Church & Dwight (NYSE:CHD) Director Sells $474,548.00 in Stock

Church & Dwight Co., Inc. (NYSE:CHD) Director Bradley Irwin sold 4,300 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $110.36, for a total transaction of $474,548.00. Following the sale, the director directly owned 35,674 shares of the company’s stock, valued at $3,936,982.64. This represents a 10.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Church & Dwight Stock Down 0.5%

Shares of NYSE CHD opened at $111.46 on Friday. The company has a market capitalization of $26.31 billion, a P/E ratio of 34.30, a price-to-earnings-growth ratio of 3.96 and a beta of 0.45. Church & Dwight Co., Inc. has a 52-week low of $81.49 and a 52-week high of $114.64. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 0.96. The company’s 50 day moving average price is $100.00 and its 200-day moving average price is $98.08.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, October 30th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Church & Dwight had a net margin of 12.41% and a return on equity of 20.28%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the firm posted $0.81 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Equities analysts forecast that Church & Dwight Co., Inc. will post 3.77 earnings per share for the current year.

Church & Dwight Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Oppenheimer raised their price objective on shares of Church & Dwight from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 28th. Wall Street Zen raised shares of Church & Dwight from a “sell” rating to a “hold” rating in a research note on Saturday, October 10th. Royal Bank Of Canada increased their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Church & Dwight in a report on Wednesday, October 14th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $115.00 price target on shares of Church & Dwight in a research note on Monday, August 3rd. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $108.44.

Key Church & Dwight News

Here are the key news stories impacting Church & Dwight this week:

• Positive Sentiment: Wells Fargo reiterated its “overweight” rating and raised its target to $115; Morgan Stanley lifted its target to $117, and reports also cite favorable calls from JPMorgan and Citigroup. The analyst optimism follows Church & Dwight’s recent quarterly earnings and revenue beat. Wells Fargo rating
• Neutral Sentiment: Analyst opinion is not uniformly bullish: Morgan Stanley’s higher target came with an “equal weight” rating, and Barclays maintained a “sell” rating. This disagreement tempers the positive target revisions. Barclays rating
• Negative Sentiment: Several company insiders reported selling shares, led by CEO Richard Dierker, who sold 83,340 shares (about $9.1 million), reducing his holdings by 68.31%. EVP Michael Read sold 8,700 shares, and Director Ravichandra Saligram sold 5,000; director Bradley Irwin also recently sold 4,300. The filings do not specify why the shares were sold, but the transactions may create a near-term sentiment headwind. CEO filing EVP filing Director filing

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHD. Principle Wealth Partners LLC increased its position in shares of Church & Dwight by 2.1% during the 3rd quarter. Principle Wealth Partners LLC now owns 4,900 shares of the company’s stock valued at $462,000 after purchasing an additional 100 shares during the last quarter. North Dakota State Investment Board boosted its holdings in shares of Church & Dwight by 1.5% in the 3rd quarter. North Dakota State Investment Board now owns 7,254 shares of the company’s stock worth $683,000 after buying an additional 109 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of Church & Dwight by 5.3% in the 1st quarter. Arkadios Wealth Advisors now owns 2,692 shares of the company’s stock worth $251,000 after buying an additional 136 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Church & Dwight by 3.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,222 shares of the company’s stock worth $506,000 after buying an additional 153 shares during the last quarter. Finally, Keybank National Association OH grew its position in Church & Dwight by 0.4% during the first quarter. Keybank National Association OH now owns 35,870 shares of the company’s stock valued at $3,347,000 after buying an additional 156 shares during the period. Institutional investors own 86.60% of the company’s stock.

About Church & Dwight

Church & Dwight Co, Inc is a consumer packaged goods company that develops, manufactures and markets household, personal care and specialty products. Its portfolio is anchored by the ARM & HAMMER brand, which is used across products such as baking soda, laundry detergent, cat litter, household cleaners, oral care products and personal care items.

The company also markets a broad range of branded products, including OxiClean laundry and cleaning products, Trojan sexual wellness products, Waterpik oral health devices, First Response pregnancy and fertility tests, Nair hair-removal products, Orajel oral pain relief, TheraBreath oral care products, and vitamins and supplements sold under the Vitafusion and L’il Critters brands.