Church & Dwight Co., Inc. (NYSE:CHD) EVP Michael Read Purchases 2,000 Shares

Church & Dwight Co., Inc. (NYSE:CHD - Get Free Report) EVP Michael Read bought 2,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was bought at an average price of $91.27 per share, for a total transaction of $182,540.00. Following the transaction, the executive vice president owned 7,505 shares of the company's stock, valued at approximately $684,981.35. This trade represents a 36.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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Michael Read also recently made the following trade(s):

• On Friday, May 9th, Michael Read purchased 3,000 shares of Church & Dwight stock. The stock was bought at an average cost of $92.07 per share, for a total transaction of $276,210.00.

Church & Dwight Stock Performance

NYSE:CHD opened at $92.52 on Thursday. The company has a market cap of $22.54 billion, a P/E ratio of 43.64, a P/E/G ratio of 3.76 and a beta of 0.43. The firm's 50 day moving average is $96.93 and its two-hundred day moving average is $101.47. Church & Dwight Co., Inc. has a fifty-two week low of $90.82 and a fifty-two week high of $116.46. The company has a quick ratio of 1.33, a current ratio of 1.84 and a debt-to-equity ratio of 0.50.

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Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.85 by $0.09. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%. The firm's revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 earnings per share. Analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 15th. Church & Dwight's dividend payout ratio (DPR) is currently 55.66%.

Wall Street Analyst Weigh In

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CHD has been the subject of a number of research analyst reports. Royal Bank Of Canada raised Church & Dwight from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $100.00 to $114.00 in a report on Monday, June 2nd. Truist Financial set a $110.00 price target on shares of Church & Dwight and gave the stock a "buy" rating in a research note on Friday, June 6th. Rothschild & Co Redburn cut shares of Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 price objective for the company. in a research report on Monday, July 14th. Wells Fargo & Company increased their price target on shares of Church & Dwight from $105.00 to $108.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Finally, Evercore ISI lowered their price objective on Church & Dwight from $102.00 to $101.00 and set an "in-line" rating for the company in a research report on Monday. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $103.94.

Check Out Our Latest Analysis on Church & Dwight

Hedge Funds Weigh In On Church & Dwight

Several hedge funds and other institutional investors have recently made changes to their positions in CHD. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Church & Dwight by 5.7% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 521,963 shares of the company's stock valued at $50,166,000 after purchasing an additional 28,201 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Church & Dwight by 46.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,495 shares of the company's stock valued at $240,000 after buying an additional 787 shares during the period. Prospera Financial Services Inc lifted its position in Church & Dwight by 8.2% during the 2nd quarter. Prospera Financial Services Inc now owns 5,529 shares of the company's stock worth $531,000 after acquiring an additional 421 shares in the last quarter. AGF Management Ltd. boosted its holdings in Church & Dwight by 26.0% in the 2nd quarter. AGF Management Ltd. now owns 31,292 shares of the company's stock worth $3,007,000 after acquiring an additional 6,461 shares during the period. Finally, Metis Global Partners LLC raised its stake in shares of Church & Dwight by 5.2% during the second quarter. Metis Global Partners LLC now owns 23,505 shares of the company's stock valued at $2,259,000 after purchasing an additional 1,170 shares during the period. Institutional investors and hedge funds own 86.60% of the company's stock.

About Church & Dwight

(Get Free Report)

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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, 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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