Morgan Stanley Cuts Church & Dwight (NYSE:CHD) Price Target to $100.00

Church & Dwight (NYSE:CHD) had its price target decreased by stock analysts at Morgan Stanley from $110.00 to $100.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 7.50% from the stock’s previous close.

A number of other equities research analysts have also recently commented on CHD. Oppenheimer lowered their target price on Church & Dwight from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. UBS Group lowered their price target on shares of Church & Dwight from $110.00 to $102.00 and set a “neutral” rating for the company in a report on Friday. Evercore ISI lowered their target price on shares of Church & Dwight from $106.00 to $102.00 and set an “in-line” rating for the company in a research note on Friday. Bank of America raised Church & Dwight from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $112.00 to $125.00 in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Church & Dwight from $106.00 to $98.00 and set an “underweight” rating on the stock in a report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Church & Dwight has an average rating of “Hold” and a consensus target price of $110.19.

Church & Dwight Price Performance

Shares of CHD traded up $0.09 during mid-day trading on Monday, hitting $93.03. The company’s stock had a trading volume of 200,551 shares, compared to its average volume of 1,571,221. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. Church & Dwight has a 1-year low of $91.77 and a 1-year high of $116.46. The firm has a market capitalization of $22.89 billion, a P/E ratio of 39.24, a P/E/G ratio of 3.32 and a beta of 0.55. The firm has a 50-day simple moving average of $105.85 and a 200 day simple moving average of $105.93.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.02. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.52 billion. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. Church & Dwight’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period last year, the business posted $0.96 EPS. Analysts predict that Church & Dwight will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Church & Dwight news, EVP Rene Hemsey sold 11,060 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the sale, the executive vice president now owns 6,437 shares of the company’s stock, valued at $707,941.26. The trade was a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the transaction, the executive vice president now directly owns 10,497 shares in the company, valued at approximately $1,217,442.06. This represents a 83.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,570 shares of company stock valued at $7,538,449 over the last three months. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Church & Dwight

A number of large investors have recently added to or reduced their stakes in CHD. Creekmur Asset Management LLC grew its position in shares of Church & Dwight by 29,000.0% in the first quarter. Creekmur Asset Management LLC now owns 2,037 shares of the company’s stock valued at $224,000 after purchasing an additional 2,030 shares during the last quarter. Burling Wealth Partners LLC grew its position in Church & Dwight by 31.6% during the first quarter. Burling Wealth Partners LLC now owns 33,865 shares of the company’s stock worth $3,728,000 after buying an additional 8,126 shares in the last quarter. Forum Financial Management LP increased its stake in Church & Dwight by 97.3% during the first quarter. Forum Financial Management LP now owns 5,648 shares of the company’s stock valued at $622,000 after acquiring an additional 2,785 shares during the period. Fortis Group Advisors LLC acquired a new stake in shares of Church & Dwight during the 1st quarter worth approximately $1,472,000. Finally, Tributary Capital Management LLC raised its stake in shares of Church & Dwight by 45.8% in the first quarter. Tributary Capital Management LLC now owns 5,950 shares of the company’s stock valued at $655,000 after purchasing an additional 1,870 shares in the last quarter. 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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.