Church & Dwight (NYSE:CHD) Sets New 12-Month Low on Analyst Downgrade

Church & Dwight Co., Inc. (NYSE:CHD - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday after Cowen downgraded the stock from a buy rating to a hold rating. The stock traded as low as $91.08 and last traded at $91.91, with a volume of 144021 shares. The stock had previously closed at $92.78.

Several other equities research analysts also recently weighed in on the company. Barclays decreased their target price on Church & Dwight from $94.00 to $84.00 and set an "underweight" rating for the company in a research report on Friday, May 2nd. TD Cowen cut Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 target price for the company. in a research note on Tuesday. Truist Financial boosted their price objective on Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Stifel Nicolaus lifted their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company increased their target price on Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $109.13.

Insider Buying and Selling

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the transaction, the executive vice president now directly owns 10,497 shares of the company's stock, valued at approximately $1,217,442.06. The trade was a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Read bought 3,000 shares of the stock in a transaction on Friday, May 9th. The shares were acquired at an average cost of $92.07 per share, for a total transaction of $276,210.00. Following the purchase, the executive vice president now owns 5,505 shares in the company, valued at approximately $506,845.35. This represents a 119.76 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 80,230 shares of company stock valued at $8,903,734. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Church & Dwight

A number of institutional investors have recently modified their holdings of CHD. Lake Street Advisors Group LLC grew its position in Church & Dwight by 3.7% in the fourth quarter. Lake Street Advisors Group LLC now owns 2,692 shares of the company's stock worth $282,000 after acquiring an additional 97 shares in the last quarter. Advisory Alpha LLC lifted its holdings in shares of Church & Dwight by 3.7% during the first quarter. Advisory Alpha LLC now owns 2,707 shares of the company's stock worth $298,000 after buying an additional 97 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Church & Dwight by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,005 shares of the company's stock valued at $2,199,000 after purchasing an additional 103 shares during the period. Whittier Trust Co. increased its stake in Church & Dwight by 3.2% during the fourth quarter. Whittier Trust Co. now owns 3,295 shares of the company's stock valued at $345,000 after acquiring an additional 103 shares during the period. Finally, HCR Wealth Advisors raised its stake in shares of Church & Dwight by 0.9% in the fourth quarter. HCR Wealth Advisors now owns 11,754 shares of the company's stock valued at $1,231,000 after purchasing an additional 106 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Church & Dwight Stock Performance

The firm has a market capitalization of $22.54 billion, a price-to-earnings ratio of 38.65, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55. The firm's 50-day moving average price is $104.03 and its two-hundred day moving average price is $105.50. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.02. The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.52 billion. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. The business's revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 earnings per share. Sell-side analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, May 15th. Church & Dwight's dividend payout ratio is currently 50.64%.

Church & Dwight Company Profile

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.