Church & Dwight (NYSE:CHD) Upgraded to “Outperform” at Credit Suisse Group

Credit Suisse Group upgraded shares of Church & Dwight (NYSE:CHDGet Rating) from a neutral rating to an outperform rating in a report published on Tuesday, The Fly reports. The firm currently has $95.00 price objective on the stock, up from their previous price objective of $85.00.

CHD has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Church & Dwight from $85.00 to $90.00 and gave the company a buy rating in a report on Tuesday, December 6th. StockNews.com assumed coverage on shares of Church & Dwight in a research note on Wednesday, October 12th. They issued a hold rating for the company. Argus raised shares of Church & Dwight from a hold rating to a buy rating and set a $78.00 price objective for the company in a research note on Monday, November 7th. The Goldman Sachs Group decreased their price objective on shares of Church & Dwight from $93.00 to $83.00 and set a neutral rating for the company in a research note on Monday, October 10th. Finally, Morgan Stanley raised shares of Church & Dwight from an underweight rating to an equal weight rating and set a $82.00 price objective for the company in a research note on Monday, October 17th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $88.40.

Church & Dwight Trading Up 3.4 %

Shares of Church & Dwight stock opened at $84.72 on Tuesday. The firm has a market cap of $20.66 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 3.90 and a beta of 0.45. The business has a 50-day moving average price of $80.09 and a 200-day moving average price of $81.59. The company has a quick ratio of 0.61, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. Church & Dwight has a twelve month low of $70.16 and a twelve month high of $105.28.

Church & Dwight (NYSE:CHDGet Rating) last issued its quarterly earnings data on Friday, October 28th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.11. Church & Dwight had a return on equity of 21.23% and a net margin of 13.88%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business posted $0.80 earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year. Equities research analysts anticipate that Church & Dwight will post 2.95 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th were issued a $0.2625 dividend. This represents a $1.05 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Monday, November 14th. Church & Dwight’s dividend payout ratio is currently 35.12%.

Institutional Investors Weigh In On Church & Dwight

A number of large investors have recently made changes to their positions in the stock. Metis Global Partners LLC increased its stake in shares of Church & Dwight by 7.2% during the second quarter. Metis Global Partners LLC now owns 4,145 shares of the company’s stock worth $384,000 after purchasing an additional 280 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Church & Dwight by 16.5% during the 2nd quarter. Fifth Third Bancorp now owns 17,725 shares of the company’s stock worth $1,642,000 after buying an additional 2,505 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Church & Dwight by 11.2% in the 2nd quarter. Brown Advisory Inc. now owns 105,127 shares of the company’s stock valued at $9,741,000 after purchasing an additional 10,573 shares during the last quarter. KBC Group NV increased its position in shares of Church & Dwight by 8.7% in the 2nd quarter. KBC Group NV now owns 33,099 shares of the company’s stock valued at $3,067,000 after purchasing an additional 2,650 shares during the last quarter. Finally, Boston Trust Walden Corp increased its position in shares of Church & Dwight by 4.0% in the 2nd quarter. Boston Trust Walden Corp now owns 571,027 shares of the company’s stock valued at $52,911,000 after purchasing an additional 21,736 shares during the last quarter. 80.86% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Company Profile

(Get Rating)

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.

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