Ravichandra Krishnamu Saligram Sells 14,660 Shares of Church & Dwight Co., Inc. (NYSE:CHD) Stock

Church & Dwight Co., Inc. (NYSE:CHD - Get Free Report) Director Ravichandra Krishnamu Saligram sold 14,660 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $99.00, for a total value of $1,451,340.00. Following the completion of the sale, the director now owns 13,747 shares in the company, valued at approximately $1,360,953. The trade was a 51.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Church & Dwight Price Performance

Shares of Church & Dwight stock traded down $0.78 on Thursday, reaching $98.85. The company's stock had a trading volume of 1,687,402 shares, compared to its average volume of 1,705,075. The company has a market capitalization of $24.35 billion, a P/E ratio of 41.71, a PEG ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a 52-week low of $90.99 and a 52-week high of $116.46. The stock has a 50-day moving average price of $99.56 and a 200-day moving average price of $104.58. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.02. The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.52 billion. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. The business's revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 earnings per share. Analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were issued a $0.295 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a yield of 1.19%. Church & Dwight's payout ratio is currently 50.64%.

Analyst Ratings Changes

Several equities analysts have recently commented on CHD shares. Morgan Stanley cut their price target on Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Cowen downgraded Church & Dwight from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. UBS Group decreased their target price on Church & Dwight from $110.00 to $102.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Barclays decreased their target price on Church & Dwight from $94.00 to $84.00 and set an "underweight" rating for the company in a report on Friday, May 2nd. Finally, Evercore ISI decreased their target price on Church & Dwight from $106.00 to $102.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $110.00.

Institutional Trading of Church & Dwight

Several large investors have recently added to or reduced their stakes in CHD. Caprock Group LLC grew its holdings in Church & Dwight by 3.2% in the 4th quarter. Caprock Group LLC now owns 11,196 shares of the company's stock valued at $1,172,000 after buying an additional 349 shares in the last quarter. DAVENPORT & Co LLC raised its position in Church & Dwight by 2.3% in the 4th quarter. DAVENPORT & Co LLC now owns 31,011 shares of the company's stock valued at $3,247,000 after purchasing an additional 685 shares in the last quarter. Boston Trust Walden Corp raised its position in Church & Dwight by 0.4% in the 4th quarter. Boston Trust Walden Corp now owns 198,338 shares of the company's stock valued at $20,768,000 after purchasing an additional 837 shares in the last quarter. Longboard Asset Management LP acquired a new stake in Church & Dwight in the 4th quarter valued at about $201,000. Finally, E. Ohman J or Asset Management AB raised its position in Church & Dwight by 13.3% in the 4th quarter. E. Ohman J or Asset Management AB now owns 11,100 shares of the company's stock valued at $1,162,000 after purchasing an additional 1,300 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

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.