Church & Dwight Co., Inc. (NYSE:CHD) Director Janet S. Vergis purchased 300 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of $67.19 per share, for a total transaction of $20,157.00. Following the acquisition, the director now owns 11,388 shares of the company’s stock, valued at approximately $765,159.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NYSE CHD opened at $67.19 on Friday. Church & Dwight Co., Inc. has a twelve month low of $59.64 and a twelve month high of $80.99. The firm has a fifty day simple moving average of $73.52 and a 200 day simple moving average of $75.00. The company has a market capitalization of $16.51 billion, a PE ratio of 29.60, a P/E/G ratio of 3.09 and a beta of 0.12. The company has a quick ratio of 0.46, a current ratio of 0.80 and a debt-to-equity ratio of 0.71.
Church & Dwight (NYSE:CHD) last announced its earnings results on Thursday, October 31st. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. Church & Dwight had a net margin of 14.33% and a return on equity of 24.91%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the firm earned $0.58 earnings per share. Church & Dwight’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, equities analysts expect that Church & Dwight Co., Inc. will post 2.48 earnings per share for the current fiscal year.
A number of brokerages have recently commented on CHD. Bank of America upgraded shares of Church & Dwight from a “neutral” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Friday, September 27th. Citigroup upgraded shares of Church & Dwight from a “sell” rating to a “neutral” rating and set a $71.00 price target on the stock in a report on Friday, November 1st. Morgan Stanley set a $70.00 price target on shares of Church & Dwight and gave the stock a “hold” rating in a report on Friday, November 1st. Barclays reiterated a “sell” rating and set a $62.00 price target on shares of Church & Dwight in a report on Sunday, November 3rd. Finally, ValuEngine lowered shares of Church & Dwight from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $73.47.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Church & Dwight by 1.9% in the second quarter. Vanguard Group Inc. now owns 29,006,550 shares of the company’s stock valued at $2,119,218,000 after purchasing an additional 531,679 shares in the last quarter. BlackRock Inc. increased its stake in Church & Dwight by 5.9% in the second quarter. BlackRock Inc. now owns 20,701,434 shares of the company’s stock valued at $1,512,447,000 after purchasing an additional 1,151,283 shares in the last quarter. Morgan Stanley increased its stake in Church & Dwight by 10.2% in the second quarter. Morgan Stanley now owns 5,981,868 shares of the company’s stock valued at $437,037,000 after purchasing an additional 556,109 shares in the last quarter. Invesco Ltd. increased its stake in Church & Dwight by 116.9% in the second quarter. Invesco Ltd. now owns 5,393,316 shares of the company’s stock valued at $394,035,000 after purchasing an additional 2,906,844 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Church & Dwight by 3.9% in the second quarter. Northern Trust Corp now owns 3,063,245 shares of the company’s stock valued at $223,801,000 after purchasing an additional 114,652 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.
About Church & Dwight
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and 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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