Church & Dwight (NYSE:CHD) Hits New 52-Week Low - Should You Sell?

Key Points

• Church & Dwight shares reached a new 52-week low of $90.83 during trading, indicating ongoing market concerns.
• Several analysts have varied opinions on the stock, with price targets ranging from $83.00 to $125.00, resulting in an average rating of "Hold."
• The company announced a quarterly dividend of $0.295, reflecting a yield of 1.3%, set to be paid on September 2nd.

Shares of Church & Dwight Co., Inc. (NYSE:CHD - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $90.83 and last traded at $92.18, with a volume of 356369 shares trading hands. The stock had previously closed at $91.14.

Analysts Set New Price Targets

A number of brokerages have recently commented on CHD. 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. Barclays dropped their price target on Church & Dwight from $84.00 to $83.00 and set an "underweight" rating on the stock in a research note on Monday. Wells Fargo & Company lifted their price target on Church & Dwight from $105.00 to $108.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Bank of America upgraded Church & Dwight from a "neutral" rating to a "buy" rating and lifted their price target for the company from $112.00 to $125.00 in a report on Tuesday, April 15th. Finally, UBS Group lifted their price target on Church & Dwight from $102.00 to $103.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $103.94.

Church & Dwight Trading Up 1.5%

The firm has a market capitalization of $22.53 billion, a P/E ratio of 43.67, a PEG ratio of 3.67 and a beta of 0.43. The company has a quick ratio of 1.33, a current ratio of 1.84 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $97.04 and a 200-day moving average price of $101.53.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.09. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.48 billion. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%. Church & Dwight's quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. Analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors 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%.

Insiders Place Their Bets

In related news, Director Penry W. Price sold 14,660 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $93.13, for a total value of $1,365,285.80. Following the sale, the director owned 27,043 shares of the company's stock, valued at $2,518,514.59. The trade was a 35.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the business's stock in a transaction on 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 completion of the transaction, the director directly owned 13,747 shares in the company, valued at approximately $1,360,953. This represents a 51.61% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 12,950 shares of company stock worth $1,211,297 and have sold 50,575 shares worth $4,910,586. Corporate insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Church & Dwight

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Church & Dwight by 2.4% in the first quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company's stock worth $3,461,410,000 after acquiring an additional 750,575 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Church & Dwight by 0.5% in the fourth quarter. Stifel Financial Corp now owns 4,316,414 shares of the company's stock worth $451,975,000 after acquiring an additional 20,887 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Church & Dwight by 0.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,269,079 shares of the company's stock worth $319,193,000 after acquiring an additional 29,369 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Church & Dwight by 2.6% in the first quarter. Northern Trust Corp now owns 3,097,722 shares of the company's stock worth $341,028,000 after acquiring an additional 79,170 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Church & Dwight by 11.4% in the fourth quarter. Invesco Ltd. now owns 2,921,247 shares of the company's stock worth $305,884,000 after acquiring an additional 298,848 shares in the last quarter. Institutional investors own 86.60% of the company's stock.

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.

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