Church & Dwight (NYSE:CHD) Trading Up 1.1% on Strong Earnings

Shares of Church & Dwight Co., Inc. (NYSE:CHD) rose 1.1% on Monday after the company announced better than expected quarterly earnings. The stock traded as high as $100.89 and last traded at $99.64. Approximately 806,773 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 1,360,731 shares. The stock had previously closed at $98.53.

The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.09. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be given a $0.2838 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.12%. Church & Dwight’s dividend payout ratio (DPR) is presently 35.87%.

Analyst Ratings Changes

CHD has been the topic of a number of research analyst reports. Oppenheimer upped their target price on Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Morgan Stanley decreased their price objective on shares of Church & Dwight from $114.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday. JPMorgan Chase & Co. dropped their target price on shares of Church & Dwight from $101.00 to $97.00 and set an “underweight” rating for the company in a research report on Monday. Truist Financial cut their price target on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $106.58.

Insider Transactions at Church & Dwight

In related news, EVP Barry A. Bruno sold 59,328 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the completion of the sale, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $429,179.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Maynadier Patrick D. De sold 54,654 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the transaction, the executive vice president now owns 10,325 shares in the company, valued at approximately $1,104,775. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Barry A. Bruno sold 59,328 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $99.37, for a total value of $5,895,423.36. Following the transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $429,179.03. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 220,722 shares of company stock worth $23,139,816. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Church & Dwight

Several hedge funds have recently made changes to their positions in the business. Game Plan Financial Advisors LLC bought a new stake in Church & Dwight in the first quarter valued at $26,000. Crewe Advisors LLC bought a new stake in shares of Church & Dwight during the 1st quarter valued at about $28,000. Roble Belko & Company Inc purchased a new position in shares of Church & Dwight during the first quarter valued at about $31,000. Rothschild Investment LLC bought a new position in Church & Dwight in the second quarter worth about $31,000. Finally, Creekmur Asset Management LLC purchased a new stake in Church & Dwight in the fourth quarter worth about $32,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Stock Performance

The company has a 50-day simple moving average of $104.55 and a two-hundred day simple moving average of $103.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 1.33. The firm has a market capitalization of $24.78 billion, a P/E ratio of 32.41, a PEG ratio of 3.21 and a beta of 0.52.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.