Patrick de Maynadier, Government Vice President, Normal Counsel & Secretary of Church & Dwight Co. Inc. (NYSE:CHD), just lately bought shares value roughly $5.06 million. In accordance with an SEC submitting, de Maynadier bought 45,120 shares of frequent inventory on November 21 at a weighted common worth of $112.19 per share. The sale was performed following the train of inventory choices at a worth of $77.33 per share, leading to a transaction complete of roughly $3.49 million. Following these transactions, de Maynadier holds 10,325.184 shares immediately.
In different current information, Church & Dwight Co. Inc. reported a big 3.8% enhance in gross sales for the third quarter of 2024, exceeding the anticipated 2.5% progress. This surge in gross sales was accompanied by an increase within the firm’s adjusted earnings per share (EPS) for the quarter, reaching $0.79, surpassing the projected $0.67. TD Cowen subsequently elevated Church & Dwight’s inventory worth goal from $114.00 to $117.00, sustaining a Purchase score.
Concurrently, Jefferies held regular on its evaluation of Church & Dwight, sustaining a Maintain score with a worth goal of $108.00. Regardless of greater manufacturing prices and elevated advertising and marketing bills, Church & Dwight stays optimistic about its long-term progress, with plans to spend money on advertising and marketing and SG&A to construct momentum for 2025.
These current developments underscore Church & Dwight’s strategic outlook in navigating the complexities of the present market atmosphere. The corporate’s determination to uphold its annual steerage regardless of surpassing third-quarter expectations signifies a cautious strategy to the market’s uncertainties. The corporate’s strategic enhance in advertising and marketing spend is aimed toward reinforcing its model energy amid these challenges.
The up to date worth goal displays the analyst’s confidence in Church & Dwight’s continued market efficiency, supported by the corporate’s current monetary achievements and strategic initiatives. The inventory’s Purchase score stays unchanged, signaling a optimistic outlook on the corporate’s worth to buyers. Regardless of a $357 million asset write-down within the gummy nutritional vitamins phase, Church & Dwight skilled progress in worldwide gross sales and specialty merchandise.
InvestingPro Insights
Including context to Patrick de Maynadier’s current inventory sale, Church & Dwight Co. Inc. (NYSE:CHD) has demonstrated robust monetary efficiency and market positioning. In accordance with InvestingPro information, the corporate boasts a market capitalization of $27.74 billion and has proven income progress of 4.8% during the last twelve months as of Q3 2024, reaching $6.05 billion.
InvestingPro Ideas spotlight that Church & Dwight has maintained dividend funds for a formidable 50 consecutive years, with a present dividend yield of 1.01%. This constant dividend historical past underscores the corporate’s monetary stability and dedication to shareholder returns, which can be reassuring to buyers in gentle of the insider sale.
Furthermore, the inventory is buying and selling close to its 52-week excessive, with a price-to-earnings ratio of 49.83. This valuation metric, mixed with the InvestingPro Tip indicating that CHD is buying and selling at a excessive earnings a number of, means that buyers are inserting a premium on the corporate’s future progress prospects.
It is value noting that InvestingPro presents 14 further ideas for Church & Dwight, offering a extra complete evaluation for buyers in search of deeper insights into the corporate’s monetary well being and market place.
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