In a recent move, Robert K. Shearer, a director at Church & Dwight Co Inc (NYSE:CHD), sold shares in the company, resulting in a total transaction value of approximately $1.4 million. The sale took place on May 8, 2024, with the shares being sold at a weighted average price range of $106.33 to $106.39, as detailed in a footnote of the filing. The exact number of shares sold was 13,200, and the sale was executed at an average price of $106.3629 per share.
On the same day, Shearer also engaged in a separate transaction, acquiring the same number of shares, 13,200, at a price of $50.28 each, amounting to a total of $663,696. This transaction was related to the exercise of stock options under the company's incentive plan.
Following these transactions, Shearer's direct ownership in Church & Dwight stands at 29,108 shares of common stock. Additionally, Shearer holds smaller amounts of stock, with 820 and 750 shares in two separate non-derivative holdings.
Investors often keep a close eye on insider transactions as they can provide insights into executives' perspectives on the company's current valuation and future prospects. Church & Dwight, known for its household products, is traded on the New York Stock Exchange under the ticker symbol CHD. The company's business address is located in Ewing, New Jersey.
The transactions were reported in a Form 4 filing with the Securities and Exchange Commission, dated May 9, 2024.
InvestingPro Insights
In light of the recent insider transactions at Church & Dwight Co Inc (NYSE:CHD), investors may find it beneficial to consider the company's financial health and market performance. According to InvestingPro data, Church & Dwight holds a market capitalization of approximately $26.11 billion, reflecting its significant presence in the consumer goods sector. The company's P/E ratio stands at 33.45, which, when aligned with its adjusted P/E ratio of 33.47 for the last twelve months as of Q1 2024, indicates a consistent valuation in terms of earnings.
Moreover, Church & Dwight's PEG ratio for the same period is notably low at 0.38, suggesting that the company's earnings growth rate is robust relative to its P/E ratio. This could be an attractive point for investors looking for growth at a reasonable price. The company's revenue growth also remains positive, with a 7.86% increase over the last twelve months as of Q1 2024, although the quarterly growth rate is a more modest 5.14% for Q1 2024.
One of the key InvestingPro Tips highlights Church & Dwight's commitment to shareholder returns, as the company has raised its dividend for 19 consecutive years. This is a testament to its financial stability and management's confidence in the company's profitability. Furthermore, Church & Dwight's stock is known for low price volatility, which might appeal to investors seeking a more stable investment amidst market fluctuations.
For those who are considering a deeper analysis of Church & Dwight's financials and market position, there are additional InvestingPro Tips available. With a total of 16 tips, including insights on analysts' earnings revisions and the company's valuation multiples, investors can gain a comprehensive understanding of the stock's potential. Access these valuable insights by visiting https://www.investing.com/pro/CHD, and don't forget to use the coupon code PRONEWS24 to get an extra 10% off a yearly or biyearly Pro and Pro+ subscription.
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