Church & Dwight Co., Inc. (NYSE:CHD) – Stock analysts at Jefferies Financial Group lifted their FY2020 earnings per share (EPS) estimates for Church & Dwight in a report issued on Monday, October 29th. Jefferies Financial Group analyst K. Grundy now forecasts that the company will post earnings of $2.75 per share for the year, up from their prior estimate of $2.73. Jefferies Financial Group currently has a “Buy” rating and a $68.00 target price on the stock.
Several other equities analysts have also commented on the company. Deutsche Bank lowered Church & Dwight from a “hold” rating to a “sell” rating and set a $51.00 price objective for the company. in a research report on Wednesday, October 10th. Bank of America raised their price objective on Church & Dwight from $55.00 to $58.00 and gave the company an “underperform” rating in a research report on Thursday, October 4th. Zacks Investment Research lowered Church & Dwight from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Oppenheimer raised their price objective on Church & Dwight from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Thursday, September 27th. Finally, Atlantic Securities assumed coverage on Church & Dwight in a research report on Thursday, September 20th. They set an “overweight” rating and a $70.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $56.33.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. Church & Dwight had a return on equity of 25.21% and a net margin of 20.29%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 earnings per share.
Several large investors have recently modified their holdings of the company. Harvest Fund Management Co. Ltd bought a new position in shares of Church & Dwight during the third quarter valued at $107,000. Regentatlantic Capital LLC bought a new position in shares of Church & Dwight during the third quarter valued at $216,000. Acadian Asset Management LLC increased its holdings in shares of Church & Dwight by 60.3% during the third quarter. Acadian Asset Management LLC now owns 94,179 shares of the company’s stock valued at $5,591,000 after acquiring an additional 35,435 shares in the last quarter. Ballentine Partners LLC bought a new position in shares of Church & Dwight during the third quarter valued at $223,000. Finally, Marshall & Sullivan Inc. WA increased its holdings in shares of Church & Dwight by 1.3% during the third quarter. Marshall & Sullivan Inc. WA now owns 78,505 shares of the company’s stock valued at $4,661,000 after acquiring an additional 990 shares in the last quarter. Hedge funds and other institutional investors own 84.98% of the company’s stock.
In other news, Director Arthur B. Winkleblack sold 8,058 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $55.94, for a total transaction of $450,764.52. Following the completion of the transaction, the director now directly owns 75,187 shares in the company, valued at $4,205,960.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven P. Cugine sold 30,000 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $57.24, for a total value of $1,717,200.00. Following the transaction, the executive vice president now owns 58,948 shares of the company’s stock, valued at $3,374,183.52. The disclosure for this sale can be found here. Insiders have sold 473,800 shares of company stock valued at $27,051,358 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.
Church & Dwight Company Profile
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing 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 analgesic products 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; and water flossers and replacement showerheads under the WATERPIK brand.
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