Church & Dwight Co., Inc. (NYSE:CHD) shares reached a new 52-week high on Thursday . The company traded as high as $79.22 and last traded at $79.06, with a volume of 539992 shares traded. The stock had previously closed at $77.67.
A number of equities research analysts have weighed in on the stock. Wells Fargo & Co reissued a “hold” rating and set a $70.00 target price on shares of Church & Dwight in a report on Thursday, May 2nd. Zacks Investment Research lowered shares of Church & Dwight from a “buy” rating to a “hold” rating and set a $77.00 target price on the stock. in a report on Thursday, May 30th. BMO Capital Markets boosted their target price on shares of Church & Dwight to $75.00 and gave the stock a “market perform” rating in a report on Friday, May 3rd. Citigroup lowered shares of Church & Dwight from a “neutral” rating to a “sell” rating and set a $73.80 target price on the stock. in a report on Thursday, May 2nd. Finally, Atlantic Securities lowered shares of Church & Dwight from an “overweight” rating to a “neutral” rating in a report on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $71.16.
The stock’s 50 day moving average price is $75.26 and its 200 day moving average price is $72.07. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.44 and a current ratio of 0.78. The company has a market capitalization of $19.02 billion, a P/E ratio of 34.80, a price-to-earnings-growth ratio of 3.56 and a beta of 0.18.
Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05. Church & Dwight had a net margin of 14.24% and a return on equity of 24.57%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm posted $0.49 EPS. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts expect that Church & Dwight Co., Inc. will post 2.48 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be paid a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Wednesday, August 14th. Church & Dwight’s dividend payout ratio is currently 40.09%.
In related news, Director Robert K. Shearer sold 17,544 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $77.00, for a total transaction of $1,350,888.00. Following the transaction, the director now owns 46,652 shares in the company, valued at approximately $3,592,204. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert D. Leblanc sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $78.34, for a total transaction of $783,400.00. Following the transaction, the director now owns 49,702 shares in the company, valued at approximately $3,893,654.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,084 shares of company stock worth $4,248,398. Insiders own 2.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new position in shares of Church & Dwight during the 2nd quarter valued at $26,000. Advocacy Wealth Management Services LLC acquired a new position in shares of Church & Dwight during the 2nd quarter valued at $29,000. Stonebridge Capital Advisors LLC acquired a new position in shares of Church & Dwight during the 2nd quarter valued at $29,000. Baystate Wealth Management LLC lifted its position in shares of Church & Dwight by 332.3% during the 1st quarter. Baystate Wealth Management LLC now owns 536 shares of the company’s stock valued at $39,000 after acquiring an additional 412 shares during the period. Finally, Private Ocean LLC acquired a new position in shares of Church & Dwight during the 1st quarter valued at $41,000. Institutional investors own 81.68% of the company’s stock.
Church & Dwight Company Profile (NYSE:CHD)
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and 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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