Rene Hemsey Sells 11,060 Shares of Church & Dwight Co., Inc. (NYSE:CHD) Stock

Church & Dwight Co., Inc. (NYSE:CHD) EVP Rene Hemsey sold 11,060 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the transaction, the executive vice president now owns 6,437 shares of the company’s stock, valued at $707,941.26. The trade was a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Church & Dwight Price Performance

CHD stock opened at $109.15 on Friday. Church & Dwight Co., Inc. has a 1 year low of $96.35 and a 1 year high of $116.46. The firm has a market capitalization of $26.85 billion, a P/E ratio of 46.05, a P/E/G ratio of 3.32 and a beta of 0.57. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The business’s 50-day moving average is $106.84 and its two-hundred day moving average is $105.65.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, January 31st. The company reported $0.77 earnings per share 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 period in the previous year, the business earned $0.65 EPS. Analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

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

Institutional Trading of Church & Dwight

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Church & Dwight by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company’s stock valued at $3,213,661,000 after acquiring an additional 193,602 shares during the last quarter. State Street Corp boosted its holdings in Church & Dwight by 8.0% in the third quarter. State Street Corp now owns 13,116,334 shares of the company’s stock valued at $1,373,542,000 after purchasing an additional 969,006 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Church & Dwight by 5.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock valued at $839,472,000 after purchasing an additional 429,863 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Church & Dwight by 19.4% during the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company’s stock worth $768,157,000 after purchasing an additional 1,190,154 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Church & Dwight by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company’s stock worth $617,794,000 after buying an additional 148,234 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Piper Sandler cut their price objective on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Barclays boosted their price target on shares of Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a research note on Tuesday, February 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $105.00 price objective on shares of Church & Dwight in a research report on Monday, February 3rd. Truist Financial lifted their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, Stifel Nicolaus raised their price target on Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $111.56.

Church & Dwight Company Profile

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.