Church & Dwight (NYSE:CHD) Stock: Insider Surabhi Pokhriyal Sells 21,970 Shares

Church & Dwight Co., Inc. (NYSE:CHD) EVP Surabhi Pokhriyal sold 21,970 shares of the company’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $111.23, for a total value of $2,443,723.10. Following the transaction, the executive vice president owned 896 shares of the company’s stock, valued at approximately $99,662.08. The trade was a 96.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Church & Dwight Price Performance

Shares of NYSE CHD opened at $112.85 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.96 and a quick ratio of 0.62. The firm has a market capitalization of $26.64 billion, a PE ratio of 34.72, a P/E/G ratio of 3.96 and a beta of 0.45. Church & Dwight Co., Inc. has a 1-year low of $81.49 and a 1-year high of $114.64. The business’s fifty day moving average price is $101.36 and its two-hundred day moving average price is $98.65.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, October 30th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. Church & Dwight had a net margin of 12.41% and a return on equity of 20.28%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share. On average, research analysts expect that Church & Dwight Co., Inc. will post 3.77 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 13th. Church & Dwight’s payout ratio is presently 37.85%.

Institutional Investors Weigh In On Church & Dwight

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. National Pension Service raised its position in Church & Dwight by 67.6% in the second quarter. National Pension Service now owns 30,911 shares of the company’s stock worth $2,995,000 after acquiring an additional 12,463 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Church & Dwight in the 2nd quarter valued at about $6,541,000. Bank of America Corp DE acquired a new stake in Church & Dwight in the 2nd quarter valued at about $223,875,000. Rakuten Investment Management Inc. bought a new position in shares of Church & Dwight during the 2nd quarter valued at about $3,794,000. Finally, Krilogy Financial LLC boosted its position in shares of Church & Dwight by 1,068.7% during the 3rd quarter. Krilogy Financial LLC now owns 45,473 shares of the company’s stock valued at $4,284,000 after purchasing an additional 41,582 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CHD shares. Royal Bank Of Canada raised their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. TD Cowen reaffirmed a “hold” rating and set a $115.00 price target (up from $97.00) on shares of Church & Dwight in a report on Tuesday, November 3rd. Wall Street Zen upgraded Church & Dwight from a “sell” rating to a “hold” rating in a research report on Saturday, October 10th. UBS Group increased their price objective on Church & Dwight from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Monday, November 2nd. Finally, Citigroup increased their price objective on Church & Dwight from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, November 2nd. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Church & Dwight presently has an average rating of “Hold” and a consensus target price of $108.44.

About Church & Dwight

Church & Dwight is a consumer products company whose history traces to 1846, when John Dwight and Austin Church began producing baking soda. The company is best known for its ARM & HAMMER brand and sells household, personal care, and specialty products under a portfolio of owned brands. Its products include laundry detergents and cleaners, oral care items, cat litter, deodorants, condoms, pregnancy and ovulation tests, hair-removal products, and water flossers. Brands include OxiClean, Trojan, First Response, Nair, Waterpik, and TheraBreath, alongside ARM & HAMMER.