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 report issued on Monday morning. The firm currently has $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.”
Other analysts also recently issued reports about the company. JPMorgan Chase & Co. increased their price target on Church & Dwight from $58.00 to $63.00 and gave the company a neutral rating in a research report on Friday, November 2nd. BMO Capital Markets increased their price target on Church & Dwight from $55.00 to $62.00 and gave the company a hold rating in a research report on Friday, November 2nd. Societe Generale lowered Church & Dwight from a buy rating to a hold rating and set a $54.00 price objective for the company. in a report on Tuesday, August 7th. Morgan Stanley increased their price objective on Church & Dwight from $46.00 to $50.00 and gave the company an underweight rating in a report on Friday, August 3rd. Finally, UBS Group began coverage on Church & Dwight in a report on Thursday, July 19th. They set a neutral rating and a $57.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $60.12.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. Church & Dwight had a return on equity of 25.00% and a net margin of 20.25%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 earnings per share. On average, equities analysts forecast that Church & Dwight will post 2.28 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be issued a $0.2175 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Wednesday, November 14th. Church & Dwight’s payout ratio is currently 44.85%.
In other news, Director Robert K. Shearer sold 16,718 shares of the firm’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $57.82, for a total value of $966,634.76. Following the completion of the transaction, the director now directly owns 45,826 shares of the company’s stock, valued at $2,649,659.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Craigie sold 300,000 shares of the firm’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $66.43, for a total value of $19,929,000.00. Following the completion of the transaction, the director now directly owns 327,577 shares of the company’s stock, valued at $21,760,940.11. The disclosure for this sale can be found here. Insiders sold 632,538 shares of company stock valued at $38,928,957 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.
A number of large investors have recently bought and sold shares of CHD. Bartlett & Co. LLC boosted its stake in Church & Dwight by 937.5% during the second quarter. Bartlett & Co. LLC now owns 1,992 shares of the company’s stock valued at $106,000 after buying an additional 1,800 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Church & Dwight during the third quarter valued at $107,000. Fort L.P. bought a new stake in Church & Dwight during the second quarter valued at $129,000. Girard Partners LTD. purchased a new stake in Church & Dwight during the third quarter valued at about $141,000. Finally, Global Trust Asset Management LLC purchased a new stake in Church & Dwight during the third quarter valued at about $142,000. 84.82% of the stock is owned by institutional investors.
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.
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