Church & Dwight (NYSE:CHD) Hits New 52-Week High – Here’s What Happened

Church & Dwight Co., Inc. (NYSE:CHD) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $114.05 and last traded at $113.80, with a volume of 67888 shares changing hands. The stock had previously closed at $112.06.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CHD. Piper Sandler lowered their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Stifel Nicolaus upped 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. JPMorgan Chase & Co. reduced their price target on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a $105.00 price objective on shares of Church & Dwight in a research note on Monday, February 3rd. Finally, Truist Financial increased their price target on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $111.56.

Church & Dwight Stock Performance

The firm has a market capitalization of $27.16 billion, a price-to-earnings ratio of 46.70, a price-to-earnings-growth ratio of 3.32 and a beta of 0.59. 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 firm’s 50-day moving average price is $106.01 and its two-hundred day moving average price is $105.23.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, meeting 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 previous year, the business earned $0.65 EPS. Sell-side analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $0.295 per share. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight’s dividend payout ratio (DPR) is currently 49.79%.

Insiders Place Their Bets

In related news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Read purchased 1,100 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired 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. The trade was a 78.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 10,002 shares of company stock valued at $1,061,315. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Church & Dwight

Institutional investors have recently bought and sold shares of the business. YANKCOM Partnership acquired a new stake in Church & Dwight in the fourth quarter worth $25,000. Capital Performance Advisors LLP acquired a new stake in shares of Church & Dwight in the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new position in shares of Church & Dwight during the third quarter worth approximately $28,000. Versant Capital Management Inc grew its stake in shares of Church & Dwight by 224.4% in the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock valued at $28,000 after acquiring an additional 184 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in Church & Dwight in the 4th quarter valued at $39,000. Institutional investors and hedge funds 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.