Investors following Church & Dwight Co Inc (NYSE:CHD) might be interested in the latest transactions involving Penry W. Price, a director of the company. On May 6, 2024, Price engaged in both buying and selling activities of the company's common stock, resulting in a noteworthy change in his holdings.
On the buying side, Price acquired 7,752 shares of Church & Dwight's common stock at a price of $34.81 per share, totaling approximately $269,847. However, on the same day, he sold the same number of shares at a significantly higher price of $105.4706 each, amounting to a total sale value of over $817,608.
The transactions have adjusted Price's direct ownership in the company, with the post-transaction holdings recorded at 25,692 shares following the sales. It's also noted that Price still holds additional shares, with 820 and 750 shares recorded in two separate non-derivative holdings.
These transactions are part of the routine disclosures that directors and executives of public companies are required to make. For investors, these activities can sometimes provide insights into the perspectives of company insiders on the stock's value and outlook.
Church & Dwight, known for its household products including detergents and cleaning supplies, trades under the ticker CHD and is a component of the S&P 500 index. The company has a diverse portfolio of products and a history of stability in the consumer goods sector.
As with all insider transactions, these are reported in compliance with SEC regulations and are publicly available for investor scrutiny. While the reasons behind Price's decision to sell at this point are not disclosed, such movements are watched by investors as potential indicators of the company's financial health and future performance.
InvestingPro Insights
In light of the recent insider transactions at Church & Dwight Co Inc (NYSE:CHD), investors may find additional context through key metrics and insights from InvestingPro. The company currently boasts a market capitalization of $26.15 billion, reflecting its significant presence in the consumer goods sector. With a P/E ratio of 33.56, as of the last twelve months ending Q1 2024, Church & Dwight trades at a valuation that is robust when considering near-term earnings growth.
InvestingPro Tips for Church & Dwight highlight the company’s strong financial health and investor-friendly actions. Notably, the company has a perfect Piotroski Score of 9, indicating high financial stability. Additionally, Church & Dwight has demonstrated a commitment to shareholder returns, having raised its dividend for 19 consecutive years. These factors may be of particular interest to investors seeking stable investments with a history of consistent dividend growth.
Furthermore, the company's revenue has grown by 7.86% in the last twelve months as of Q1 2024, underscoring its ability to expand in a competitive market. This is complemented by a solid gross profit margin of 44.66%, which suggests efficient operations and cost control. For investors looking for a deeper analysis and more tips, InvestingPro offers a comprehensive list of insights, including 15 additional InvestingPro Tips for Church & Dwight, which can be found at: https://www.investing.com/pro/CHD.
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