Maynadier Patrick D. De Sells 54,510 Shares of Church & Dwight Co., Inc. (NYSE:CHD) Stock

Church & Dwight Co., Inc. (NYSE:CHD) EVP Maynadier Patrick D. De sold 54,510 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the sale, the executive vice president now owns 10,497 shares of the company’s stock, valued at approximately $1,217,442.06. This represents a 83.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Church & Dwight Price Performance

CHD stock opened at $109.04 on Thursday. 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 Co., Inc. has a 12 month low of $96.35 and a 12 month high of $116.46. The firm has a market cap of $26.82 billion, a P/E ratio of 46.01, a P/E/G ratio of 3.32 and a beta of 0.57. The company’s 50-day moving average price is $106.64 and its two-hundred day moving average price is $105.57.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter last year, the firm posted $0.65 EPS. On average, analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $0.295 per share. The ex-dividend date was Friday, February 14th. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a dividend yield of 1.08%. Church & Dwight’s payout ratio is 49.79%.

Institutional Investors Weigh In On Church & Dwight

Several hedge funds and other institutional investors have recently made changes to their positions in CHD. Capital Performance Advisors LLP bought a new stake in shares of Church & Dwight during the 3rd quarter valued at approximately $27,000. CWA Asset Management Group LLC bought a new stake in Church & Dwight during the 3rd quarter worth approximately $241,000. Covestor Ltd grew its holdings in Church & Dwight by 62.0% during the 3rd quarter. Covestor Ltd now owns 682 shares of the company’s stock worth $71,000 after acquiring an additional 261 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in Church & Dwight by 3.0% during the 3rd quarter. Axxcess Wealth Management LLC now owns 10,022 shares of the company’s stock worth $1,049,000 after acquiring an additional 293 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in Church & Dwight by 4.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 11,336 shares of the company’s stock worth $1,187,000 after acquiring an additional 431 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CHD shares. JPMorgan Chase & Co. cut their target price on shares of Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Piper Sandler dropped their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Truist Financial lifted their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Barclays lifted their price objective on shares of Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $105.00 price objective on shares of Church & Dwight in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Church & Dwight currently has an average rating of “Hold” and a consensus price target of $111.56.

About Church & Dwight

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, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.