve month low of $90.99 and a twelve month high of $116.46. The company has a market cap of $23.62 billion, a PE ratio of 40.47, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55. The business’s 50-day simple moving average is $102.30 and its 200 day simple moving average is $105.26. 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 (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 return on equity of 20.03% and a net margin of 9.58%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the business earned $0.96 earnings per share. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, May 15th. Church & Dwight’s payout ratio is 50.64%.

Institutional Investors Weigh In On Church & Dwight

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Church & Dwight by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company’s stock valued at $3,461,410,000 after purchasing an additional 750,575 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Church & Dwight by 19.4% in the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company’s stock valued at $768,157,000 after purchasing an additional 1,190,154 shares during the period. Geode Capital Management LLC grew its stake in shares of Church & Dwight by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company’s stock valued at $617,794,000 after purchasing an additional 148,234 shares during the period. Stifel Financial Corp grew its stake in shares of Church & Dwight by 0.5% in the 4th quarter. Stifel Financial Corp now owns 4,316,414 shares of the company’s stock valued at $451,975,000 after purchasing an additional 20,887 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Church & Dwight by 2.6% in the 1st quarter. Northern Trust Corp now owns 3,097,722 shares of the company’s stock valued at $341,028,000 after purchasing an additional 79,170 shares during the period. 86.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Stifel Nicolaus raised their target price on Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a report on Monday, February 3rd. Piper Sandler dropped their price objective on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Bank of America upgraded Church & Dwight from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $112.00 to $125.00 in a research note on Tuesday, April 15th. 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 research note on Friday, May 2nd. Finally, Oppenheimer dropped their price objective on Church & Dwight from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Church & Dwight has an average rating of “Hold” and an average price target of $109.13.

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.