Rick Spann Sells 39,520 Shares of Church & Dwight Co., Inc. (NYSE:CHD) Stock

Church & Dwight Co., Inc. (NYSE:CHD) EVP Rick Spann sold 39,520 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $112.00, for a total transaction of $4,426,240.00. Following the completion of the sale, the executive vice president now directly owns 4,973 shares of the company’s stock, valued at approximately $556,976. This trade represents a 88.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Church & Dwight Price Performance

CHD stock traded down $0.29 on Tuesday, reaching $110.95. 88,591 shares of the company’s stock were exchanged, compared to its average volume of 1,395,004. Church & Dwight Co., Inc. has a twelve month low of $90.26 and a twelve month high of $113.50. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The stock has a fifty day moving average of $105.02 and a 200-day moving average of $104.35. The firm has a market cap of $27.18 billion, a PE ratio of 49.87, a P/E/G ratio of 4.03 and a beta of 0.57.

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

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a $0.2838 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.02%. Church & Dwight’s payout ratio is 50.67%.

Analyst Ratings Changes

CHD has been the subject of several research reports. JPMorgan Chase & Co. boosted their target price on Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a report on Monday, November 4th. Wells Fargo & Company increased their price objective on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 4th. TD Cowen raised their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Stifel Nicolaus reduced their price target on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, August 5th. Finally, Morgan Stanley downgraded shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective on the stock. in a research report on Monday, September 9th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $108.53.

Hedge Funds Weigh In On Church & Dwight

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new position in shares of Church & Dwight during the 3rd quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in Church & Dwight during the 3rd quarter valued at $28,000. Rothschild Investment LLC purchased a new position in Church & Dwight during the second quarter worth $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Church & Dwight in the second quarter valued at $33,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Church & Dwight in the second quarter valued at $38,000. Institutional investors and hedge funds 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.