Church & Dwight Co., Inc. (NYSE:CHD) Director Ravichandra Krishnamu Saligram Sells 10,000 Shares of Stock

Church & Dwight Co., Inc. (NYSE:CHD) Director Ravichandra Krishnamu Saligram sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $106.11, for a total value of $1,061,100.00. Following the sale, the director now directly owns 32,500 shares in the company, valued at approximately $3,448,575. The trade was a 23.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Church & Dwight Stock Performance

Shares of Church & Dwight stock opened at $105.82 on Wednesday. Church & Dwight Co., Inc. has a 12-month low of $90.69 and a 12-month high of $113.50. The stock has a market capitalization of $25.93 billion, a P/E ratio of 47.45, a price-to-earnings-growth ratio of 3.86 and a beta of 0.57. The company has a 50-day simple moving average of $106.02 and a 200 day simple moving average of $104.43. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 earnings per share. Research analysts expect that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were issued a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Friday, November 15th. Church & Dwight’s dividend payout ratio is presently 50.67%.

Analysts Set New Price Targets

A number of analysts recently commented on CHD shares. Piper Sandler began coverage on shares of Church & Dwight in a report on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 target price on the stock. Morgan Stanley downgraded Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective for the company. in a research report on Monday, September 9th. Barclays reduced their price objective on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. TD Cowen boosted their target price on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and an average price target of $109.56.

Institutional Investors Weigh In On Church & Dwight

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new position in Church & Dwight during the third quarter worth about $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Church & Dwight during the third quarter worth $28,000. Rothschild Investment LLC acquired a new stake in shares of Church & Dwight during the second quarter worth $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Church & Dwight during the second quarter worth $33,000. Finally, Strategic Financial Concepts LLC bought a new stake in Church & Dwight in the 2nd quarter valued at $38,000. Institutional investors own 86.60% of the company’s stock.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.