Church & Dwight (NYSE:CHD) Price Target Raised to $115.00

Church & Dwight (NYSE:CHD) had its price objective boosted by Truist Financial from $110.00 to $115.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a buy rating on the stock.

CHD has been the subject of a number of other reports. Stifel Nicolaus upped their price objective on Church & Dwight from $91.00 to $99.00 and gave the stock a hold rating in a report on Monday, February 5th. TheStreet upgraded Church & Dwight from a c+ rating to a b rating in a report on Friday, February 2nd. The Goldman Sachs Group began coverage on Church & Dwight in a report on Friday, March 1st. They issued a buy rating and a $110.00 price objective for the company. Barclays boosted their target price on Church & Dwight from $80.00 to $83.00 and gave the company an underweight rating in a research note on Friday, April 12th. Finally, Argus raised Church & Dwight from a hold rating to a buy rating and set a $115.00 target price for the company in a research note on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $105.63.

Church & Dwight Price Performance

Church & Dwight stock opened at $106.11 on Friday. Church & Dwight has a 52 week low of $82.25 and a 52 week high of $108.68. The business has a 50-day simple moving average of $103.68 and a 200 day simple moving average of $97.88. The company has a quick ratio of 0.64, a current ratio of 1.33 and a debt-to-equity ratio of 0.54. The stock has a market cap of $25.88 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 3.55 and a beta of 0.51.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business earned $0.85 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, research analysts forecast that Church & Dwight will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

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

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Barry A. Bruno sold 9,926 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the completion of the transaction, the executive vice president now owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Barry A. Bruno sold 9,926 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total value of $1,037,763.30. Following the completion of the transaction, the executive vice president now owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Read sold 4,500 shares of the stock in a transaction that occurred 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 sold 373,052 shares of company stock valued at $38,603,796 in the last 90 days. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its stake in shares of Church & Dwight by 0.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 75,007 shares of the company’s stock worth $6,873,000 after buying an additional 446 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Church & Dwight by 0.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 203,722 shares of the company’s stock worth $18,667,000 after buying an additional 1,660 shares during the last quarter. Stratos Wealth Advisors LLC grew its stake in shares of Church & Dwight by 8.0% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 9,355 shares of the company’s stock worth $857,000 after buying an additional 693 shares during the last quarter. Forsta AP Fonden grew its stake in shares of Church & Dwight by 11.1% in the 3rd quarter. Forsta AP Fonden now owns 53,100 shares of the company’s stock worth $4,866,000 after buying an additional 5,300 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Church & Dwight by 317.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 164,844 shares of the company’s stock worth $15,105,000 after buying an additional 125,386 shares during the last quarter. Institutional investors 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.