Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) – Analysts at Jefferies Financial Group reduced their FY2022 earnings per share (EPS) estimates for shares of Church & Dwight in a research report issued to clients and investors on Tuesday, September 13th. Jefferies Financial Group analyst K. Grundy now anticipates that the company will earn $2.97 per share for the year, down from their prior forecast of $3.03. Jefferies Financial Group currently has a “Buy” rating and a $98.00 target price on the stock. The consensus estimate for Church & Dwight’s current full-year earnings is $2.98 per share. Jefferies Financial Group also issued estimates for Church & Dwight’s Q4 2022 earnings at $0.73 EPS.
A number of other research firms have also recently weighed in on CHD. Wells Fargo & Company dropped their price target on Church & Dwight from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 7th. UBS Group dropped their price target on Church & Dwight from $104.00 to $98.00 and set a “neutral” rating on the stock in a research note on Monday, August 1st. Morgan Stanley dropped their price target on Church & Dwight from $86.00 to $82.00 and set an “underweight” rating on the stock in a research note on Monday, August 1st. Deutsche Bank Aktiengesellschaft dropped their price target on Church & Dwight from $93.00 to $90.00 in a research note on Wednesday, September 7th. Finally, JPMorgan Chase & Co. upped their price objective on Church & Dwight from $84.00 to $86.00 in a report on Thursday, July 21st. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Church & Dwight presently has an average rating of “Hold” and a consensus price target of $91.64.
Church & Dwight Stock Down 0.6 %
Church & Dwight (NYSE:CHD – Get Rating) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. Church & Dwight had a return on equity of 21.89% and a net margin of 14.71%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the business posted $0.76 EPS. The business’s revenue was up 4.2% compared to the same quarter last year.
Church & Dwight Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were issued a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, August 12th. Church & Dwight’s dividend payout ratio (DPR) is currently 33.33%.
Institutional Trading of Church & Dwight
Large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its stake in Church & Dwight by 2.6% in the first quarter. Envestnet Asset Management Inc. now owns 352,592 shares of the company’s stock valued at $35,041,000 after buying an additional 8,881 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Church & Dwight by 0.3% in the fourth quarter. Mackenzie Financial Corp now owns 180,401 shares of the company’s stock valued at $18,491,000 after buying an additional 453 shares in the last quarter. Addenda Capital Inc. boosted its stake in Church & Dwight by 9.2% in the first quarter. Addenda Capital Inc. now owns 69,942 shares of the company’s stock valued at $6,951,000 after buying an additional 5,868 shares in the last quarter. Prudential PLC acquired a new stake in Church & Dwight in the first quarter valued at about $4,126,000. Finally, Teacher Retirement System of Texas raised its position in Church & Dwight by 122.8% in the first quarter. Teacher Retirement System of Texas now owns 106,720 shares of the company’s stock valued at $10,606,000 after purchasing an additional 58,817 shares during the last quarter. 82.59% of the stock is owned by institutional investors and hedge funds.
About Church & Dwight
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry 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 analgesics 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; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS products; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.
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