Church & Dwight (NYSE:CHD) Reaches New 12-Month High - Here's What Happened

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CHD. Piper Sandler dropped their target price on shares of Church & Dwight from $128.00 to $126.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada restated a "sector perform" rating and set a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. Barclays raised their target price on Church & Dwight from $90.00 to $93.00 and gave the stock an "underweight" rating in a research note on Tuesday, February 4th. Stifel Nicolaus boosted their price target on Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a research note on Monday, February 3rd. Finally, Truist Financial raised their price objective 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $111.56.

Church & Dwight Stock Performance

The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The company's 50-day moving average is $106.10 and its two-hundred day moving average is $105.27. The firm has a market cap of $27.67 billion, a P/E ratio of 47.46, a PEG ratio of 3.32 and a beta of 0.59.

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Church & Dwight (NYSE:CHD - Get Free Report) last announced its earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 previous year, the business earned $0.65 EPS. As a group, equities analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal 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. The ex-dividend date was Friday, February 14th. This is a boost from Church & Dwight's previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a yield of 1.05%. Church & Dwight's payout ratio is 49.79%.

Insiders Place Their Bets

In other news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of Church & Dwight stock in a transaction 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 in the company, valued at $3,448,575. The trade was a 23.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael Read purchased 1,100 shares of Church & Dwight stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average price of $106.82 per share, with a total value of $117,502.00. Following the transaction, the executive vice president now owns 2,505 shares of the company's stock, valued at $267,584.10. This trade represents a 78.29 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 10,002 shares of company stock valued at $1,061,315. Corporate insiders own 2.00% of the company's stock.

Institutional Trading of Church & Dwight

Hedge funds have recently added to or reduced their stakes in the stock. Siemens Fonds Invest GmbH increased its stake in shares of Church & Dwight by 3.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 9,242 shares of the company's stock worth $967,000 after purchasing an additional 347 shares during the last quarter. Cim LLC grew its holdings in Church & Dwight by 0.8% during the fourth quarter. Cim LLC now owns 34,209 shares of the company's stock valued at $3,582,000 after purchasing an additional 286 shares during the period. Menard Financial Group LLC purchased a new stake in Church & Dwight in the fourth quarter worth $99,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Church & Dwight in the fourth quarter valued at $36,493,000. Finally, Bernard Wealth Management Corp. purchased a new position in shares of Church & Dwight during the 4th quarter valued at $42,000. Institutional investors 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.