Richard A. Dierker Buys 5,470 Shares of Church & Dwight Co., Inc. (NYSE:CHD) Stock

Key Points

• Richard A. Dierker, CEO of Church & Dwight Co., purchased 5,470 shares at an average price of $91.57, resulting in a total investment of approximately $500,888 and increasing his ownership of the stock by 25.16%.
• The company's stock recently saw a trading volume of 891,031 shares, with a current market capitalization of $22.37 billion and earnings per share (EPS) of $0.94, which exceeded expectations for the quarter.
• Church & Dwight announced a quarterly dividend of $0.295 per share, reflecting an annualized dividend yield of 1.3% and a payout ratio of 55.66%.

Church & Dwight Co., Inc. (NYSE:CHD - Get Free Report) CEO Richard A. Dierker acquired 5,470 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were acquired at an average cost of $91.57 per share, for a total transaction of $500,887.90. Following the acquisition, the chief executive officer directly owned 27,212 shares of the company's stock, valued at $2,491,802.84. This trade represents a 25.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Church & Dwight Stock Performance

Shares of CHD traded up $0.18 during mid-day trading on Tuesday, hitting $91.84. The stock had a trading volume of 891,031 shares, compared to its average volume of 2,061,476. The company has a market cap of $22.37 billion, a PE ratio of 43.34, a PEG ratio of 3.75 and a beta of 0.43. The company's fifty day simple moving average is $96.53 and its two-hundred day simple moving average is $101.09. The company has a quick ratio of 1.33, a current ratio of 1.84 and a debt-to-equity ratio of 0.50. Church & Dwight Co., Inc. has a fifty-two week low of $90.50 and a fifty-two week high of $116.46.

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

Church & Dwight Dividend Announcement

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

Wall Street Analysts Forecast Growth

CHD has been the topic of a number of research analyst reports. Wall Street Zen upgraded Church & Dwight from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Rothschild & Co Redburn downgraded Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 target price on the stock. in a research report on Monday, July 14th. TD Cowen lowered shares of Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 price target on the stock. in a report on Tuesday, May 6th. Royal Bank Of Canada upgraded Church & Dwight from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $100.00 to $114.00 in a report on Monday, June 2nd. Finally, Bank of America upgraded Church & Dwight from a "neutral" rating to a "buy" rating and raised their price objective for the company from $112.00 to $125.00 in a research note on Tuesday, April 15th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $103.94.

Institutional Trading of Church & Dwight

Several hedge funds have recently added to or reduced their stakes in CHD. Nuveen LLC bought a new stake in shares of Church & Dwight in the 1st quarter worth $106,736,000. GAMMA Investing LLC grew its holdings in shares of Church & Dwight by 12,489.8% in the 1st quarter. GAMMA Investing LLC now owns 861,895 shares of the company's stock worth $94,886,000 after acquiring an additional 855,049 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Church & Dwight by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company's stock worth $3,461,410,000 after acquiring an additional 750,575 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Church & Dwight by 48.3% in the 1st quarter. American Century Companies Inc. now owns 2,115,040 shares of the company's stock worth $232,845,000 after acquiring an additional 688,863 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Church & Dwight by 526.6% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 648,870 shares of the company's stock worth $62,363,000 after acquiring an additional 545,318 shares during the last quarter. Institutional investors own 86.60% of the company's stock.

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.

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