Church & Dwight (NYSE:CHD) Price Target Cut to $103.00 by Analysts at Stifel Nicolaus

Church & Dwight (NYSE:CHD) had its price target trimmed by Stifel Nicolaus from $105.00 to $103.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a hold rating on the stock.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. raised their price objective on Church & Dwight from $99.00 to $107.00 and gave the company an “underweight” rating in a research report on Thursday. TD Cowen lifted their price target on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Piper Sandler upped their price target on shares of Church & Dwight from $124.00 to $128.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company upped their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $110.61.

Church & Dwight Stock Performance

Shares of Church & Dwight stock opened at $106.42 on Friday. The business has a fifty day simple moving average of $106.87 and a two-hundred day simple moving average of $104.05. The firm has a market capitalization of $26.07 billion, a P/E ratio of 47.72, a P/E/G ratio of 3.12 and a beta of 0.58. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. Church & Dwight has a 12 month low of $96.09 and a 12 month high of $113.50.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping 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 business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm posted $0.74 earnings per share. Church & Dwight’s quarterly revenue was up 3.8% on a year-over-year basis. On average, equities analysts forecast that Church & Dwight will post 3.44 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a $0.2838 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.07%. Church & Dwight’s payout ratio is 50.67%.

Insider Activity

In related news, CEO Matthew Farrell sold 165,823 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the completion of the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,613,438.57. The trade was a 59.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Rick Spann sold 39,520 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $112.00, for a total transaction of $4,426,240.00. Following the sale, the executive vice president now owns 4,973 shares in the company, valued at approximately $556,976. The trade was a 88.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 593,035 shares of company stock valued at $62,282,808 in the last quarter. 1.40% of the stock is currently owned by insiders.

Institutional Trading of Church & Dwight

Hedge funds and other institutional investors have recently modified their holdings of the company. Apeiron RIA LLC boosted its holdings in Church & Dwight by 3.9% in the 4th quarter. Apeiron RIA LLC now owns 4,183 shares of the company’s stock worth $438,000 after buying an additional 158 shares during the period. Endeavor Private Wealth Inc. purchased a new position in shares of Church & Dwight in the fourth quarter valued at about $84,000. Janney Montgomery Scott LLC boosted its stake in shares of Church & Dwight by 3.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 138,158 shares of the company’s stock worth $14,467,000 after acquiring an additional 5,137 shares during the period. Beaumont Financial Advisors LLC purchased a new stake in shares of Church & Dwight during the fourth quarter worth about $312,000. Finally, Atomi Financial Group Inc. bought a new stake in Church & Dwight during the 4th quarter valued at approximately $208,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

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.