Church & Dwight Co., Inc. (NYSE:CHD) EVP Purchases $494,274.42 in Stock

Key Points

• Lee B. Mcchesney, EVP of Church & Dwight, purchased 5,409 shares at an average price of $91.38, totaling approximately **$494,274** in the transaction.
• Church & Dwight reported **earnings per share (EPS)** of $0.94 for the last quarter, surpassing analysts' expectations of $0.85, but noted a **0.3% decrease in revenue** compared to the previous year.
• The company declared a **quarterly dividend** of $0.295 per share, with a payout ratio of **55.66%**, indicating a focus on returning value to shareholders.

Church & Dwight Co., Inc. (NYSE:CHD - Get Free Report) EVP Lee B. Mcchesney bought 5,409 shares of the stock in a transaction on Friday, August 8th. The stock was purchased at an average price of $91.38 per share, for a total transaction of $494,274.42. Following the completion of the purchase, the executive vice president owned 5,409 shares of the company's stock, valued at approximately $494,274.42. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Church & Dwight Stock Down 0.2%

CHD traded down $0.14 during trading on Friday, hitting $92.46. 1,962,176 shares of the company's stock traded hands, compared to its average volume of 2,429,810. The company's 50 day simple moving average is $96.00 and its two-hundred day simple moving average is $100.76. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. Church & Dwight Co., Inc. has a 12-month low of $90.50 and a 12-month high of $116.46. The stock has a market capitalization of $22.52 billion, a price-to-earnings ratio of 43.61, a PEG ratio of 3.82 and a beta of 0.43.

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

Church & Dwight Dividend Announcement

The company also recently declared 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 is Friday, August 15th. Church & Dwight's dividend payout ratio (DPR) is 55.66%.

Hedge Funds Weigh In On Church & Dwight

A number of institutional investors and hedge funds have recently modified their holdings of the company. IAG Wealth Partners LLC lifted its position in Church & Dwight by 92.9% during the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock valued at $30,000 after purchasing an additional 130 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Church & Dwight in the first quarter worth about $40,000. Versant Capital Management Inc increased its holdings in shares of Church & Dwight by 42.1% in the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock worth $42,000 after purchasing an additional 112 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in Church & Dwight during the fourth quarter worth approximately $42,000. Finally, Chilton Capital Management LLC increased its stake in Church & Dwight by 90.9% during the first quarter. Chilton Capital Management LLC now owns 420 shares of the company's stock worth $46,000 after acquiring an additional 200 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CHD shares. JPMorgan Chase & Co. cut their target price on Church & Dwight from $97.00 to $92.00 and set an "underweight" rating for the company in a research note on Monday, August 4th. Oppenheimer decreased their target price on Church & Dwight from $120.00 to $115.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Evercore ISI cut their price objective on Church & Dwight from $102.00 to $101.00 and set an "in-line" rating for the company in a report on Monday, August 4th. Redburn Partners set a $83.00 target price on Church & Dwight in a report on Monday, July 14th. Finally, Rothschild & Co Redburn cut Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 price objective for the company. in a report on Monday, July 14th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Church & Dwight has an average rating of "Hold" and an average target price of $103.94.

Church & Dwight Company Profile

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.