Church & Dwight (NYSE:CHD) Reaches New 52-Week High – Should You Buy?

Church & Dwight Co., Inc. (NYSE:CHD) 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.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CHD shares. Wells Fargo & Company lifted their price target on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Truist Financial raised their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Piper Sandler reduced their price target on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Barclays lifted their target price on Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a research note on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Church & Dwight has an average rating of “Hold” and an average target price of $111.56.

Church & Dwight Stock Performance

The company has a 50-day moving average price of $105.84 and a two-hundred day moving average price of $105.12. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $28.14 billion, a P/E ratio of 48.28, a PEG ratio of 3.32 and a beta of 0.59.

Church & Dwight (NYSE:CHD) last released 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 quarter in the prior year, the business earned $0.65 EPS. Equities analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.295 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.18 annualized dividend and a yield of 1.03%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s payout ratio is presently 49.79%.

Insider Activity at Church & Dwight

In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of Church & Dwight stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the sale, the director now directly owns 32,500 shares of the company’s stock, valued at approximately $3,448,575. The trade was a 23.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Read acquired 1,100 shares of the stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of $106.82 per share, with a total value of $117,502.00. Following the transaction, the executive vice president now directly owns 2,505 shares of the company’s stock, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their position. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Church & Dwight

A number of hedge funds have recently added to or reduced their stakes in CHD. YANKCOM Partnership bought a new position in Church & Dwight during the 4th quarter valued at about $25,000. Capital Performance Advisors LLP purchased a new position in shares of Church & Dwight during the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new position in Church & Dwight during the third quarter valued at approximately $28,000. Versant Capital Management Inc lifted its position in Church & Dwight by 224.4% during the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock valued at $28,000 after purchasing an additional 184 shares during the period. Finally, Bernard Wealth Management Corp. purchased a new stake in Church & Dwight in the fourth quarter worth approximately $40,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

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.