Matthew Farrell, President and CEO of Church & Dwight Co. Inc. (NYSE:CHD), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Farrell sold 34,177 shares of common stock on November 7 at an average price of $104.30 per share, totaling approximately $3.56 million.
This transaction follows an earlier acquisition of the same number of shares through a stock option exercise at $50.28 per share. After these transactions, Farrell holds 112,719.27 shares directly. Additionally, he holds indirect interests in shares through his spouse and a savings and profit-sharing plan, as detailed in the filing.
The report also noted that Farrell’s spouse holds shares independently, and he disclaims beneficial ownership of those securities. These transactions provide insight into the executive's current stake in the company, which is known for its household and personal care products.
In other recent news, Church & Dwight Co. Inc. posted a strong earnings report, surpassing both revenue and earnings per share (EPS) expectations. The company reported a 3.8% increase in sales for the third quarter, beating the anticipated 2.5% growth. The adjusted EPS stood at $0.79, exceeding the forecast of $0.67. Despite a significant asset write-down in the gummy vitamins segment, the company saw growth in international sales and specialty products.
TD Cowen upgraded Church & Dwight's stock price target from $114.00 to $117.00, maintaining a Buy rating following the company's third-quarter sales and earnings beat. The firm's analysis highlighted Church & Dwight's market share gains as a positive indicator of the company's competitive position. Meanwhile, Jefferies maintained a Hold rating on Church & Dwight with a price target of $108, expressing a conservative revenue growth forecast for 2024 while refining its EPS guidance.
Despite higher manufacturing costs and increased marketing expenses, Church & Dwight remains optimistic about its long-term growth. The company plans to invest in marketing and SG&A to build momentum for 2025. These recent developments underscore the company's strategic outlook in navigating the complexities of the current market environment.
InvestingPro Insights
Following Matthew Farrell's recent stock transactions, it's worth examining Church & Dwight's financial health and market position. According to InvestingPro data, the company boasts a market capitalization of $25.81 billion, reflecting its significant presence in the household and personal care products sector.
Church & Dwight has demonstrated consistent financial performance, with revenue growth of 4.8% over the last twelve months as of Q3 2024, reaching $6.05 billion. The company's profitability is evident in its gross profit margin of 45.65% and operating income margin of 18.56% for the same period.
Notably, Church & Dwight has a strong track record of shareholder returns. An InvestingPro Tip highlights that the company has raised its dividend for 20 consecutive years, underlining its commitment to returning value to shareholders. The current dividend yield stands at 1.09%, with a dividend growth rate of 4.13% over the last twelve months.
Another InvestingPro Tip reveals that Church & Dwight operates with a moderate level of debt, suggesting prudent financial management. This conservative approach to leverage may provide the company with financial flexibility in a competitive market environment.
For investors seeking a more comprehensive analysis, InvestingPro offers 10 additional tips that could provide deeper insights into Church & Dwight's investment potential.
Matthew Farrell, President and CEO of Church & Dwight Co. Inc. (NYSE:CHD), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Farrell sold 34,177 shares of common stock on November 7 at an average price of $104.30 per share, totaling approximately $3.56 million.
This transaction follows an earlier acquisition of the same number of shares through a stock option exercise at $50.28 per share. After these transactions, Farrell holds 112,719.27 shares directly. Additionally, he holds indirect interests in shares through his spouse and a savings and profit-sharing plan, as detailed in the filing.
The report also noted that Farrell's spouse holds shares independently, and he disclaims beneficial ownership of those securities. These transactions provide insight into the executive's current stake in the company, which is known for its household and personal care products.
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