Traders Buy Church & Dwight Company, Inc. (CHD) on Weakness

Investors purchased shares of Church & Dwight Company, Inc. (NYSE:CHD) on weakness during trading hours on Monday. $24.80 million flowed into the stock on the tick-up and $6.15 million flowed out of the stock on the tick-down, for a money net flow of $18.65 million into the stock. Of all stocks tracked, Church & Dwight had the 26th highest net in-flow for the day. Church & Dwight traded down ($0.46) for the day and closed at $52.80

CHD has been the subject of several recent analyst reports. Morgan Stanley downgraded shares of Church & Dwight from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 16th. Zacks Investment Research downgraded shares of Church & Dwight from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. BidaskClub raised shares of Church & Dwight from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Bank of America Corporation upped their target price on shares of Church & Dwight from $51.00 to $53.00 and gave the stock an “underperform” rating in a report on Monday, July 10th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $58.00 price objective (up previously from $54.00) on shares of Church & Dwight in a report on Tuesday, April 18th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. Church & Dwight has a consensus rating of “Hold” and an average price target of $51.07.

The stock’s 50 day moving average is $52.21 and its 200 day moving average is $50.52. The firm has a market cap of $12.38 billion, a PE ratio of 29.34 and a beta of 0.57.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $898 million for the quarter, compared to analyst estimates of $903.87 million. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. Church & Dwight’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 earnings per share. On average, equities analysts anticipate that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.76 dividend on an annualized basis and a yield of 1.53%. Church & Dwight’s payout ratio is presently 44.97%.

In related news, EVP Steven P. Cugine sold 177,940 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $50.30, for a total transaction of $8,950,382.00. Following the transaction, the executive vice president now directly owns 46,348 shares in the company, valued at $2,331,304.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert D. Leblanc sold 9,718 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total transaction of $484,345.12. Following the transaction, the director now owns 56,497 shares in the company, valued at $2,815,810.48. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Tredje AP fonden purchased a new position in shares of Church & Dwight during the second quarter worth approximately $140,000. Westside Investment Management Inc. purchased a new position in shares of Church & Dwight during the first quarter worth approximately $149,000. Parallel Advisors LLC increased its position in shares of Church & Dwight by 53.5% in the first quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock worth $161,000 after buying an additional 1,150 shares during the period. Acrospire Investment Management LLC increased its position in shares of Church & Dwight by 274.8% in the second quarter. Acrospire Investment Management LLC now owns 3,137 shares of the company’s stock worth $163,000 after buying an additional 2,300 shares during the period. Finally, Clean Yield Group purchased a new position in shares of Church & Dwight during the first quarter worth approximately $178,000. 82.05% of the stock is currently owned by institutional investors.

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Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.

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