Church & Dwight (NYSE:CHD) Price Target Raised to $104.00

Church & Dwight (NYSE:CHD) had its price objective raised by Bank of America from $100.00 to $104.00 in a research report report published on Monday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

CHD has been the topic of several other reports. Truist Financial raised their price objective on shares of Church & Dwight from $105.00 to $110.00 and gave the stock a buy rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. raised their price objective on shares of Church & Dwight from $87.00 to $95.00 and gave the stock an underweight rating in a research report on Thursday, January 18th. UBS Group raised their price objective on shares of Church & Dwight from $99.00 to $105.00 and gave the stock a neutral rating in a research report on Monday, February 5th. Barclays lifted their target price on shares of Church & Dwight from $80.00 to $83.00 and gave the company an underweight rating in a report on Friday, April 12th. Finally, Royal Bank of Canada lifted their target price on shares of Church & Dwight from $94.00 to $103.00 and gave the company a sector perform rating in a report on Monday, February 5th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Church & Dwight presently has a consensus rating of Hold and an average price target of $103.27.

Church & Dwight Trading Up 0.2 %

Shares of Church & Dwight stock opened at $103.45 on Monday. The company has a fifty day simple moving average of $101.84 and a 200-day simple moving average of $96.36. Church & Dwight has a 12-month low of $82.25 and a 12-month high of $105.67. The company has a current ratio of 1.08, a quick ratio of 0.64 and a debt-to-equity ratio of 0.57. The stock has a market cap of $25.23 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 3.49 and a beta of 0.53.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, February 2nd. The company reported $0.65 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.65. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the business earned $0.62 EPS. Church & Dwight’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts forecast that Church & Dwight will post 3.44 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were issued a dividend of $0.2838 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.14 dividend on an annualized basis and a yield of 1.10%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.27. Church & Dwight’s payout ratio is currently 37.17%.

Insider Buying and Selling

In other Church & Dwight news, CEO Matthew Farrell sold 275,000 shares of Church & Dwight stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the completion of the transaction, the chief executive officer now owns 112,719 shares in the company, valued at $11,703,613.77. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Church & Dwight news, EVP Michael Read sold 4,500 shares of Church & Dwight stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $105.00, for a total transaction of $472,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew Farrell sold 275,000 shares of Church & Dwight stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the transaction, the chief executive officer now owns 112,719 shares of the company’s stock, valued at approximately $11,703,613.77. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 373,052 shares of company stock valued at $38,603,796. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Church & Dwight

A number of institutional investors have recently modified their holdings of CHD. Sei Investments Co. raised its position in shares of Church & Dwight by 11.7% in the first quarter. Sei Investments Co. now owns 148,186 shares of the company’s stock valued at $14,670,000 after buying an additional 15,509 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Church & Dwight by 27.8% in the first quarter. Sequoia Financial Advisors LLC now owns 3,078 shares of the company’s stock valued at $306,000 after buying an additional 670 shares during the last quarter. Candriam Luxembourg S.C.A. grew its holdings in Church & Dwight by 226.2% in the first quarter. Candriam Luxembourg S.C.A. now owns 55,918 shares of the company’s stock valued at $5,557,000 after purchasing an additional 38,777 shares during the period. Baird Financial Group Inc. grew its holdings in Church & Dwight by 119.2% in the first quarter. Baird Financial Group Inc. now owns 22,674 shares of the company’s stock valued at $2,253,000 after purchasing an additional 12,328 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in Church & Dwight by 54.6% in the first quarter. Brown Brothers Harriman & Co. now owns 1,702 shares of the company’s stock valued at $169,000 after purchasing an additional 601 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.