Equities researchers at Atlantic Securities started coverage on shares of Church & Dwight Co. (NYSE:CHD) in a research report issued to clients and investors on Monday, The Fly reports. The brokerage set a “neutral” rating on the stock.
CHD has been the topic of a number of other reports. Barclays PLC lowered their target price on Church & Dwight Co. to $47.00 and set an “underweight” rating on the stock in a report on Tuesday, September 6th. Stifel Nicolaus initiated coverage on Church & Dwight Co. in a report on Monday, July 11th. They set a “hold” rating on the stock. Jefferies Group reiterated a “buy” rating and issued a $56.00 price target on shares of Church & Dwight Co. in a research report on Thursday, July 14th. Zacks Investment Research upgraded Church & Dwight Co. from a “sell” rating to a “hold” rating in a research report on Friday, August 5th. Finally, Citigroup Inc. increased their price target on Church & Dwight Co. from $51.50 to $55.00 and gave the company a “neutral” rating in a research report on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $50.65.
Shares of Church & Dwight Co. (NYSE:CHD) opened at 46.92 on Monday. The firm has a market cap of $12.09 billion, a P/E ratio of 27.34 and a beta of 0.37. Church & Dwight Co. has a 52-week low of $38.42 and a 52-week high of $53.68. The company’s 50-day moving average is $48.29 and its 200-day moving average is $48.58.
Church & Dwight Co. (NYSE:CHD) last released its earnings results on Thursday, August 4th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The firm had revenue of $877.40 million for the quarter, compared to analyst estimates of $869.23 million. Church & Dwight Co. had a return on equity of 22.69% and a net margin of 13.12%. Church & Dwight Co.’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 earnings per share. Equities research analysts forecast that Church & Dwight Co. will post $1.77 earnings per share for the current fiscal year.
In other news, Director Robert K. Shearer sold 6,586 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $99.00, for a total transaction of $652,014.00. Following the completion of the sale, the director now directly owns 21,140 shares of the company’s stock, valued at approximately $2,092,860. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul A. Siracusa sold 122,707 shares of the firm’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $50.01, for a total value of $6,136,577.07. Following the sale, the vice president now directly owns 62,355 shares of the company’s stock, valued at $3,118,373.55. The disclosure for this sale can be found here. Insiders own 2.17% of the company’s stock.
Several large investors have recently bought and sold shares of CHD. Robeco Institutional Asset Management B.V. increased its stake in Church & Dwight Co. by 16.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 728,461 shares of the company’s stock worth $74,949,000 after buying an additional 100,687 shares during the period. Leavell Investment Management Inc. increased its stake in Church & Dwight Co. by 8.3% in the second quarter. Leavell Investment Management Inc. now owns 6,500 shares of the company’s stock worth $669,000 after buying an additional 500 shares during the period. Motley Fool Wealth Management LLC purchased a new stake in Church & Dwight Co. during the first quarter worth $1,076,000. Vanguard Group Inc. increased its stake in Church & Dwight Co. by 1.4% in the second quarter. Vanguard Group Inc. now owns 12,588,376 shares of the company’s stock worth $1,295,219,000 after buying an additional 168,332 shares during the period. Finally, ING Groep NV purchased a new stake in Church & Dwight Co. during the first quarter worth $276,000. 40.07% of the stock is owned by institutional investors.
About Church & Dwight Co.
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company operates in three segments: Consumer Domestic, which includes consumer products, as well as other household and personal care products; Consumer International, which markets a range of personal care products, household and over-the-counter products in international markets, and Specialty Products Division (SPD), a producer of sodium bicarbonate.
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