Church & Dwight Co., Inc. (NYSE:CHD) EVP Steven P. Cugine sold 14,500 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $74.21, for a total value of $1,076,045.00. Following the sale, the executive vice president now directly owns 38,766 shares of the company’s stock, valued at $2,876,824.86. The transaction was disclosed in a document filed with the SEC, which is available through this link.
CHD stock traded down $0.17 during midday trading on Friday, hitting $73.93. 40,220 shares of the company’s stock were exchanged, compared to its average volume of 1,302,640. The company has a current ratio of 0.81, a quick ratio of 0.45 and a debt-to-equity ratio of 0.60. The firm has a market cap of $18.12 billion, a PE ratio of 32.53, a P/E/G ratio of 3.46 and a beta of 0.24. Church & Dwight Co., Inc. has a one year low of $45.55 and a one year high of $74.99.
Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, May 2nd. The company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.04. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. Church & Dwight had a return on equity of 24.62% and a net margin of 14.02%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. On average, analysts forecast that Church & Dwight Co., Inc. will post 2.48 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.2275 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.91 annualized dividend and a yield of 1.23%. Church & Dwight’s dividend payout ratio is presently 40.09%.
A number of research analysts have commented on the company. Zacks Investment Research upgraded Church & Dwight from a “sell” rating to a “hold” rating in a research report on Thursday, March 28th. Atlantic Securities lowered Church & Dwight from an “overweight” rating to a “neutral” rating in a research report on Monday. BMO Capital Markets raised their price target on Church & Dwight to $75.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. Wells Fargo & Co restated a “hold” rating and issued a $70.00 price target on shares of Church & Dwight in a research report on Thursday, May 2nd. Finally, Citigroup lowered Church & Dwight from a “neutral” rating to a “sell” rating and set a $73.80 price target on the stock. in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $67.89.
A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in Church & Dwight by 11.6% during the third quarter. JPMorgan Chase & Co. now owns 617,252 shares of the company’s stock valued at $36,647,000 after purchasing an additional 64,158 shares in the last quarter. Legal & General Group Plc raised its position in Church & Dwight by 3.5% in the 3rd quarter. Legal & General Group Plc now owns 1,421,945 shares of the company’s stock worth $84,410,000 after purchasing an additional 48,145 shares during the period. Morgan Stanley raised its position in Church & Dwight by 425.0% in the 3rd quarter. Morgan Stanley now owns 4,795,962 shares of the company’s stock worth $284,736,000 after purchasing an additional 3,882,426 shares during the period. Vanguard Group Inc raised its position in Church & Dwight by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 27,786,142 shares of the company’s stock worth $1,649,662,000 after purchasing an additional 185,775 shares during the period. Finally, Gateway Investment Advisers LLC raised its position in Church & Dwight by 6.3% in the 4th quarter. Gateway Investment Advisers LLC now owns 19,892 shares of the company’s stock worth $1,308,000 after purchasing an additional 1,178 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.
About Church & Dwight
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. 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.
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