Church & Dwight (NYSE:CHD) Hits New 12-Month High – What’s Next?

Church & Dwight Co., Inc. (NYSE:CHD) shares reached a new 52-week high on Thursday. The stock traded as high as $114.23 and last traded at $113.6880, with a volume of 90,375 shares. The stock had previously closed at $112.03.

Wall Street Analyst Weigh In

CHD has been the topic of several recent research reports. TD Cowen reaffirmed a “hold” rating and issued a $115.00 price target (up from $97.00) on shares of Church & Dwight in a research report on Tuesday. Morgan Stanley increased their price objective on Church & Dwight from $112.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Church & Dwight in a report on Wednesday, October 14th. UBS Group lifted their price objective on shares of Church & Dwight from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Royal Bank Of Canada raised their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $108.44.

Church & Dwight Trading Up 2.2%

The firm has a 50-day simple moving average of $99.83 and a 200-day simple moving average of $97.98. The company has a quick ratio of 0.62, a current ratio of 0.96 and a debt-to-equity ratio of 0.40. The stock has a market cap of $27.02 billion, a PE ratio of 35.17, a P/E/G ratio of 3.86 and a beta of 0.45.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, October 30th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. Church & Dwight had a return on equity of 20.28% and a net margin of 12.41%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 EPS. Equities analysts forecast that Church & Dwight Co., Inc. will post 3.77 earnings per share for the current year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be issued a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 13th. Church & Dwight’s payout ratio is presently 37.85%.

Insider Activity

In related news, Director Bradley C. Irwin sold 4,300 shares of Church & Dwight stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $110.36, for a total transaction of $474,548.00. Following the completion of the sale, the director owned 35,674 shares of the company’s stock, valued at approximately $3,936,982.64. This trade represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Carlos G. Linares sold 15,375 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $103.00, for a total value of $1,583,625.00. Following the transaction, the executive vice president owned 4,668 shares of the company’s stock, valued at approximately $480,804. The trade was a 76.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 127,690 shares of company stock worth $13,712,471. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Church & Dwight

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Edmond DE Rothschild Holding S.A. purchased a new position in Church & Dwight in the second quarter worth $25,000. Clearstead Trust LLC bought a new position in Church & Dwight in the second quarter valued at $33,000. Fulcrum Asset Management LLP raised its position in Church & Dwight by 815.8% during the third quarter. Fulcrum Asset Management LLP now owns 348 shares of the company’s stock valued at $33,000 after purchasing an additional 310 shares in the last quarter. Field & Main Bank purchased a new stake in Church & Dwight during the second quarter valued at about $34,000. Finally, Triumph Capital Management lifted its stake in Church & Dwight by 516.4% during the third quarter. Triumph Capital Management now owns 376 shares of the company’s stock worth $35,000 after purchasing an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

About Church & Dwight

Church & Dwight Co, Inc is a consumer packaged goods company that develops, manufactures and markets household, personal care and specialty products. Its portfolio is anchored by the ARM & HAMMER brand, which is used across products such as baking soda, laundry detergent, cat litter, household cleaners, oral care products and personal care items.

The company also markets a broad range of branded products, including OxiClean laundry and cleaning products, Trojan sexual wellness products, Waterpik oral health devices, First Response pregnancy and fertility tests, Nair hair-removal products, Orajel oral pain relief, TheraBreath oral care products, and vitamins and supplements sold under the Vitafusion and L’il Critters brands.