Church & Dwight Co., Inc. (CHD) Given Average Recommendation of “Hold” by Brokerages

Shares of Church & Dwight Co., Inc. (NYSE:CHD) have been assigned an average rating of “Hold” from the eighteen brokerages that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $50.29.

A number of equities research analysts have recently weighed in on the stock. KeyCorp reiterated a “hold” rating on shares of Church & Dwight in a research report on Monday, October 16th. Zacks Investment Research cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a research note on Monday. Deutsche Bank began coverage on shares of Church & Dwight in a research note on Wednesday, December 13th. They issued a “buy” rating and a $54.00 price objective on the stock. Jefferies Group reissued a “buy” rating and issued a $62.00 price objective on shares of Church & Dwight in a research note on Thursday. Finally, Barclays decreased their price objective on shares of Church & Dwight from $49.00 to $43.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 7th.

In other Church & Dwight news, CFO Richard A. Dierker acquired 1,146 shares of Church & Dwight stock in a transaction that occurred on Tuesday, November 7th. The shares were bought at an average price of $43.66 per share, with a total value of $50,034.36. Following the completion of the purchase, the chief financial officer now directly owns 6,411 shares in the company, valued at approximately $279,904.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Farrell acquired 5,000 shares of Church & Dwight stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average cost of $43.83 per share, for a total transaction of $219,150.00. Following the purchase, the chief executive officer now owns 103,685 shares of the company’s stock, valued at $4,544,513.55. The disclosure for this purchase can be found here. Insiders own 2.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. YorkBridge Wealth Partners LLC lifted its holdings in Church & Dwight by 5.6% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,032 shares of the company’s stock valued at $106,000 after buying an additional 108 shares during the period. Tredje AP fonden acquired a new position in Church & Dwight in the second quarter valued at $140,000. Sandy Spring Bank raised its holdings in shares of Church & Dwight by 138.4% during the third quarter. Sandy Spring Bank now owns 2,756 shares of the company’s stock valued at $133,000 after purchasing an additional 1,600 shares during the period. Acrospire Investment Management LLC raised its holdings in shares of Church & Dwight by 274.8% during the second quarter. Acrospire Investment Management LLC now owns 3,137 shares of the company’s stock valued at $163,000 after purchasing an additional 2,300 shares during the period. Finally, Courier Capital LLC acquired a new position in shares of Church & Dwight during the second quarter valued at about $213,000. Institutional investors and hedge funds own 79.87% of the company’s stock.

Church & Dwight (CHD) traded up $0.33 during midday trading on Monday, hitting $50.40. 661,614 shares of the stock were exchanged, compared to its average volume of 2,391,700. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. Church & Dwight has a 52 week low of $43.21 and a 52 week high of $54.18. The firm has a market capitalization of $12,630.00, a P/E ratio of 28.97, a price-to-earnings-growth ratio of 2.70 and a beta of 0.56.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Church & Dwight had a net margin of 12.32% and a return on equity of 24.82%. The company had revenue of $967.90 million during the quarter, compared to the consensus estimate of $937.20 million. During the same period in the previous year, the business earned $0.47 earnings per share. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. research analysts predict that Church & Dwight will post 1.92 earnings per share for the current year.

Church & Dwight announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 2nd that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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About Church & Dwight

Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.

Analyst Recommendations for Church & Dwight (NYSE:CHD)

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