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

Church & Dwight Co., Inc. (NYSE:CHD - Get Free Report) Director Ravichandra Krishnamu Saligram sold 10,000 shares of Church & Dwight stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $106.11, for a total value of $1,061,100.00. Following the transaction, the director now owns 32,500 shares in the company, valued at $3,448,575. This trade represents a 23.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Church & Dwight Stock Performance

CHD stock remained flat at $105.82 during trading hours on Tuesday. The company's stock had a trading volume of 1,407,479 shares, compared to its average volume of 1,398,524. Church & Dwight Co., Inc. has a 1 year low of $90.69 and a 1 year high of $113.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. The firm has a market cap of $25.93 billion, a price-to-earnings ratio of 47.47, a P/E/G ratio of 3.86 and a beta of 0.57. The firm has a 50 day moving average price of $105.91 and a 200-day moving average price of $104.44.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm earned $0.74 earnings per share. Church & Dwight's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities research analysts predict that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CHD shares. Barclays reduced their target price on shares of 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 increased their price objective on Church & Dwight from $114.00 to $117.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their target price on Church & Dwight from $114.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Piper Sandler assumed coverage on shares of Church & Dwight in a research note on Tuesday, September 24th. They set an "overweight" rating and a $120.00 price target for the company. Finally, Morgan Stanley lowered 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. 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. According to MarketBeat.com, Church & Dwight has an average rating of "Hold" and an average target price of $109.56.

Hedge Funds Weigh In On Church & Dwight

Hedge funds have recently bought and sold shares of the company. Millennium Management LLC lifted its position in shares of Church & Dwight by 1,617.3% during the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company's stock worth $134,043,000 after buying an additional 1,217,568 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Church & Dwight by 4,161.5% in the second quarter. Marshall Wace LLP now owns 1,100,410 shares of the company's stock worth $114,091,000 after acquiring an additional 1,074,588 shares during the last quarter. Holocene Advisors LP acquired a new stake in shares of Church & Dwight in the 3rd quarter valued at approximately $104,795,000. State Street Corp grew its holdings in shares of Church & Dwight by 8.0% during the 3rd 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 during the last quarter. Finally, World Investment Advisors LLC acquired a new position in Church & Dwight during the 3rd quarter worth approximately $58,338,000. 86.60% of the stock is owned by institutional investors.

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.