Church & Dwight (CHD) Sets New 1-Year High at $67.93

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Church & Dwight Co., Inc. (NYSE:CHD) hit a new 52-week high on Wednesday . The company traded as high as $67.93 and last traded at $66.09, with a volume of 126300 shares changing hands. The stock had previously closed at $67.88.

CHD has been the subject of several recent research reports. ValuEngine upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Jefferies Financial Group boosted their price target on shares of Church & Dwight from $65.00 to $68.00 and gave the company a “buy” rating in a report on Monday, October 29th. Royal Bank of Canada boosted their price target on shares of Church & Dwight to $60.00 and gave the company a “fair value” rating in a report on Friday, August 3rd. Stifel Nicolaus boosted their price target on shares of Church & Dwight from $48.00 to $52.00 and gave the company a “hold” rating in a report on Friday, August 3rd. Finally, BMO Capital Markets boosted their price target on shares of Church & Dwight from $47.00 to $55.00 and gave the company a “hold” rating in a report on Friday, August 3rd. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $58.47.

The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $16.21 billion, a P/E ratio of 34.09, a P/E/G ratio of 2.87 and a beta of 0.31.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. Church & Dwight had a net margin of 20.25% and a return on equity of 25.00%. Church & Dwight’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 EPS. As a group, equities analysts expect that Church & Dwight Co., Inc. will post 2.28 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be paid a dividend of $0.2175 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.87 annualized dividend and a dividend yield of 1.32%. Church & Dwight’s dividend payout ratio (DPR) is presently 44.85%.

In other Church & Dwight news, Director Arthur B. Winkleblack sold 8,058 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $55.94, for a total transaction of $450,764.52. Following the sale, the director now owns 75,187 shares of the company’s stock, valued at approximately $4,205,960.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Louis Tursi sold 315,820 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $57.10, for a total transaction of $18,033,322.00. Following the sale, the vice president now directly owns 155,434 shares in the company, valued at approximately $8,875,281.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 658,140 shares of company stock valued at $40,360,431. 2.00% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in CHD. Global Retirement Partners LLC raised its position in shares of Church & Dwight by 24.0% in the second quarter. Global Retirement Partners LLC now owns 9,124 shares of the company’s stock valued at $485,000 after buying an additional 1,765 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in shares of Church & Dwight by 37.1% in the second quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock valued at $94,731,000 after purchasing an additional 482,109 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in shares of Church & Dwight by 51.8% in the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 13,041 shares of the company’s stock valued at $774,000 after purchasing an additional 4,450 shares during the period. Centaurus Financial Inc. purchased a new stake in shares of Church & Dwight in the second quarter valued at about $164,000. Finally, Castleark Management LLC purchased a new stake in shares of Church & Dwight in the second quarter valued at about $320,000. 85.19% of the stock is currently owned by institutional investors and hedge funds.

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About Church & Dwight (NYSE:CHD)

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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