Church & Dwight Co., Inc. (NYSE:CHD) Receives Consensus Recommendation of “Hold” from Analysts

Church & Dwight Co., Inc. (NYSE:CHD) has been assigned a consensus rating of “Hold” from the eighteen research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $110.61.

CHD has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Barclays increased their price target on Church & Dwight from $85.00 to $90.00 and gave the company an “underweight” rating in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised their target price on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, November 4th. TD Cowen raised their target price on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Piper Sandler raised their target price on Church & Dwight from $124.00 to $128.00 and gave the stock an “overweight” rating in a report on Monday, January 6th.

Insider Activity

In related news, CAO Joseph James Longo sold 7,780 shares of Church & Dwight stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $112.44, for a total transaction of $874,783.20. Following the transaction, the chief accounting officer now owns 400 shares in the company, valued at approximately $44,976. This trade represents a 95.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael Read acquired 1,100 shares of Church & Dwight stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the transaction, the executive vice president now owns 2,505 shares of the company’s stock, valued at $267,584.10. This represents a 78.29 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 593,035 shares of company stock worth $62,282,808 over the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Church & Dwight

A number of institutional investors have recently added to or reduced their stakes in CHD. Thrivent Financial for Lutherans lifted its position in Church & Dwight by 5.6% during the second quarter. Thrivent Financial for Lutherans now owns 28,628 shares of the company’s stock worth $2,969,000 after buying an additional 1,529 shares in the last quarter. Public Sector Pension Investment Board raised its position in Church & Dwight by 69.7% in the second quarter. Public Sector Pension Investment Board now owns 9,448 shares of the company’s stock valued at $980,000 after purchasing an additional 3,882 shares during the period. Bank of Montreal Can raised its position in Church & Dwight by 13.6% in the second quarter. Bank of Montreal Can now owns 258,927 shares of the company’s stock valued at $27,221,000 after purchasing an additional 31,035 shares during the period. Point72 DIFC Ltd purchased a new stake in Church & Dwight in the second quarter valued at $50,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Church & Dwight in the second quarter valued at $33,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Trading Up 0.3 %

Shares of NYSE CHD opened at $107.14 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. The stock has a market capitalization of $26.25 billion, a P/E ratio of 48.05, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58. Church & Dwight has a 1-year low of $96.09 and a 1-year high of $113.50. The business has a fifty day moving average price of $106.54 and a 200 day moving average price of $104.16.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS. Equities research analysts expect that Church & Dwight will post 3.44 EPS for the current fiscal year.

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.