Church & Dwight Co., Inc. (NYSE:CHD) – Investment analysts at William Blair cut their Q4 2019 earnings estimates for shares of Church & Dwight in a research report issued on Thursday, October 31st. William Blair analyst J. Andersen now forecasts that the company will post earnings per share of $0.54 for the quarter, down from their previous forecast of $0.61.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.05. Church & Dwight had a return on equity of 24.91% and a net margin of 14.33%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the business posted $0.58 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year.
A number of other equities analysts also recently commented on CHD. Jefferies Financial Group set a $86.00 price objective on Church & Dwight and gave the stock a “buy” rating in a research report on Friday, September 13th. Oppenheimer set a $85.00 price objective on Church & Dwight and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus set a $70.00 price objective on Church & Dwight and gave the stock a “hold” rating in a research report on Friday. Citigroup upgraded Church & Dwight from a “sell” rating to a “neutral” rating and set a $71.00 price objective on the stock in a research report on Friday. Finally, Morgan Stanley set a $70.00 price objective on Church & Dwight and gave the stock a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $73.47.
Shares of Church & Dwight stock opened at $68.78 on Monday. Church & Dwight has a one year low of $58.59 and a one year high of $80.99. The company has a market cap of $17.28 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 3.21 and a beta of 0.12. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.44 and a current ratio of 0.80. The business’s 50 day moving average price is $74.05 and its 200 day moving average price is $75.18.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.2275 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.91 annualized dividend and a yield of 1.32%. Church & Dwight’s dividend payout ratio (DPR) is 40.09%.
In other news, VP Rick Spann acquired 1,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was acquired at an average cost of $72.07 per share, with a total value of $72,070.00. Following the completion of the purchase, the vice president now owns 4,973 shares of the company’s stock, valued at approximately $358,404.11. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert D. Leblanc sold 10,000 shares of Church & Dwight stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $78.34, for a total value of $783,400.00. Following the completion of the sale, the director now directly owns 49,702 shares of the company’s stock, valued at $3,893,654.68. The disclosure for this sale can be found here. In the last three months, insiders have acquired 8,704 shares of company stock valued at $621,301 and have sold 90,418 shares valued at $7,198,251. 2.00% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of CHD. Invesco Ltd. grew its stake in shares of Church & Dwight by 116.9% in the second quarter. Invesco Ltd. now owns 5,393,316 shares of the company’s stock valued at $394,035,000 after buying an additional 2,906,844 shares in the last quarter. BlackRock Inc. grew its stake in shares of Church & Dwight by 5.9% in the second quarter. BlackRock Inc. now owns 20,701,434 shares of the company’s stock valued at $1,512,447,000 after buying an additional 1,151,283 shares in the last quarter. Thoroughbred Financial Services LLC grew its stake in shares of Church & Dwight by 7,373.9% in the second quarter. Thoroughbred Financial Services LLC now owns 1,044,333 shares of the company’s stock valued at $104,433,000 after buying an additional 1,030,360 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of Church & Dwight by 15,518.4% in the second quarter. Nuveen Asset Management LLC now owns 869,631 shares of the company’s stock valued at $63,535,000 after buying an additional 864,063 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Church & Dwight by 10.2% in the second quarter. Morgan Stanley now owns 5,981,868 shares of the company’s stock valued at $437,037,000 after buying an additional 556,109 shares in the last quarter. 81.14% of the stock is owned by institutional investors and hedge funds.
About Church & Dwight
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. 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.
