Church & Dwight (NYSE:CHD) Price Target Cut to $110.00

Church & Dwight (NYSE:CHD) had its price objective reduced by Truist Financial from $115.00 to $110.00 in a research note published on Monday morning, Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on CHD. Argus upped their target price on shares of Church & Dwight from $115.00 to $125.00 and gave the company a buy rating in a report on Tuesday, June 11th. Stifel Nicolaus decreased their target price on Church & Dwight from $107.00 to $105.00 and set a hold rating for the company in a research report on Monday. Evercore ISI boosted their price objective on Church & Dwight from $107.00 to $110.00 and gave the company an in-line rating in a research note on Friday, May 3rd. Barclays reduced their price target on shares of Church & Dwight from $82.00 to $80.00 and set an underweight rating for the company in a research report on Friday, July 19th. Finally, Bank of America lifted their price objective on shares of Church & Dwight from $100.00 to $104.00 and gave the company a neutral rating in a research note on Monday, April 15th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $106.58.

Church & Dwight Stock Up 0.6 %

Shares of Church & Dwight stock opened at $102.21 on Monday. Church & Dwight has a 52-week low of $82.25 and a 52-week high of $110.31. The company has a 50 day moving average of $104.42 and a 200 day moving average of $103.48. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $25.02 billion, a P/E ratio of 32.45, a P/E/G ratio of 3.39 and a beta of 0.52.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, August 2nd. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09. The firm had revenue of $1.51 billion during 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 revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. As a group, research analysts forecast that Church & Dwight will post 3.43 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, August 15th. Church & Dwight’s dividend payout ratio is currently 35.87%.

Insider Buying and Selling

In other news, CFO Richard A. Dierker sold 86,740 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $106.56, for a total value of $9,243,014.40. Following the completion of the transaction, the chief financial officer now owns 7,634 shares in the company, valued at $813,479.04. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Ravichandra Krishnamu Saligram sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $107.67, for a total value of $2,153,400.00. Following the completion of the transaction, the director now owns 13,793 shares of the company’s stock, valued at approximately $1,485,092.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard A. Dierker sold 86,740 shares of Church & Dwight stock in a transaction dated Friday, June 14th. The stock was 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 owns 7,634 shares of the company’s stock, valued at $813,479.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 220,722 shares of company stock valued at $23,139,816. 2.00% of the stock is owned by insiders.

Institutional Trading of Church & Dwight

Several hedge funds and other institutional investors have recently bought and sold shares of CHD. Norges Bank purchased a new stake in shares of Church & Dwight in the fourth quarter valued at $259,967,000. Capital International Investors grew its holdings in Church & Dwight by 39.2% in the 4th quarter. Capital International Investors now owns 9,004,713 shares of the company’s stock valued at $851,414,000 after buying an additional 2,533,877 shares during the period. Capital Research Global Investors acquired a new position in shares of Church & Dwight during the 1st quarter valued at about $69,384,000. Vanguard Group Inc. boosted its position in shares of Church & Dwight by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock worth $2,861,865,000 after acquiring an additional 354,946 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Church & Dwight by 26.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,334,950 shares of the company’s stock worth $126,233,000 after purchasing an additional 277,017 shares during the last quarter. 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.