Church & Dwight (CHD) Trading Down 5.9% After Analyst Downgrade

Church & Dwight (NYSE:CHD) was down 5.9% during mid-day trading on Friday after Morgan Stanley lowered their price target on the stock from $48.00 to $46.00. Morgan Stanley currently has an underweight rating on the stock. Church & Dwight traded as low as $45.79 and last traded at $45.84. Approximately 4,550,252 shares were traded during trading, an increase of 115% from the average daily volume of 2,114,406 shares. The stock had previously closed at $48.72.

CHD has been the subject of several other reports. Zacks Investment Research upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Wednesday, January 3rd. Wells Fargo lifted their target price on shares of Church & Dwight from $47.00 to $52.00 and gave the company a “market perform” rating in a research report on Thursday, January 4th. Jefferies Group reiterated a “buy” rating and set a $62.00 target price on shares of Church & Dwight in a research report on Thursday, January 4th. CIBC upgraded shares of Church & Dwight from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 7th. Finally, Deutsche Bank lowered shares of Church & Dwight from a “buy” rating to a “hold” rating and lifted their target price for the company from $48.00 to $54.00 in a research report on Friday. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $51.57.

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In other news, Director James Craigie sold 396,400 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $50.30, for a total value of $19,938,920.00. Following the completion of the sale, the director now directly owns 324,517 shares in the company, valued at approximately $16,323,205.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert D. Leblanc sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $50.53, for a total transaction of $555,830.00. Following the completion of the sale, the director now owns 48,935 shares of the company’s stock, valued at $2,472,685.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 444,508 shares of company stock valued at $22,359,201. Company insiders own 2.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in Church & Dwight by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 919,905 shares of the company’s stock valued at $44,568,000 after buying an additional 7,101 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Church & Dwight during the 3rd quarter valued at $330,000. DnB Asset Management AS raised its holdings in Church & Dwight by 66.9% during the 4th quarter. DnB Asset Management AS now owns 62,396 shares of the company’s stock valued at $3,130,000 after buying an additional 25,000 shares during the last quarter. Bath Savings Trust Co raised its holdings in Church & Dwight by 3.1% during the 4th quarter. Bath Savings Trust Co now owns 201,320 shares of the company’s stock valued at $10,100,000 after buying an additional 5,985 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in Church & Dwight by 14.7% during the 4th quarter. Bank of Montreal Can now owns 224,339 shares of the company’s stock valued at $11,255,000 after buying an additional 28,694 shares during the last quarter. Hedge funds and other institutional investors own 83.56% of the company’s stock.

The company has a current ratio of 1.07, a quick ratio of 0.72 and a debt-to-equity ratio of 0.95. The firm has a market cap of $11,884.87, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 2.15 and a beta of 0.39.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. Church & Dwight had a net margin of 19.69% and a return on equity of 24.95%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the business posted $0.44 EPS. The firm’s revenue was up 15.3% compared to the same quarter last year. equities analysts expect that Church & Dwight will post 2.26 EPS for the current year.

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About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; and water flossers and replacement showerheads under the WATERPIK brand.

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