Church & Dwight Co., Inc. (NYSE:CHD) EVP and Chief Commercial Officer, Carlen Hooker, has recently sold company shares valued at a total of $266,777. The transaction occurred on June 14, 2024, and involved the sale of 2,500 shares at an average price of $106.711 per share. This sale has reduced Hooker's direct ownership in the company to zero, as per the latest SEC filing.
On the same day, Hooker also acquired 2,500 shares of Church & Dwight's common stock at a price of $75.24 per share, totaling $188,100. These shares were acquired through the exercise of stock options, which did not involve any direct cash transaction. Following this acquisition, Hooker's total direct holdings in the company stood at 2,500 shares before the subsequent sale.
In addition to the transactions involving common stock, the SEC filing also reported derivative securities transactions. Hooker exercised options to buy 2,500 shares of Church & Dwight stock at the same price of $75.24, which are now part of the 2,215 shares she continues to hold indirectly after the reported transactions.
The recent sale and acquisition of shares by the EVP suggest active management of her investment in the company. Church & Dwight investors often monitor insider trading activities as they can provide insights into executives' confidence in the company's future performance.
Investors and analysts keeping track of Church & Dwight can stay updated on further insider transactions by following the company's filings and announcements. Church & Dwight, known for its household and personal care products, continues to be a significant player in the consumer goods sector.
In other recent news, Church & Dwight Co. Inc. has been the focus of several analyst reports. BMO Capital Markets resumed coverage on the company, bestowing an Outperform rating and setting a price target of $230.00, citing the company's significant boost in scale following the acquisition of Enerplus (NYSE:ERF). CFRA raised its price target for Church & Dwight to $114 from the previous target of $112, following the company's first-quarter adjusted earnings per share (EPS) of $0.96, an increase of 12.9% year-over-year, and revenue reaching $1.5 billion.
Evercore ISI increased its price target for the company from $107.00 to $110.00, despite Church & Dwight's cautious Q2 outlook. Goldman Sachs also adjusted its outlook on the company, increasing the price target to $116 from $110, following strong Q1 results and organic sales growth reaching 5.2%.
In the company's recent earnings call, Church & Dwight reported a 5.1% increase in sales and a 5.2% rise in organic sales for Q1. The company also announced the strategic acquisition of Graphico, expanding its footprint in the Japanese market. These are just some of the recent developments involving Church & Dwight.
InvestingPro Insights
Church & Dwight Co., Inc. (NYSE:CHD) has demonstrated a robust financial performance with a PEG Ratio of 0.38 in the last twelve months as of Q1 2024, indicating potential undervaluation relative to its earnings growth. Additionally, the company's Revenue Growth of 7.86% during the same period highlights its ability to expand in a competitive consumer goods market. With a Dividend Yield of 1.05% as of May 2024, and a history of raising its dividend for 19 consecutive years, Church & Dwight showcases its commitment to shareholder returns.
Insightful InvestingPro Tips reveal that Church & Dwight has a perfect Piotroski Score of 9, suggesting strong financial health. Moreover, the company has maintained dividend payments for an impressive 50 consecutive years, reinforcing its reputation as a reliable dividend payer. These factors may be particularly attractive to income-focused investors seeking stability and consistent performance.
For those interested in deeper analysis, there are additional InvestingPro Tips available that can provide further guidance on Church & Dwight's stock performance and valuation. Subscribers can access these tips and benefit from an exclusive offer by using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With this offer, investors can make more informed decisions by leveraging the comprehensive insights provided by InvestingPro.
Stay informed on Church & Dwight's future trajectory before the next earnings date on July 26, 2024, and consider the company's solid track record, as reflected in its financial metrics and the strategic management of insider transactions.
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