Deutsche Bank Downgrades Church & Dwight (CHD) to Hold

Church & Dwight (NYSE:CHD) was downgraded by equities research analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research note issued on Friday, The Fly reports.

CHD has been the topic of several other reports. Zacks Investment Research upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Wednesday, January 3rd. Wells Fargo raised their target price on Church & Dwight from $47.00 to $52.00 and gave the company a “market perform” rating in a report on Thursday, January 4th. Morgan Stanley raised their target price on Church & Dwight from $46.00 to $48.00 and gave the company an “underweight” rating in a report on Wednesday, February 7th. Jefferies Group reiterated a “buy” rating and set a $62.00 target price on shares of Church & Dwight in a report on Thursday, January 4th. Finally, CIBC upgraded Church & Dwight from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 7th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $51.71.

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NYSE CHD opened at $48.72 on Friday. The stock has a market capitalization of $12,262.98, a PE ratio of 25.11, a PEG ratio of 2.21 and a beta of 0.39. The company has a current ratio of 1.07, a quick ratio of 0.72 and a debt-to-equity ratio of 0.95. Church & Dwight has a 1-year low of $43.21 and a 1-year high of $54.18.

Church & Dwight (NYSE:CHD) last announced its earnings results on Monday, February 5th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $1.03 billion for 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 was up 15.3% on a year-over-year basis. During the same period last year, the business posted $0.44 EPS. sell-side analysts expect that Church & Dwight will post 2.26 EPS for the current fiscal year.

In other Church & Dwight news, Director James Craigie sold 396,400 shares of Church & Dwight stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $50.30, for a total transaction of $19,938,920.00. Following the sale, the director now directly owns 324,517 shares in the company, valued at approximately $16,323,205.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert D. Leblanc sold 11,000 shares of Church & Dwight stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $50.53, for a total value of $555,830.00. Following the sale, the director now owns 48,935 shares in the company, valued at $2,472,685.55. The disclosure for this sale can be found here. Insiders have sold a total of 444,508 shares of company stock worth $22,359,201 over the last 90 days. 2.00% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Ledyard National Bank increased its holdings in shares of Church & Dwight by 176.3% in the 4th quarter. Ledyard National Bank now owns 2,923 shares of the company’s stock valued at $147,000 after acquiring an additional 1,865 shares during the last quarter. Peak Asset Management LLC bought a new stake in shares of Church & Dwight in the 4th quarter valued at approximately $203,000. Hermes Investment Management Ltd. bought a new stake in shares of Church & Dwight in the 4th quarter valued at approximately $206,000. Delaney Dennis R bought a new stake in shares of Church & Dwight in the 4th quarter valued at approximately $241,000. Finally, Haverford Financial Services Inc. bought a new stake in shares of Church & Dwight in the 4th quarter valued at approximately $317,000. Institutional investors own 83.56% of the company’s stock.

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About Church & Dwight

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.

The Fly

Analyst Recommendations for Church & Dwight (NYSE:CHD)

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