Deutsche Bank Downgrades Church & Dwight (CHD) to Hold

Deutsche Bank lowered shares of Church & Dwight (NYSE:CHD) from a buy rating to a hold rating in a report issued on Friday morning, MarketBeat Ratings reports. The firm currently has $54.00 price target on the stock, up from their prior price target of $48.00.

Several other research analysts have also recently weighed in on the company. Wells Fargo reaffirmed a hold rating on shares of Church & Dwight in a research report on Monday, February 5th. Zacks Investment Research raised Church & Dwight from a hold rating to a buy rating and set a $56.00 price objective for the company in a research report on Wednesday, January 3rd. Oppenheimer raised Church & Dwight from a market perform rating to an outperform rating and set a $54.00 price objective for the company in a research report on Wednesday, February 7th. Jefferies Group reaffirmed a buy rating and set a $62.00 price objective on shares of Church & Dwight in a research report on Thursday, January 4th. Finally, CIBC raised Church & Dwight from a market perform rating to an outperform rating in a research report on Wednesday, February 7th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $51.57.

Shares of Church & Dwight stock opened at $45.41 on Friday. Church & Dwight has a 1 year low of $43.21 and a 1 year high of $54.18. The stock has a market capitalization of $11,182.32, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 2.02 and a beta of 0.39. The company has a quick ratio of 0.72, a current ratio of 1.07 and a debt-to-equity ratio of 0.95.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. Church & Dwight had a return on equity of 24.95% and a net margin of 19.69%. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share. research analysts predict that Church & Dwight will post 2.26 EPS for the current fiscal year.

In related news, Director Robert D. Leblanc sold 11,000 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $50.53, for a total transaction of $555,830.00. Following the completion of the transaction, the director now directly owns 48,935 shares of the company’s stock, valued at $2,472,685.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Craigie sold 24,508 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $50.03, for a total value of $1,226,135.24. Following the transaction, the director now directly owns 52,625 shares of the company’s stock, valued at $2,632,828.75. The disclosure for this sale can be found here. Insiders have sold 444,508 shares of company stock valued at $22,359,201 over the last three months. Insiders own 2.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bfsg LLC boosted its position in Church & Dwight by 3.6% during the fourth quarter. Bfsg LLC now owns 32,187 shares of the company’s stock valued at $1,615,000 after purchasing an additional 1,112 shares during the last quarter. Page Arthur B boosted its position in Church & Dwight by 4.8% during the fourth quarter. Page Arthur B now owns 26,155 shares of the company’s stock valued at $1,312,000 after purchasing an additional 1,190 shares during the last quarter. US Bancorp DE boosted its position in Church & Dwight by 0.8% during the fourth quarter. US Bancorp DE now owns 159,621 shares of the company’s stock valued at $8,008,000 after purchasing an additional 1,208 shares during the last quarter. Eqis Capital Management Inc. boosted its position in Church & Dwight by 12.1% during the fourth quarter. Eqis Capital Management Inc. now owns 11,574 shares of the company’s stock valued at $581,000 after purchasing an additional 1,251 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in Church & Dwight by 0.3% during the fourth quarter. California State Teachers Retirement System now owns 421,438 shares of the company’s stock valued at $21,144,000 after purchasing an additional 1,319 shares during the last quarter. 83.31% of the stock is owned by hedge funds and other institutional investors.

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Church & Dwight Company Profile

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.

Analyst Recommendations for Church & Dwight (NYSE:CHD)

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