Insider Selling: Church & Dwight (NYSE:CHD) Director Sells 5,000 Shares of Company Stock

Church & Dwight Co., Inc. (NYSE:CHD) Director Ravichandra Saligram sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $112.69, for a total transaction of $563,450.00. Following the sale, the director directly owned 3,653 shares in the company, valued at approximately $411,656.57. The trade was a 57.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Church & Dwight Stock Performance

Shares of CHD traded down $0.43 during mid-day trading on Thursday, hitting $111.60. 1,018,904 shares of the company traded hands, compared to its average volume of 2,069,856. 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 stock has a 50-day moving average price of $99.83 and a two-hundred day moving average price of $97.98. Church & Dwight Co., Inc. has a 1 year low of $81.49 and a 1 year high of $114.64. The stock has a market cap of $26.34 billion, a price-to-earnings ratio of 34.36, a P/E/G ratio of 3.86 and a beta of 0.45.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, October 30th. The company reported $0.92 earnings per share 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 the consensus estimate of $1.58 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities analysts anticipate that Church & Dwight Co., Inc. will post 3.77 earnings per share for the current year.

Church & Dwight Dividend Announcement

The business 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. The ex-dividend date is Friday, November 13th. This represents a $1.23 dividend on an annualized basis and a yield of 1.1%. Church & Dwight’s payout ratio is currently 37.85%.

Institutional Trading of Church & Dwight

Several large investors have recently added to or reduced their stakes in CHD. Confluence Wealth Services Inc. purchased a new position in shares of Church & Dwight during the 3rd quarter worth $304,000. New York Life Investment Management LLC grew its position in shares of Church & Dwight by 1.3% during the 3rd quarter. New York Life Investment Management LLC now owns 40,973 shares of the company’s stock valued at $3,860,000 after acquiring an additional 534 shares during the period. AlphaCore Capital LLC grew its position in shares of Church & Dwight by 20.2% during the 3rd quarter. AlphaCore Capital LLC now owns 35,707 shares of the company’s stock valued at $3,364,000 after acquiring an additional 5,990 shares during the period. Fulcrum Asset Management LLP increased its stake in shares of Church & Dwight by 815.8% in the 3rd quarter. Fulcrum Asset Management LLP now owns 348 shares of the company’s stock worth $33,000 after purchasing an additional 310 shares in the last quarter. Finally, Candriam S.C.A. increased its stake in shares of Church & Dwight by 7.8% in the 3rd quarter. Candriam S.C.A. now owns 279,262 shares of the company’s stock worth $26,408,000 after purchasing an additional 20,133 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CHD shares. Citigroup raised their price target on Church & Dwight from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday. Oppenheimer upped their price objective on Church & Dwight from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Church & Dwight in a research report on Wednesday, October 14th. Wall Street Zen raised Church & Dwight from a “sell” rating to a “hold” rating in a report on Saturday, October 10th. Finally, UBS Group raised their target price on Church & Dwight from $106.00 to $112.00 and gave the stock a “neutral” rating in a research report on Monday. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $108.44.

Key Stories Impacting Church & Dwight

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

• Positive Sentiment: Several analysts have raised their price targets or expressed optimism. Wells Fargo lifted its target to $115, Morgan Stanley to $117, and JPMorgan and Citi also issued favorable outlooks. Recent quarterly results beat estimates, offering a positive backdrop. Analyst outlooks
• Neutral Sentiment: Analyst opinion is not uniformly bullish: some target increases came with neutral or equal-weight ratings, and the broader consensus remains “Hold.” Barclays analyst coverage
• Negative Sentiment: CEO Richard Dierker sold 83,340 shares for about $9.1 million, cutting his reported stake by 68.31%. The filing does not state the reason for the sale. CEO share sale
• Negative Sentiment: Director Bradley Irwin also sold 4,300 shares, worth about $475,000, reducing his direct holdings by 10.76%. Director share sale
• Negative Sentiment: Barclays maintained a sell rating and a cautious price target, contrasting with recent target increases from other firms. Barclays rating

Church & Dwight Company Profile

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.