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

Church & Dwight (NYSE:CHD) had its target price raised by Deutsche Bank Aktiengesellschaft from $114.00 to $115.00 in a report published on Monday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also commented on CHD. Truist Financial cut their price objective on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Wells Fargo & Company increased their price target on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday. Barclays raised their price objective on Church & Dwight from $82.00 to $86.00 and gave the company an “underweight” rating in a research note on Friday, October 11th. Morgan Stanley lowered Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price on the stock. in a research report on Monday, September 9th. Finally, TD Cowen assumed coverage on shares of Church & Dwight in a research report on Tuesday, July 23rd. They set a “buy” rating and a $116.00 price target for the company. Three analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Church & Dwight presently has an average rating of “Hold” and an average target price of $108.05.

Church & Dwight Price Performance

Shares of NYSE CHD opened at $103.21 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. Church & Dwight has a 1-year low of $86.41 and a 1-year high of $110.31. The company has a market capitalization of $25.29 billion, a price-to-earnings ratio of 46.28, a PEG ratio of 3.78 and a beta of 0.55. The business has a 50-day moving average of $103.01 and a 200-day moving average of $104.02.

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

Church & Dwight Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.2838 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.10%. Church & Dwight’s dividend payout ratio is currently 50.67%.

Insiders Place Their Bets

In other news, CEO Matthew Farrell sold 165,823 shares of the business’s stock in a transaction on Monday, November 4th. The shares were 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 owns 112,719 shares of the company’s stock, valued at approximately $11,613,438.57. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Matthew Farrell sold 165,823 shares of Church & Dwight stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $103.03, for a total value of $17,084,743.69. Following the sale, the chief executive officer now directly owns 112,719 shares in the company, valued at $11,613,438.57. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Arthur B. Winkleblack sold 11,590 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now owns 7,129 shares of the company’s stock, valued at approximately $740,275.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of Church & Dwight

Hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its stake in shares of Church & Dwight by 1,617.3% in the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock worth $134,043,000 after acquiring an additional 1,217,568 shares during the period. Marshall Wace LLP raised its holdings in Church & Dwight by 4,161.5% during the second quarter. Marshall Wace LLP now owns 1,100,410 shares of the company’s stock worth $114,091,000 after purchasing an additional 1,074,588 shares in the last quarter. Capital Research Global Investors acquired a new stake in Church & Dwight in the first quarter worth approximately $69,384,000. Assenagon Asset Management S.A. boosted its stake in Church & Dwight by 394.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 335,624 shares of the company’s stock valued at $35,147,000 after purchasing an additional 267,801 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Church & Dwight by 5.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock valued at $351,668,000 after purchasing an additional 175,221 shares during the period. 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.