Church & Dwight Co., Inc. (NYSE:CHD) has earned a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $58.81.
Several equities research analysts have weighed in on the company. Morgan Stanley upped their target price on Church & Dwight from $50.00 to $55.00 and gave the stock a “sell” rating in a report on Monday. Barclays set a $54.00 target price on Church & Dwight and gave the stock a “sell” rating in a report on Saturday. JPMorgan Chase & Co. upped their target price on Church & Dwight from $58.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. Citigroup upped their target price on Church & Dwight from $60.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. Finally, BMO Capital Markets upped their target price on Church & Dwight from $55.00 to $62.00 and gave the stock a “hold” rating in a report on Friday, November 2nd.
CHD opened at $67.88 on Friday. Church & Dwight has a 52-week low of $43.42 and a 52-week high of $67.91. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.93 and a quick ratio of 0.55. The firm has a market cap of $16.21 billion, a P/E ratio of 34.99, a price-to-earnings-growth ratio of 2.87 and a beta of 0.31.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be issued a $0.2175 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Wednesday, November 14th. Church & Dwight’s dividend payout ratio is presently 44.85%.
In related news, Director Robert D. Leblanc sold 17,544 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $55.90, for a total transaction of $980,709.60. Following the sale, the director now directly owns 66,903 shares of the company’s stock, valued at $3,739,877.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Louis Tursi sold 315,820 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $57.10, for a total value of $18,033,322.00. Following the sale, the vice president now directly owns 155,434 shares in the company, valued at $8,875,281.40. The disclosure for this sale can be found here. Insiders sold 658,140 shares of company stock worth $40,360,431 over the last three months. Corporate insiders own 2.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Bartlett & Co. LLC grew its holdings in Church & Dwight by 937.5% during the second quarter. Bartlett & Co. LLC now owns 1,992 shares of the company’s stock worth $106,000 after acquiring an additional 1,800 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Church & Dwight during the third quarter worth approximately $107,000. Fort L.P. purchased a new position in Church & Dwight during the second quarter worth approximately $129,000. Global Trust Asset Management LLC purchased a new position in Church & Dwight during the third quarter worth approximately $142,000. Finally, Piedmont Investment Advisors LLC purchased a new position in Church & Dwight during the second quarter worth approximately $148,000. 85.19% of the stock is currently owned by hedge funds and other institutional investors.
About Church & Dwight
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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