Brokerages Set Church & Dwight Co., Inc. (NYSE:CHD) Price Target at $106.58

Church & Dwight Co., Inc. (NYSE:CHD) has received an average recommendation of “Hold” from the twenty brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $106.58.

CHD has been the subject of a number of research analyst reports. TD Cowen initiated coverage on Church & Dwight in a research report on Tuesday, July 23rd. They set a “buy” rating and a $116.00 price objective for the company. BNP Paribas started coverage on Church & Dwight in a report on Monday, June 24th. They set a “neutral” rating and a $114.00 price target for the company. Truist Financial decreased their price objective on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, August 5th. JPMorgan Chase & Co. cut their target price on shares of Church & Dwight from $101.00 to $97.00 and set an “underweight” rating for the company in a report on Monday, August 5th. Finally, Evercore ISI decreased their price target on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research note on Monday, August 5th.

Church & Dwight Stock Up 0.9 %

NYSE CHD opened at $106.22 on Thursday. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. Church & Dwight has a 12 month low of $82.25 and a 12 month high of $110.31. The stock’s 50 day moving average is $102.18 and its 200 day moving average is $103.87. The stock has a market cap of $25.97 billion, a PE ratio of 33.72, a P/E/G ratio of 3.44 and a beta of 0.52.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, August 2nd. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.84 by $0.09. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 earnings per share. Research analysts predict that Church & Dwight will post 3.43 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were given a dividend of $0.2838 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.07%. Church & Dwight’s dividend payout ratio (DPR) is 35.87%.

Insider Transactions at Church & Dwight

In related news, EVP Barry A. Bruno sold 59,328 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $99.37, for a total value of $5,895,423.36. Following the transaction, the executive vice president now owns 4,319 shares of the company’s stock, valued at approximately $429,179.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Church & Dwight news, EVP Barry A. Bruno sold 59,328 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $99.37, for a total value of $5,895,423.36. Following the transaction, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $429,179.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard A. Dierker sold 86,740 shares of Church & Dwight stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the sale, the chief financial officer now directly owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 200,722 shares of company stock worth $20,986,416. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Church & Dwight

Hedge funds have recently made changes to their positions in the company. Game Plan Financial Advisors LLC bought a new stake in shares of Church & Dwight in the first quarter valued at about $26,000. Crewe Advisors LLC bought a new stake in shares of Church & Dwight in the 1st quarter valued at about $28,000. Roble Belko & Company Inc purchased a new stake in shares of Church & Dwight in the 1st quarter worth approximately $31,000. Rothschild Investment LLC bought a new position in shares of Church & Dwight during the second quarter valued at approximately $31,000. Finally, Creekmur Asset Management LLC purchased a new position in Church & Dwight during the fourth quarter valued at approximately $32,000. 86.60% of the stock is currently owned by hedge funds and other 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.