Church & Dwight (NYSE:CHD) Upgraded at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Church & Dwight (NYSE:CHD) from a sector perform rating to an outperform rating in a report issued on Monday morning, Marketbeat.com reports. Royal Bank of Canada currently has $114.00 target price on the stock, up from their previous target price of $100.00.

CHD has been the subject of several other reports. Wells Fargo & Company increased their price objective on Church & Dwight from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 2nd. Truist Financial increased their price objective on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. 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 note on Tuesday, April 15th. TD Cowen lowered Church & Dwight from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a research note on Tuesday, May 6th. Finally, UBS Group decreased their target price on Church & Dwight from $110.00 to $102.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $110.00.

Church & Dwight Trading Up 0.1%

Shares of Church & Dwight stock opened at $99.65 on Monday. The firm has a market capitalization of $24.54 billion, a price-to-earnings ratio of 42.05, a PEG ratio of 3.32 and a beta of 0.55. Church & Dwight has a fifty-two week low of $90.99 and a fifty-two week high of $116.46. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. The stock has a 50 day moving average of $99.56 and a 200 day moving average of $104.58.

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

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were issued a $0.295 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a yield of 1.18%. Church & Dwight’s dividend payout ratio (DPR) is presently 50.64%.

Insiders Place Their Bets

In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of Church & Dwight stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $99.00, for a total transaction of $1,451,340.00. Following the completion of the sale, the director now directly owns 13,747 shares of the company’s stock, valued at $1,360,953. The trade was a 51.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Carlen Hooker sold 3,000 shares of Church & Dwight stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $98.05, for a total value of $294,150.00. Following the sale, the executive vice president now directly owns 262 shares of the company’s stock, valued at $25,689.10. This trade represents a 91.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,765 shares of company stock valued at $11,821,881 in the last ninety days. Insiders own 2.00% of the company’s stock.

Institutional Trading of Church & Dwight

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Church & Dwight by 2.4% during the first quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company’s stock worth $3,461,410,000 after purchasing an additional 750,575 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Church & Dwight by 19.4% during the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company’s stock worth $768,157,000 after purchasing an additional 1,190,154 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Church & Dwight by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company’s stock worth $617,794,000 after purchasing an additional 148,234 shares in the last quarter. Stifel Financial Corp increased its position in shares of Church & Dwight by 0.5% during the fourth quarter. Stifel Financial Corp now owns 4,316,414 shares of the company’s stock worth $451,975,000 after purchasing an additional 20,887 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Church & Dwight by 2.6% during the first quarter. Northern Trust Corp now owns 3,097,722 shares of the company’s stock worth $341,028,000 after purchasing an additional 79,170 shares in the last quarter. Institutional investors and hedge funds 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.