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

Shares of Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) hit a new 52-week low during trading on Thursday after Truist Financial downgraded the stock from a buy rating to a hold rating. The stock traded as low as $79.42 and last traded at $80.36, with a volume of 10553 shares trading hands. The stock had previously closed at $81.54.

Several other equities analysts have also recently issued reports on CHD. Wells Fargo & Company lowered their target price on shares of Church & Dwight from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Church & Dwight from $84.00 to $86.00 in a research note on Thursday, July 21st. UBS Group lowered their price objective on shares of Church & Dwight from $104.00 to $98.00 and set a “neutral” rating on the stock in a research note on Monday, August 1st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Church & Dwight from $93.00 to $90.00 in a research note on Wednesday. Finally, Barclays lowered their price objective on shares of Church & Dwight from $76.00 to $73.00 and set an “underweight” rating on the stock in a research note on Wednesday. Four analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a bu y rating to the stock. According to MarketBeat, Church & Dwight presently has an average rating of “Hold” and a consensus price target of $93.07.

Institutional Investors Weigh In On Church & Dwight

Institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its holdings in Church & Dwight by 2.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 352,592 shares of the company’s stock valued at $35,041,000 after buying an additional 8,881 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Church & Dwight by 0.3% in the fourth quarter. Mackenzie Financial Corp now owns 180,401 shares of the company’s stock valued at $18,491,000 after purchasing an additional 453 shares in the last quarter. Addenda Capital Inc. grew its holdings in shares of Church & Dwight by 9.2% in the first quarter. Addenda Capital Inc. now owns 69,942 shares of the company’s stock valued at $6,951,000 after purchasing an additional 5,868 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Church & Dwight by 122.8% in the first quarter. Teacher Retirement System o f Texas now owns 106,720 shares of the company’s stock valued at $10,606,000 after purchasing an additional 58,817 shares in the last quarter. Finally, Natixis Advisors LP grew its holdings in shares of Church & Dwight by 9.0% in the first quarter. Natixis Advisors LP now owns 207,549 shares of the company’s stock valued at $20,626,000 after purchasing an additional 17,075 shares in the last quarter. 82.59% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Stock Performance

The business’s fifty day moving average is $89.87 and its two-hundred day moving average is $93.50. The company has a quick ratio of 0.63, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $19.59 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 3.32 and a beta of 0.35.

Church & Dwight (NYSE:CHD – Get Rating) last posted its earnings results on Friday, July 29th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. Church & Dwight had a net margin of 14.71% and a return on equity of 21.89%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the firm posted $0.76 earnings per share. Church & Dwight’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, research analysts anticipate that Church & Dwight Co., Inc. will post 3.02 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were given a $0.2625 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $1.05 dividend on an annualized basis and a yield of 1.30%. Church & Dwight’s dividend payout ratio is presently 33.33%.

Church & Dwight Company Profile

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Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L’IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS produc ts; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.

Further Reading

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