In a recent transaction, Michael Read, Executive Vice President of International at Church & Dwight Co. Inc. (NYSE:CHD), acquired a total of $202,963 worth of the company's common stock. The purchases were made on December 16, 2024, with the price per share ranging from $106.8 to $106.8401.
The transactions included the acquisition of 800 shares through a spouse's registered pension plan and additional purchases of 600 and 500 shares directly. Following these transactions, Read's direct and indirect holdings in the company increased to 2,505 and 1,400 shares, respectively. The stock has gained over 13% year-to-date, while maintaining a 20-year streak of dividend increases. InvestingPro analysis suggests the stock is currently trading above its Fair Value, with 11 additional key insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, Church & Dwight Co. Inc. reported a 3.8% increase in Q3 sales, surpassing the expected 2.5% growth. The company's adjusted earnings per share (EPS) for the quarter were $0.79, exceeding the forecast of $0.67. TD Cowen and Jefferies have updated their analysis of Church & Dwight, with TD Cowen increasing the company's stock price target from $114.00 to $117.00, while maintaining a Buy rating. Jefferies, on the other hand, maintained a Hold rating with a price target of $108.00.
Piper Sandler's recent analysis of the personal care sector noted mixed spending trends, with Church & Dwight seeing a 1.9% year-over-year increase in sales for its top six brands during a four-week period. Meanwhile, Church & Dwight's plans to increase marketing expenditures and its strategic initiatives aim to solidify its market presence.
These are among the recent developments for Church & Dwight, a company that continues to navigate the complexities of the current market environment while maintaining its guidance for the year.
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