Church & Dwight (NYSE:CHD) Price Target Raised to $128.00

Church & Dwight (NYSE:CHD) had its target price raised by Piper Sandler from $124.00 to $128.00 in a research note issued to investors on Monday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Other research analysts have also issued reports about the company. Barclays cut their price objective on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price target on Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. TD Cowen increased their price objective on shares of Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Morgan Stanley lowered shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target for the company. in a report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $110.00.

Church & Dwight Stock Performance

Church & Dwight stock opened at $102.57 on Monday. The company has a market cap of $25.13 billion, a price-to-earnings ratio of 46.00, a price-to-earnings-growth ratio of 3.86 and a beta of 0.58. Church & Dwight has a 12 month low of $93.91 and a 12 month high of $113.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. The stock’s 50-day moving average is $106.81 and its 200-day moving average is $104.10.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm posted $0.74 earnings per share. Church & Dwight’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts anticipate that Church & Dwight will post 3.45 earnings per share for the current year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a $0.2838 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.11%. Church & Dwight’s dividend payout ratio (DPR) is 50.67%.

Insider Activity at Church & Dwight

In other news, Director Arthur B. Winkleblack sold 11,590 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the sale, the director now directly owns 7,129 shares in the company, valued at approximately $740,275.36. This represents a 61.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rick Spann sold 39,520 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $112.00, for a total value of $4,426,240.00. Following the transaction, the executive vice president now owns 4,973 shares of the company’s stock, valued at $556,976. This represents a 88.82 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 593,035 shares of company stock valued at $62,282,808. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Church & Dwight

A number of hedge funds have recently added to or reduced their stakes in CHD. Capital Performance Advisors LLP bought a new position in shares of Church & Dwight during the third quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new position in Church & Dwight during the 3rd quarter valued at about $28,000. Versant Capital Management Inc grew its position in Church & Dwight by 224.4% in the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 184 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Church & Dwight in the second quarter valued at approximately $33,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Church & Dwight during the second quarter valued at approximately $38,000. 86.60% of the stock is currently owned by institutional investors.

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.