Church & Dwight (CHD) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Church & Dwight (NYSE:CHD) from a hold rating to a buy rating in a research report released on Monday morning. They currently have $74.00 price objective on the stock.

According to Zacks, “Church & Dwight has outpaced the industry in the past six months, courtesy of strong organic sales trend as well as focus on international business and acquisitions. These factors have helped the company retain its sturdy surprise record in third-quarter 2018, wherein the top and the bottom line rose year on year. While earnings gained from higher sales and lower taxes, sales were backed by consistent category growth and market share gains. We note that the company’s international business is steadily gaining from strong brands. Also, organic sales have been sturdy, courtesy of strength in global consumer products. Encouragingly, management raised organic sales view for 2018, while keeping net sales view intact. However, the company’s gross margin has been declining, due to higher commodity and transport costs. Further, performance in the Specialty Products unit has been dismal, thanks to lower dairy products demand.”

A number of other brokerages have also weighed in on CHD. Morgan Stanley boosted their price objective on shares of Church & Dwight from $50.00 to $55.00 and gave the stock a sell rating in a report on Monday, November 5th. Barclays set a $54.00 price objective on shares of Church & Dwight and gave the stock a sell rating in a report on Saturday, November 3rd. Citigroup boosted their price objective on shares of Church & Dwight from $60.00 to $66.00 and gave the stock a neutral rating in a report on Friday, November 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Church & Dwight from $58.00 to $63.00 and gave the stock a neutral rating in a report on Friday, November 2nd. Finally, BMO Capital Markets boosted their price objective on shares of Church & Dwight from $55.00 to $62.00 and gave the stock a hold rating in a report on Friday, November 2nd. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $60.12.

Church & Dwight stock traded down $0.24 during trading hours on Monday, hitting $65.24. 91,565 shares of the stock traded hands, compared to its average volume of 2,056,510. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.55 and a current ratio of 0.93. The stock has a market cap of $16.25 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 2.87 and a beta of 0.31. Church & Dwight has a one year low of $44.38 and a one year high of $67.93.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Church & Dwight had a return on equity of 25.00% and a net margin of 20.25%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the firm posted $0.49 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts predict that Church & Dwight will post 2.28 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.2175 per share. The ex-dividend date is Wednesday, November 14th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.33%. Church & Dwight’s dividend payout ratio is currently 44.85%.

In other Church & Dwight news, Director James Craigie sold 300,000 shares of the business’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $66.43, for a total value of $19,929,000.00. Following the transaction, the director now directly owns 327,577 shares in the company, valued at approximately $21,760,940.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert K. Shearer sold 16,718 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $57.82, for a total transaction of $966,634.76. Following the completion of the transaction, the director now owns 45,826 shares in the company, valued at $2,649,659.32. The disclosure for this sale can be found here. Insiders have sold 632,538 shares of company stock valued at $38,928,957 in the last three months. Corporate insiders own 2.00% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC increased its holdings in shares of Church & Dwight by 24.0% in the second quarter. Global Retirement Partners LLC now owns 9,124 shares of the company’s stock worth $485,000 after buying an additional 1,765 shares during the period. Glenmede Trust Co. NA lifted its position in Church & Dwight by 37.1% in the 2nd quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock valued at $94,731,000 after acquiring an additional 482,109 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in Church & Dwight by 51.8% in the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 13,041 shares of the company’s stock valued at $774,000 after acquiring an additional 4,450 shares in the last quarter. Baldwin Brothers Inc. MA lifted its position in Church & Dwight by 120.2% in the 3rd quarter. Baldwin Brothers Inc. MA now owns 10,074 shares of the company’s stock valued at $598,000 after acquiring an additional 5,499 shares in the last quarter. Finally, Castleark Management LLC bought a new position in Church & Dwight in the 2nd quarter valued at approximately $320,000. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing 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 analgesic products 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; and water flossers and replacement showerheads under the WATERPIK brand.

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