Church & Dwight (NYSE:CHD) Shares Gap Down to $101.59

Church & Dwight Co., Inc. (NYSE:CHD) gapped down before the market opened on Tuesday . The stock had previously closed at $101.59, but opened at $98.36. Church & Dwight shares last traded at $98.99, with a volume of 144,503 shares.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Argus lifted their price target on Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. JPMorgan Chase & Co. lifted their price target on Church & Dwight from $97.00 to $101.00 and gave the stock an “underweight” rating in a report on Monday, July 22nd. Barclays reduced their price target on Church & Dwight from $82.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, July 19th. TD Cowen assumed coverage on Church & Dwight in a research report on Tuesday, July 23rd. They set a “buy” rating and a $116.00 price objective for the company. Finally, Evercore ISI raised their price objective on Church & Dwight from $107.00 to $110.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $107.28.

Church & Dwight Stock Performance

The firm has a market capitalization of $24.22 billion, a price-to-earnings ratio of 31.39, a P/E/G ratio of 3.30 and a beta of 0.52. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average price of $105.31 and a 200 day moving average price of $103.42.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts forecast that Church & Dwight Co., Inc. will post 3.46 EPS for the current year.

Church & Dwight Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were paid a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Tuesday, May 14th. Church & Dwight’s payout ratio is 35.87%.

Insider Buying and Selling

In related news, CFO Richard A. Dierker sold 86,740 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the completion of the sale, the chief financial officer now owns 7,634 shares in the company, valued at $813,479.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Robert K. Shearer sold 13,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $106.36, for a total transaction of $1,403,952.00. Following the completion of the sale, the director now owns 29,108 shares in the company, valued at $3,095,926.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Richard A. Dierker sold 86,740 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $106.56, for a total value of $9,243,014.40. Following the sale, the chief financial officer now owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The disclosure for this sale can be found here. Insiders sold a total of 182,346 shares of company stock worth $19,465,948 over the last 90 days. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Church & Dwight

Several institutional investors have recently added to or reduced their stakes in CHD. Norges Bank purchased a new stake in Church & Dwight in the fourth quarter valued at approximately $259,967,000. Capital International Investors lifted its stake in Church & Dwight by 39.2% in the fourth quarter. Capital International Investors now owns 9,004,713 shares of the company’s stock valued at $851,414,000 after buying an additional 2,533,877 shares during the last quarter. Capital Research Global Investors purchased a new stake in Church & Dwight in the first quarter valued at approximately $69,384,000. Vanguard Group Inc. lifted its stake in Church & Dwight by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock valued at $2,861,865,000 after buying an additional 354,946 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Church & Dwight by 26.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,334,950 shares of the company’s stock valued at $126,233,000 after buying an additional 277,017 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics 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; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.