Deutsche Bank downgraded shares of Church & Dwight (NYSE:CHD) from a hold rating to a sell rating in a research report released on Wednesday, MarketBeat Ratings reports. They currently have $51.00 target price on the stock.
Other analysts have also issued reports about the stock. ValuEngine upgraded shares of Church & Dwight from a hold rating to a buy rating in a report on Wednesday, September 12th. Royal Bank of Canada boosted their price objective on shares of Church & Dwight to $60.00 and gave the company a fair value rating in a report on Friday, August 3rd. Stifel Nicolaus boosted their price objective on shares of Church & Dwight from $48.00 to $52.00 and gave the company a hold rating in a report on Friday, August 3rd. BMO Capital Markets boosted their price objective on shares of Church & Dwight from $47.00 to $55.00 and gave the company a hold rating in a report on Friday, August 3rd. They noted that the move was a valuation call. Finally, Societe Generale lowered shares of Church & Dwight from a buy rating to a hold rating and set a $54.00 price objective on the stock. in a report on Tuesday, August 7th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. Church & Dwight presently has a consensus rating of Hold and an average price target of $55.47.
Shares of CHD opened at $56.07 on Wednesday. The stock has a market capitalization of $14.57 billion, a P/E ratio of 28.90, a P/E/G ratio of 2.60 and a beta of 0.38. Church & Dwight has a 12-month low of $43.21 and a 12-month high of $60.42. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.46 and a current ratio of 0.79.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. Church & Dwight had a net margin of 20.29% and a return on equity of 25.21%. Church & Dwight’s revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. Analysts expect that Church & Dwight will post 2.28 earnings per share for the current year.
In other Church & Dwight news, Director Robert K. Shearer sold 16,718 shares of Church & Dwight stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $57.82, for a total value of $966,634.76. Following the completion of the transaction, the director now directly owns 45,826 shares of the company’s stock, valued at approximately $2,649,659.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Steven J. Katz sold 19,760 shares of Church & Dwight stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $57.12, for a total value of $1,128,691.20. Following the completion of the transaction, the chief accounting officer now directly owns 21,018 shares of the company’s stock, valued at $1,200,548.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 473,800 shares of company stock valued at $27,051,358. 2.00% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC grew its position in Church & Dwight by 24.0% in the 2nd quarter. Global Retirement Partners LLC now owns 9,124 shares of the company’s stock valued at $485,000 after acquiring an additional 1,765 shares in the last quarter. Glenmede Trust Co. NA grew its position in shares of Church & Dwight by 37.1% during the second quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock worth $94,731,000 after buying an additional 482,109 shares in the last quarter. Suntrust Banks Inc. grew its position in shares of Church & Dwight by 15.0% during the first quarter. Suntrust Banks Inc. now owns 17,404 shares of the company’s stock worth $875,000 after buying an additional 2,267 shares in the last quarter. Gabelli Funds LLC grew its position in shares of Church & Dwight by 1.7% during the second quarter. Gabelli Funds LLC now owns 256,400 shares of the company’s stock worth $13,630,000 after buying an additional 4,200 shares in the last quarter. Finally, BP PLC acquired a new position in shares of Church & Dwight during the second quarter worth about $1,701,000. 85.09% of the stock is owned by institutional investors.
Church & Dwight Company Profile
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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