Insider Sale: Church & Dwight Co., Inc. (NYSE:CHD) Executive Vice President Sells 5,000 Shares

Church & Dwight Co., Inc. (NYSE: CHD – Get a rating) EVP Rene Hemsey sold 5,000 shares of the company in a trade on Friday, September 16. The shares were sold at an average price of $76.77, for a total transaction of $383,850.00. Following the sale, the executive vice president now owns 6,259 shares of the company, valued at $480,503.43. The sale was disclosed in a legal filing with the SEC, available at this hyperlink.

Church & Dwight Price Performance

Shares of CHD traded down $0.58 in midday trading on Monday, hitting $75.96. 10,614 shares of the company were traded, against an average volume of 1,578,579. The company has a 50-day moving average of $87.74 and a 200-day moving average of $92.55. Church & Dwight Co., Inc. has a 52-week low of $76.32 and a 52-week high of $105.28. The stock has a market capitalization of $18.45 billion, a price/earnings ratio of 24.30, a PEG ratio of 3.82 and a beta of 0.35. The company has a debt ratio of 0.59, a quick ratio of 0.63 and a current ratio of 1.01.

Church & Dwight (NYSE: CHD – Get a rating) last released its quarterly earnings data on Friday, July 29. The company reported EPS of $0.76 for the quarter, beating the consensus estimate of $0.72 by $0.04. Church & Dwight had a net margin of 14.71% and a return on equity of 21.89%. The company posted revenue of $1.33 billion in the quarter, versus a consensus estimate of $1.34 billion. In the same quarter of the previous year, the company achieved EPS of $0.76. The company’s revenue increased 4.2% year over year. On average, analysts expect Church & Dwight Co., Inc. to post EPS of 2.97 for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 1. Shareholders of record on Monday August 15 received a dividend of $0.2625 per share. This represents an annualized dividend of $1.05 and a dividend yield of 1.38%. The ex-dividend date was Friday, August 12. Church & Dwight’s dividend payout ratio is 33.33%.

Church & Dwight Institutional Trading

Several hedge funds have recently changed their positions in the company. Riverview Trust Co bought a new stake in Church & Dwight in Q1 worth around $30,000. SeaCrest Wealth Management LLC purchased a new stake in Church & Dwight in Q2 worth approximately $30,000. US Asset Management LLC bought a new stake in Church & Dwight in Q1 worth around $36,000. Zions Bancorporation NA increased its position in Church & Dwight by 50.8% in the second quarter. Zions Bancorporation NA now owns 389 shares of the company worth $36,000 after purchasing an additional 131 shares during the period. Finally, Heritage Wealth Advisors increased its position in Church & Dwight by 171.2% in the 2nd quarter. Heritage Wealth Advisors now owns 396 shares of the company worth $37,000 after purchasing an additional 250 shares during the period. 82.59% of the shares are currently held by hedge funds and other institutional investors.

Analysts set new price targets

A number of equity research analysts have weighed in on CHD shares. Credit Suisse Group lowered its price target on Church & Dwight shares from $100.00 to $92.00 and set a “neutral” rating for the company in a Wednesday, September 7 research note. UBS Group cut its price target on Church & Dwight shares from $104.00 to $98.00 and set a “neutral” rating for the company in a research report Monday, Aug. 1. Wells Fargo & Company cut its price target on Church & Dwight stock from $95.00 to $90.00 and set an “overweight” rating for the company in a Wednesday, Sept. 7 research report. Morgan Stanley cut its price target on Church & Dwight shares from $86.00 to $82.00 and set an “underweight” rating for the company in a research report Monday, August 1. Finally, Barclays cut its price target on Church & Dwight shares from $76.00 to $73.00 and set an “underweight” rating for the company in a Wednesday, September 7 research report. Five analysts gave the stock a sell rating, nine gave the stock a hold rating and three gave the stock a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $91.64.

About Church & Dwight

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Church & Dwight Co, Inc develops, manufactures and markets household, personal care and specialty products. It operates through three segments: Consumer Domestic, Consumer International and Specialty Products Division. The company offers cat litter, carpet deodorizers, laundry detergents and baking soda, as well as other baking soda 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; battery-operated and manual toothbrushes under the trade mark SPINBRUSH; 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; gel food supplements under the L’IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; IMPECCABLE products; shortening and cold relief products under the ZICAM brand; and oral care products under the THERABREATH brand.

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