Church & Dwight (NYSE:CHD) Stock Rating Lowered by Redburn Atlantic

Church & Dwight (NYSE:CHD) was downgraded by Redburn Atlantic from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research firms also recently issued reports on CHD. Evercore ISI cut their price target on Church & Dwight from $106.00 to $102.00 and set an “in-line” rating for the company in a research note on Friday, May 2nd. Barclays decreased their price target on Church & Dwight from $94.00 to $84.00 and set an “underweight” rating for the company in a report on Friday, May 2nd. Bank of America upgraded Church & Dwight from a “neutral” rating to a “buy” rating and raised their price objective for the company from $112.00 to $125.00 in a research note on Tuesday, April 15th. JPMorgan Chase & Co. reduced their target price on shares of Church & Dwight from $106.00 to $98.00 and set an “underweight” rating for the company in a research note on Friday, April 11th. Finally, Oppenheimer lowered their target price on shares of Church & Dwight from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $104.38.

Church & Dwight Stock Performance

NYSE:CHD opened at $95.53 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.43 and a current ratio of 1.95. Church & Dwight has a fifty-two week low of $90.99 and a fifty-two week high of $116.46. The company has a 50 day simple moving average of $96.80 and a two-hundred day simple moving average of $102.38. The company has a market capitalization of $23.53 billion, a PE ratio of 41.00, a P/E/G ratio of 3.89 and a beta of 0.51.

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

Insider Transactions at Church & Dwight

In related news, Director Penry W. Price sold 14,660 shares of Church & Dwight 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 transaction, the director directly owned 27,043 shares in the company, valued at approximately $2,518,514.59. The trade was a 35.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $99.00, for a total transaction of $1,451,340.00. Following the completion of the transaction, the director owned 13,747 shares of the company’s stock, valued at approximately $1,360,953. The trade was a 51.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,575 shares of company stock worth $4,910,586. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Church & Dwight

Large investors have recently made changes to their positions in the business. IAG Wealth Partners LLC lifted its holdings in Church & Dwight by 92.9% in the 1st quarter. IAG Wealth Partners LLC now owns 270 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of Church & Dwight during the fourth quarter valued at approximately $40,000. Wayfinding Financial LLC purchased a new position in shares of Church & Dwight in the first quarter worth $40,000. Versant Capital Management Inc boosted its holdings in shares of Church & Dwight by 42.1% during the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company’s stock valued at $42,000 after purchasing an additional 112 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Church & Dwight in the second quarter valued at $45,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

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.