Church & Dwight (NYSE:CHD) Hits New 12-Month Low - Here's Why

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.

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

Wall Street Analyst Weigh In

Several analysts have weighed in on CHD shares. UBS Group upped their target price on Church & Dwight from $102.00 to $103.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Barclays lowered their target price on Church & Dwight from $84.00 to $83.00 and set an "underweight" rating on the stock in a report on Monday, August 4th. Truist Financial set a $110.00 target price on Church & Dwight and gave the company a "buy" rating in a report on Friday, June 6th. Redburn Atlantic lowered Church & Dwight from a "hold" rating to a "strong sell" rating in a research note on Monday, July 14th. Finally, Oppenheimer decreased their price objective on Church & Dwight from $120.00 to $115.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $103.94.

Church & Dwight Trading Down 1.9%

The stock has a market cap of $22.14 billion, a price-to-earnings ratio of 42.87, a price-to-earnings-growth ratio of 3.75 and a beta of 0.43. The business has a 50 day simple moving average of $96.67 and a two-hundred day simple moving average of $101.19. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50.

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 company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%. The business's revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS. As a group, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, August 15th. Church & Dwight's dividend payout ratio is presently 55.66%.

Insider Buying and Selling

In related news, EVP Carlen Hooker sold 11,875 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $98.75, for a total transaction of $1,172,656.25. Following the completion of the transaction, the executive vice president directly owned 262 shares in the company, valued at $25,872.50. This represents a 97.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard A. Dierker acquired 7,950 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average price of $94.66 per share, with a total value of $752,547.00. Following the completion of the purchase, the chief executive officer owned 16,358 shares in the company, valued at $1,548,448.28. The trade was a 94.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 35,915 shares of company stock valued at $3,545,300 in the last 90 days. Corporate insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. IAG Wealth Partners LLC grew its stake in shares of Church & Dwight by 92.9% in the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock worth $30,000 after purchasing an additional 130 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Church & Dwight in the first quarter valued at $40,000. Bernard Wealth Management Corp. acquired a new stake in shares of Church & Dwight in the fourth quarter valued at $42,000. Versant Capital Management Inc lifted its holdings in shares of Church & Dwight by 42.1% during the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $42,000 after purchasing an additional 112 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Church & Dwight during the second quarter valued at $45,000. 86.60% of the stock is currently owned by 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.