Bradley C. Irwin, a director at Church & Dwight Co. Inc. (NYSE:CHD), has recently sold a small portion of his shares in the company. According to a recent SEC filing, Irwin sold shares valued at approximately $265 at a price of $107.28 per share. Following this transaction, Irwin holds 34,103.9768 shares directly. 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. reported robust third-quarter earnings, outpacing expectations with a 3.8% increase in sales and an adjusted earnings per share (EPS) of $0.79, surpassing the forecast of $0.67. The consumer goods manufacturer's performance led TD Cowen to raise its stock price target from $114.00 to $117.00, maintaining a Buy rating. Despite a significant asset write-down in the gummy vitamins segment, growth was seen in the company's international sales and specialty products.
Conversely, Jefferies maintained a Hold rating for Church & Dwight with a price target of $108, reflecting a cautious stance regarding the U.S. consumer market. The company's strategic efforts include an increase in marketing expenditures and a focus on value-tier products, anticipating a challenging economic environment.
The company remains optimistic about long-term growth, expecting full-year organic revenue growth of 4% and an adjusted EPS growth of around 8%. Church & Dwight's strategic outlook, despite current challenges in consumer trends and manufacturing costs, remains cautiously optimistic with a focus on long-term growth and market share gains.
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