Church & Dwight (NYSE:CHD) Price Target Raised to $98.00

Church & Dwight (NYSE:CHD) had its price target raised by JPMorgan Chase & Co. from $97.00 to $98.00 in a research report released on Friday, Benzinga reports. They currently have an underweight rating on the stock.

CHD has been the subject of several other research reports. Barclays upped their target price on Church & Dwight from $80.00 to $82.00 and gave the stock an underweight rating in a research note on Tuesday, August 6th. TD Cowen began coverage on shares of Church & Dwight in a report on Tuesday, July 23rd. They set a buy rating and a $116.00 target price on the stock. Piper Sandler initiated coverage on shares of Church & Dwight in a research report on Tuesday, September 24th. They issued an overweight rating and a $120.00 target price on the stock. Truist Financial cut their price target on shares of Church & Dwight from $115.00 to $110.00 and set a buy rating for the company in a research report on Monday, August 5th. Finally, Morgan Stanley downgraded Church & Dwight from an overweight rating to an equal weight rating and set a $110.00 price objective on the stock. in a report on Monday, September 9th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $107.50.

Church & Dwight Trading Up 1.5 %

Shares of Church & Dwight stock opened at $103.16 on Friday. The company has a 50 day simple moving average of $102.49 and a two-hundred day simple moving average of $104.03. The firm has a market cap of $25.26 billion, a PE ratio of 31.74, a PEG ratio of 3.71 and a beta of 0.54. Church & Dwight has a 1 year low of $82.25 and a 1 year high of $110.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98.

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

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Thursday, August 15th. Church & Dwight’s payout ratio is currently 34.77%.

Insider Buying and Selling

In related news, EVP Barry A. Bruno sold 59,328 shares of the 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 completion of the transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at $429,179.03. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CHD. Game Plan Financial Advisors LLC purchased a new position in Church & Dwight during the 1st quarter valued at about $26,000. Crewe Advisors LLC purchased a new position in Church & Dwight during the 1st quarter valued at about $28,000. Roble Belko & Company Inc purchased a new position in Church & Dwight during the 1st quarter valued at about $31,000. Rothschild Investment LLC purchased a new position in Church & Dwight during the 2nd quarter valued at about $31,000. Finally, Creekmur Asset Management LLC purchased a new position in Church & Dwight during the 4th quarter valued at about $32,000. 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.