Church & Dwight Co., Inc. (CHD) Receives Average Recommendation of “Hold” from Brokerages

Shares of Church & Dwight Co., Inc. (NYSE:CHD) have earned an average recommendation of “Hold” from the eighteen ratings firms that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $50.29.

Several analysts have issued reports on CHD shares. Jefferies Group lowered their target price on shares of Church & Dwight from $63.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Wednesday, January 3rd. Deutsche Bank started coverage on shares of Church & Dwight in a research note on Wednesday, December 13th. They issued a “buy” rating and a $54.00 target price on the stock. Societe Generale upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Wednesday, November 29th. They noted that the move was a valuation call. Finally, Oppenheimer reiterated a “hold” rating on shares of Church & Dwight in a research note on Wednesday, November 8th.

In other news, CFO Richard A. Dierker purchased 1,146 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were acquired at an average price of $43.66 per share, with a total value of $50,034.36. Following the acquisition, the chief financial officer now directly owns 6,411 shares in the company, valued at $279,904.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Matthew Farrell purchased 5,000 shares of the business’s stock in a transaction on Monday, November 6th. The stock was purchased at an average cost of $43.83 per share, for a total transaction of $219,150.00. Following the acquisition, the chief executive officer now owns 103,685 shares in the company, valued at $4,544,513.55. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. YorkBridge Wealth Partners LLC lifted its position in shares of Church & Dwight by 5.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,032 shares of the company’s stock worth $106,000 after purchasing an additional 108 shares during the period. Sandy Spring Bank lifted its position in shares of Church & Dwight by 138.4% in the 3rd quarter. Sandy Spring Bank now owns 2,756 shares of the company’s stock worth $133,000 after purchasing an additional 1,600 shares during the period. Tredje AP fonden purchased a new stake in shares of Church & Dwight in the 2nd quarter worth about $140,000. Acrospire Investment Management LLC lifted its position in shares of Church & Dwight by 274.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,137 shares of the company’s stock worth $163,000 after purchasing an additional 2,300 shares during the period. Finally, Courier Capital LLC purchased a new stake in shares of Church & Dwight in the 2nd quarter worth about $213,000. 79.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of Church & Dwight (NYSE:CHD) traded up $0.33 during mid-day trading on Monday, hitting $50.40. 661,614 shares of the company were exchanged, compared to its average volume of 2,391,700. The stock has a market cap of $12,630.00, a PE ratio of 28.97, a P/E/G ratio of 2.70 and a beta of 0.56. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.08. Church & Dwight has a 12 month low of $43.21 and a 12 month high of $54.18.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The company had revenue of $967.90 million for the quarter, compared to analysts’ expectations of $937.20 million. Church & Dwight had a net margin of 12.32% and a return on equity of 24.82%. Church & Dwight’s revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 EPS. sell-side analysts anticipate that Church & Dwight will post 1.92 EPS for the current fiscal year.

Church & Dwight declared that its board has approved a stock buyback plan on Thursday, November 2nd that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

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About Church & Dwight

Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.

Analyst Recommendations for Church & Dwight (NYSE:CHD)

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