Church & Dwight (NYSE:CHD) Downgraded to “Sell” Rating by Rothschild & Co Redburn

Rothschild & Co Redburn lowered shares of Church & Dwight (NYSE:CHD) from a neutral rating to a sell rating in a report issued on Monday, Marketbeat.com reports. The brokerage currently has $83.00 price target on the stock.

Other equities research analysts also recently issued reports about the company. Cowen downgraded Church & Dwight from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Wells Fargo & Company upped their price target on Church & Dwight from $105.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Wall Street Zen raised Church & Dwight from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. UBS Group lowered their price target on Church & Dwight from $110.00 to $102.00 and set a “neutral” rating on the stock in a report on Friday, May 2nd. Finally, Barclays lowered their price target on Church & Dwight from $94.00 to $84.00 and set an “underweight” rating on the stock in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $104.38.

Church & Dwight Price Performance

Shares of CHD stock opened at $97.07 on Monday. The stock has a market cap of $23.90 billion, a price-to-earnings ratio of 41.66, a PEG ratio of 3.93 and a beta of 0.51. The business’s fifty day moving average is $96.73 and its 200 day moving average is $102.43. Church & Dwight has a twelve month low of $90.99 and a twelve month high of $116.46. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.48.

Church & Dwight (NYSE:CHD) last released its earnings results on Thursday, May 1st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.89 by $0.02. Church & Dwight had a return on equity of 19.28% and a net margin of 9.52%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. Research analysts expect that Church & Dwight will post 3.7 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Thursday, May 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 50.64%.

Insider Activity at Church & Dwight

In related news, Director Penry W. Price sold 14,660 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $93.13, for a total transaction of $1,365,285.80. Following the completion of the sale, the director owned 27,043 shares in the company, valued at approximately $2,518,514.59. This represents a 35.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Read purchased 3,000 shares of Church & Dwight stock in a transaction on Friday, May 9th. The stock was bought at an average price of $92.07 per share, with a total value of $276,210.00. Following the transaction, the executive vice president owned 5,505 shares of the company’s stock, valued at approximately $506,845.35. This represents a 119.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 50,575 shares of company stock valued at $4,910,586 in the last 90 days. 2.00% of the stock is owned by company insiders.

Institutional Trading of Church & Dwight

A number of hedge funds and other institutional investors have recently bought and sold shares of CHD. IAG Wealth Partners LLC increased its position in Church & Dwight by 92.9% in the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company’s stock worth $30,000 after buying an additional 130 shares in the last quarter. Bernard Wealth Management Corp. purchased a new stake in Church & Dwight in the fourth quarter worth about $40,000. Wayfinding Financial LLC purchased a new stake in Church & Dwight in the first quarter worth about $40,000. Versant Capital Management Inc increased its position in Church & Dwight by 42.1% in the first quarter. Versant Capital Management Inc now owns 378 shares of the company’s stock worth $42,000 after buying an additional 112 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in Church & Dwight in the second quarter worth about $45,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

About Church & Dwight

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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.