Richard A. Dierker Acquires 7,950 Shares of Church & Dwight Co., Inc. (NYSE:CHD) Stock

Church & Dwight Co., Inc. (NYSE:CHD) CEO Richard A. Dierker acquired 7,950 shares of Church & Dwight stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average cost of $94.66 per share, for a total transaction of $752,547.00. Following the purchase, the chief executive officer now directly owns 16,358 shares of the company’s stock, valued at approximately $1,548,448.28. This trade represents a 94.55% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Church & Dwight Stock Performance

NYSE:CHD opened at $94.48 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The company has a market cap of $23.27 billion, a P/E ratio of 39.86, a P/E/G ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a fifty-two week low of $90.99 and a fifty-two week high of $116.46. The firm’s 50 day moving average is $102.62 and its two-hundred day moving average is $105.30.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.52 billion. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. Church & Dwight’s revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. Analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Thursday, May 15th. Church & Dwight’s dividend payout ratio is presently 50.64%.

Hedge Funds Weigh In On Church & Dwight

A number of hedge funds have recently made changes to their positions in CHD. Barclays PLC raised its stake in shares of Church & Dwight by 63.9% in the 3rd quarter. Barclays PLC now owns 1,106,131 shares of the company’s stock valued at $115,832,000 after acquiring an additional 431,257 shares during the period. Czech National Bank raised its stake in shares of Church & Dwight by 6.5% in the 4th quarter. Czech National Bank now owns 53,121 shares of the company’s stock valued at $5,562,000 after acquiring an additional 3,250 shares during the period. Courier Capital LLC raised its stake in shares of Church & Dwight by 33.3% in the 4th quarter. Courier Capital LLC now owns 4,491 shares of the company’s stock valued at $470,000 after acquiring an additional 1,121 shares during the period. Signal Advisors Wealth LLC raised its stake in shares of Church & Dwight by 10.5% in the 4th quarter. Signal Advisors Wealth LLC now owns 3,456 shares of the company’s stock valued at $362,000 after acquiring an additional 328 shares during the period. Finally, Oak Thistle LLC purchased a new position in shares of Church & Dwight in the 4th quarter valued at $807,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CHD. Barclays reduced their price objective on shares of Church & Dwight from $94.00 to $84.00 and set an “underweight” rating on the stock in a research note on Friday, May 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Church & Dwight from $106.00 to $98.00 and set an “underweight” rating on the stock in a research note on Friday, April 11th. Truist Financial upped their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Bank of America raised shares of Church & Dwight from a “neutral” rating to a “buy” rating and upped their price objective for the company from $112.00 to $125.00 in a research note on Tuesday, April 15th. Finally, Royal Bank of Canada reduced their price objective on shares of Church & Dwight from $105.00 to $100.00 and set a “sector perform” rating on the stock in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $109.13.

About Church & Dwight

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.