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

Shares of Church & Dwight Co., Inc. (NYSE:CHD) have been given an average recommendation of “Hold” by the seventeen research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $94.31.

CHD has been the topic of several recent analyst reports. Royal Bank of Canada lifted their price objective on shares of Church & Dwight from $65.00 to $90.00 and gave the company a “sector perform” rating in a research report on Monday, August 3rd. They noted that the move was a valuation call. Deutsche Bank lifted their price target on shares of Church & Dwight from $78.00 to $89.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Morgan Stanley boosted their price target on shares of Church & Dwight from $81.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Jefferies Financial Group boosted their price target on shares of Church & Dwight from $86.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Finally, Truist Financial boosted their price target on shares of Church & Dwight from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd.

NYSE:CHD traded down $0.37 on Wednesday, reaching $91.96. 1,028,097 shares of the company’s stock traded hands, compared to its average volume of 1,692,500. The stock has a 50-day simple moving average of $94.46 and a 200-day simple moving average of $78.65. Church & Dwight has a 12 month low of $47.98 and a 12 month high of $98.96. The firm has a market cap of $22.74 billion, a PE ratio of 32.04, a P/E/G ratio of 3.72 and a beta of 0.39. The company has a quick ratio of 0.82, a current ratio of 1.28 and a debt-to-equity ratio of 0.60.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, July 31st. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.14. Church & Dwight had a return on equity of 25.58% and a net margin of 15.70%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the business posted $0.57 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. On average, equities analysts anticipate that Church & Dwight will post 2.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.96 annualized dividend and a yield of 1.04%. Church & Dwight’s payout ratio is presently 38.87%.

In related news, CAO Steven J. Katz sold 11,400 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $93.84, for a total transaction of $1,069,776.00. Following the sale, the chief accounting officer now owns 12,658 shares in the company, valued at approximately $1,187,826.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven P. Cugine sold 20,800 shares of the stock in a transaction on Friday, July 10th. The shares were sold at an average price of $82.89, for a total value of $1,724,112.00. Following the sale, the executive vice president now owns 45,262 shares in the company, valued at approximately $3,751,767.18. The disclosure for this sale can be found here. Insiders have sold a total of 185,458 shares of company stock worth $17,013,699 in the last 90 days. 2.00% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Torray LLC raised its holdings in shares of Church & Dwight by 0.8% in the second quarter. Torray LLC now owns 12,995 shares of the company’s stock valued at $1,005,000 after acquiring an additional 105 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Church & Dwight by 12.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,011 shares of the company’s stock worth $78,000 after purchasing an additional 109 shares during the period. Advisory Services Network LLC boosted its stake in shares of Church & Dwight by 1.0% during the second quarter. Advisory Services Network LLC now owns 11,476 shares of the company’s stock valued at $886,000 after purchasing an additional 119 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Church & Dwight by 0.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 20,887 shares of the company’s stock valued at $1,615,000 after purchasing an additional 136 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in Church & Dwight by 11.0% during the first quarter. Rockefeller Capital Management L.P. now owns 1,550 shares of the company’s stock valued at $99,000 after buying an additional 154 shares during the period. Institutional investors and hedge funds own 81.32% of the company’s stock.

Church & Dwight Company Profile

Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. 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.

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Analyst Recommendations for Church & Dwight (NYSE:CHD)

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