Church & Dwight (NYSE:CHD) Hits New 12-Month High – What’s Next?

Church & Dwight Co., Inc. (NYSE:CHD)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $115.14 and last traded at $114.73, with a volume of 95918 shares trading hands. The stock had previously closed at $112.33.

Wall Street Analyst Weigh In

CHD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Piper Sandler reduced their price target on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Stifel Nicolaus boosted their price objective on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a report on Monday, February 3rd. Barclays raised their price objective on Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 4th. Finally, Truist Financial lifted their price objective on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and a consensus price target of $111.56.

Church & Dwight Price Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. The company has a fifty day simple moving average of $106.23 and a 200 day simple moving average of $105.40. The stock has a market capitalization of $28.37 billion, a price-to-earnings ratio of 48.60, a P/E/G ratio of 3.32 and a beta of 0.57.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same period in the prior year, the company earned $0.65 earnings per share. Equities research analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.02%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight’s payout ratio is presently 49.79%.

Insider Activity at Church & Dwight

In related news, EVP Michael Read acquired 1,100 shares of Church & Dwight stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of $106.82 per share, with a total value of $117,502.00. Following the completion of the purchase, the executive vice president now owns 2,505 shares of the company’s stock, valued at $267,584.10. This represents a 78.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of Church & Dwight stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $106.11, for a total value of $1,061,100.00. Following the completion of the transaction, the director now directly owns 32,500 shares in the company, valued at $3,448,575. This trade represents a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,002 shares of company stock valued at $1,061,315. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Siemens Fonds Invest GmbH raised its holdings in shares of Church & Dwight by 3.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 9,242 shares of the company’s stock valued at $967,000 after acquiring an additional 347 shares in the last quarter. Cim LLC increased its position in shares of Church & Dwight by 0.8% during the 4th quarter. Cim LLC now owns 34,209 shares of the company’s stock valued at $3,582,000 after purchasing an additional 286 shares during the last quarter. Menard Financial Group LLC purchased a new stake in Church & Dwight in the fourth quarter worth about $99,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Church & Dwight in the 4th quarter worth approximately $36,493,000. Finally, Bernard Wealth Management Corp. purchased a new stake in Church & Dwight during the 4th quarter valued at approximately $42,000. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Company Profile

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, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.