Evercore ISI Has Lowered Expectations for Church & Dwight (NYSE:CHD) Stock Price

Key Points

• Evercore ISI decreased its price target for Church & Dwight (NYSE:CHD) from $102.00 to $101.00, reflecting an "in-line" rating with a potential upside of 9.17% from its previous close.
• Multiple analysts have varied ratings and price targets for Church & Dwight, with the average target currently at $104.25 and sentiments ranging from "sell" to "buy."
• Church & Dwight reported $0.94 earnings per share for the last quarter, surpassing estimates, but year-over-year revenue saw a slight decline of 0.3%.

Church & Dwight (NYSE:CHD - Free Report) had its price objective cut by Evercore ISI from $102.00 to $101.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an in-line rating on the stock.

Several other equities analysts have also recently commented on CHD. Wall Street Zen raised shares of Church & Dwight from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Morgan Stanley dropped their price objective on Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. UBS Group upped their target price on Church & Dwight from $102.00 to $103.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Truist Financial set a $110.00 price target on Church & Dwight and gave the company a "buy" rating in a report on Friday, June 6th. Finally, TD Cowen downgraded Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 price target for the company. in a research report on Tuesday, May 6th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $103.94.

Church & Dwight Stock Performance

Shares of NYSE CHD traded down $1.33 during mid-day trading on Monday, hitting $91.30. The company had a trading volume of 139,751 shares, compared to its average volume of 2,056,448. The company has a market capitalization of $22.24 billion, a price-to-earnings ratio of 43.08, a P/E/G ratio of 3.82 and a beta of 0.43. Church & Dwight has a 1 year low of $90.82 and a 1 year high of $116.46. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The stock's 50-day moving average price is $96.82 and its 200-day moving average price is $101.37.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.85 by $0.09. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%. The firm's revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 EPS. On average, sell-side analysts forecast that Church & Dwight will post 3.7 earnings per share for the current year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a $0.295 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.18 annualized dividend and a yield of 1.3%. Church & Dwight's payout ratio is currently 55.66%.

Insider Buying and Selling at Church & Dwight

In other news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of Church & Dwight stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $99.00, for a total value of $1,451,340.00. Following the transaction, the director owned 13,747 shares in the company, valued at approximately $1,360,953. The trade was a 51.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Carlen Hooker sold 6,380 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $98.30, for a total value of $627,154.00. Following the sale, the executive vice president owned 262 shares of the company's stock, valued at $25,754.60. This represents a 96.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,915 shares of company stock valued at $3,545,300. Corporate insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Church & Dwight by 89.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,164 shares of the company's stock valued at $5,567,000 after acquiring an additional 25,080 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Church & Dwight by 451.2% in the first quarter. Allianz Asset Management GmbH now owns 81,065 shares of the company's stock worth $8,924,000 after purchasing an additional 66,357 shares during the last quarter. Penserra Capital Management LLC increased its holdings in Church & Dwight by 1,201.4% during the 1st quarter. Penserra Capital Management LLC now owns 8,342 shares of the company's stock valued at $918,000 after purchasing an additional 7,701 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Church & Dwight by 9.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,916 shares of the company's stock valued at $4,137,000 after purchasing an additional 3,254 shares during the last quarter. Finally, GAM Holding AG bought a new position in Church & Dwight during the 1st quarter valued at approximately $1,249,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.