TD Cowen Downgrades Church & Dwight (NYSE:CHD) to Hold

TD Cowen downgraded shares of Church & Dwight (NYSE:CHD - Free Report) from a buy rating to a hold rating in a report released on Tuesday morning, MarketBeat Ratings reports. TD Cowen currently has $100.00 price objective on the stock.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada decreased their price objective on shares of Church & Dwight from $105.00 to $100.00 and set a "sector perform" rating for the company in a research note on Friday, May 2nd. 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. Evercore ISI cut their price target on Church & Dwight from $106.00 to $102.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. JPMorgan Chase & Co. decreased their price objective on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a report on Friday, April 11th. Finally, Oppenheimer cut their target price on shares of Church & Dwight from $120.00 to $115.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $109.13.

Church & Dwight Stock Down 0.6 %

NYSE:CHD traded down $0.59 during trading hours on Tuesday, hitting $91.59. The company's stock had a trading volume of 1,892,480 shares, compared to its average volume of 1,593,869. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. Church & Dwight has a 52-week low of $91.08 and a 52-week high of $116.46. The stock has a market capitalization of $22.54 billion, a P/E ratio of 38.65, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55. The stock has a fifty day moving average of $104.03 and a 200-day moving average of $105.50.

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

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.295 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.29%. Church & Dwight's dividend payout ratio (DPR) is presently 50.64%.

Insider Activity at Church & Dwight

In other news, EVP Michael Read bought 3,000 shares of the firm's stock in a transaction on Friday, May 9th. The shares were bought at an average cost of $92.07 per share, for a total transaction of $276,210.00. Following the completion of the transaction, the executive vice president now owns 5,505 shares in the company, valued at $506,845.35. This trade represents a 119.76 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the completion of the transaction, the executive vice president now owns 10,497 shares of the company's stock, valued at approximately $1,217,442.06. This represents a 83.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 80,230 shares of company stock worth $8,903,734 over the last 90 days. Company insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CHD. Vanguard Group Inc. increased its position in Church & Dwight by 2.4% during the first quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company's stock worth $3,461,410,000 after buying an additional 750,575 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Church & Dwight by 19.4% during the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock worth $768,157,000 after purchasing an additional 1,190,154 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Church & Dwight by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company's stock worth $617,794,000 after purchasing an additional 148,234 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Church & Dwight by 0.5% during the fourth quarter. Stifel Financial Corp now owns 4,316,414 shares of the company's stock worth $451,975,000 after buying an additional 20,887 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Church & Dwight in the fourth quarter valued at approximately $318,532,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

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.