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EWING, N.J. — Carlen Hooker, Executive Vice President and Chief Commercial Officer of Church & Dwight Co. Inc. (NYSE:CHD), recently executed significant stock transactions, according to a recent filing with the Securities and Exchange Commission. On May 30, Hooker sold a total of 11,875 shares of Church & Dwight common stock at a weighted average price of $98.75 per share, amounting to approximately $1.17 million.
In addition to these sales, Hooker exercised stock options to acquire 11,875 shares at prices ranging from $73.87 to $84.54, totaling roughly $938,712. Following these transactions, Hooker holds 262 shares directly.
These transactions were conducted in Ewing, New Jersey, where Church & Dwight is headquartered. The company is known for its household products, including brands like Arm & Hammer and Trojan.
In other recent news, Church & Dwight Co. Inc. has reported several significant developments that are capturing the attention of investors. The company has entered into a definitive agreement to acquire the hand sanitizer brand Touchland for $700 million, with a potential additional payment of up to $180 million based on 2025 sales targets. This acquisition is expected to close in the second quarter and is anticipated to be neutral to the company’s 2025 earnings per share due to transition and acquisition-related expenses. Analysts have weighed in on the acquisition, with RBC Capital Markets upgrading Church & Dwight’s stock rating to Outperform, citing confidence in the company’s guidance and the strategic benefits of the Touchland acquisition. Jefferies also adjusted its price target for the company to $106, maintaining a Hold rating, while Goldman Sachs reiterated its Buy rating with a $108 price target, expressing a positive outlook on the acquisition’s growth opportunities. TD Cowen maintained its Hold rating with a $100 target, noting the acquisition aligns with Church & Dwight’s core competence in smaller mergers and acquisitions. These recent developments indicate a strategic focus on expanding Church & Dwight’s product portfolio, particularly in the hand sanitizer market, which has seen increased demand. The company plans to leverage its capabilities to accelerate Touchland’s growth in select international markets, further enhancing its market position.
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