Royal Bank of Canada Reiterates Maintaining Church & Dwight (NYSE:CHD) Rating


Church and Dwight (NYSE: CHDGet a rating)The stock had its “holding” rating restated by equity analysts Royal Bank of Canada in a research note released to investors on Monday, Benzinga reports.

Other stock analysts have also recently released research reports on the stock. JPMorgan Chase & Co. raised its price target on shares of Church & Dwight from $84.00 to $86.00 in a Thursday, July 21 research note. Truist Financial lowered its price target on Church & Dwight shares from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Monday. Morgan Stanley lowered its price target on Church & Dwight shares from $86.00 to $82.00 and set an “underweight” rating for the company in a research report on Monday. UBS Group lowered its price target on Church & Dwight shares from $104.00 to $98.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Wells Fargo & Company lowered its price target on Church & Dwight shares from $100.00 to $95.00 and set a “hold” rating for the company in a research report Monday. Three research analysts gave the stock a sell rating, five gave the stock a hold rating and three gave the stock a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $95.62.

Performance of Church & Dwight shares

NYSE: CHD opened at $87.06 on Monday. The company has a fifty-day simple moving average of $90.56 and a two-hundred-day simple moving average of $96.07. The company has a market cap of $21.14 billion, a price-to-earnings ratio of 27.64, a growth price-to-earnings ratio of 3.64, and a beta of 0.34. The company has a quick ratio of 0.63, a current ratio of 1.01 and a debt ratio of 0.59. Church & Dwight has a 52 week minimum of $80.34 and a 52 week maximum of $105.28.

Church and Dwight (NYSE: CHDGet a rating) last released its quarterly results on Friday, July 29. The company reported EPS of $0.76 for the quarter, beating the consensus estimate of $0.72 by $0.04. The company posted revenue of $1.33 billion in the quarter, versus a consensus estimate of $1.34 billion. Church & Dwight had a net margin of 14.71% and a return on equity of 21.89%. The company’s quarterly revenue increased by 4.2% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings per share of $0.76. As a group, stock analysts expect Church & Dwight to post earnings per share of 3.02 for the current fiscal year.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight News, Director Bradley C. Irwin sold 7,000 shares of Church & Dwight in a trade on Wednesday, May 11. The shares were sold at an average price of $97.86, for a total value of $685,020.00. Following the transaction, the administrator now directly owns 41,636 shares of the company, valued at $4,074,498.96. The transaction was disclosed in an SEC filing, available at the SEC website. 1.70% of the shares are currently held by insiders of the company.

Institutional entries and exits

A number of institutional investors have been buying and selling shares of CHD recently. National Asset Management Inc. increased its stake in Church & Dwight by 3.2% in the fourth quarter. National Asset Management Inc. now owns 4,145 shares of the company valued at $426,000 after purchasing an additional 129 shares during the period. Vestmark Advisory Solutions Inc. acquired a new position in shares of Church & Dwight during the fourth quarter worth approximately $283,000. Yousif Capital Management LLC acquired a new position in shares of Church & Dwight during the fourth quarter worth approximately $4,504,000. Dupont Capital Management Corp acquired a new position in shares of Church & Dwight during the fourth quarter worth approximately $96,000. Finally, CWM LLC acquired a new position in shares of Church & Dwight during the fourth quarter worth approximately $76,000. 84.81% of the shares are currently held by institutional investors and hedge funds.

About Church & Dwight

(Get a rating)

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 litter, carpet deodorizers, laundry detergents and baking soda, as well as other baking soda 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 trade mark SPINBRUSH; 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; gel food supplements under the L’IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; IMPECCABLE products; shortening and cold relief products under the ZICAM brand; and oral care products under the THERABREATH brand.

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Analyst Recommendations for Church & Dwight (NYSE:CHD)



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Jerry B. Hatch