Church & Dwight (NYSE:CHD) Price Target Raised to $110.00

Church & Dwight (NYSE:CHD) had its price target boosted by Evercore ISI from $107.00 to $110.00 in a research note published on Friday, Benzinga reports. The brokerage currently has an in-line rating on the stock.

Other research analysts have also recently issued reports about the company. Oppenheimer increased their price target on Church & Dwight from $110.00 to $120.00 and gave the company an outperform rating in a research report on Tuesday, April 23rd. Truist Financial increased their price target on Church & Dwight from $110.00 to $115.00 and gave the company a buy rating in a research report on Friday. UBS Group increased their price target on Church & Dwight from $99.00 to $105.00 and gave the company a neutral rating in a research report on Monday, February 5th. Deutsche Bank Aktiengesellschaft upped their price objective on Church & Dwight from $109.00 to $112.00 and gave the company a buy rating in a research note on Monday, April 22nd. Finally, Stifel Nicolaus upped their price objective on Church & Dwight from $91.00 to $99.00 and gave the company a hold rating in a research note on Monday, February 5th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Church & Dwight currently has an average rating of Hold and a consensus target price of $105.63.

Church & Dwight Stock Up 0.2 %

CHD stock opened at $106.11 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.64. The stock has a market capitalization of $25.88 billion, a P/E ratio of 33.69, a P/E/G ratio of 3.55 and a beta of 0.51. The business has a 50-day moving average of $103.68 and a 200-day moving average of $97.88. Church & Dwight has a fifty-two week low of $82.25 and a fifty-two week high of $108.68.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.86 by $0.10. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Church & Dwight will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.2838 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.07%. Church & Dwight’s dividend payout ratio (DPR) is currently 35.87%.

Insiders Place Their Bets

In other Church & Dwight news, EVP Rene Hemsey sold 9,280 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $100.22, for a total transaction of $930,041.60. Following the transaction, the executive vice president now owns 6,373 shares in the company, valued at approximately $638,702.06. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Church & Dwight news, EVP Rene Hemsey sold 9,280 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $100.22, for a total transaction of $930,041.60. Following the transaction, the executive vice president now owns 6,373 shares in the company, valued at approximately $638,702.06. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Michael Read sold 4,500 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $105.00, for a total value of $472,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 373,052 shares of company stock worth $38,603,796 in the last 90 days. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Church & Dwight

Large investors have recently modified their holdings of the business. Simplicity Solutions LLC boosted its holdings in shares of Church & Dwight by 69.5% in the 4th quarter. Simplicity Solutions LLC now owns 26,257 shares of the company’s stock valued at $2,483,000 after purchasing an additional 10,762 shares in the last quarter. abrdn plc boosted its holdings in shares of Church & Dwight by 35.0% in the 4th quarter. abrdn plc now owns 281,416 shares of the company’s stock valued at $26,611,000 after purchasing an additional 73,022 shares in the last quarter. Crown Oak Advisors LLC acquired a new stake in shares of Church & Dwight in the 4th quarter valued at $10,142,000. Assenagon Asset Management S.A. boosted its holdings in shares of Church & Dwight by 290.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 56,221 shares of the company’s stock valued at $5,316,000 after purchasing an additional 41,804 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Church & Dwight by 6.2% in the 4th quarter. Russell Investments Group Ltd. now owns 185,243 shares of the company’s stock valued at $17,508,000 after purchasing an additional 10,775 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

About Church & Dwight

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.