Church & Dwight (NYSE:CHD) Price Target Raised to $117.00 at TD Cowen

Church & Dwight (NYSE:CHD) had its price target upped by TD Cowen from $114.00 to $117.00 in a research note issued to investors on Monday, Benzinga reports. TD Cowen currently has a buy rating on the stock.

Several other research firms also recently weighed in on CHD. Stifel Nicolaus dropped their target price on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a report on Monday, August 5th. Morgan Stanley cut Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective for the company. in a research note on Monday, September 9th. Barclays increased their target price on Church & Dwight from $82.00 to $86.00 and gave the stock an “underweight” rating in a research note on Friday, October 11th. Truist Financial dropped their target price on 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, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Church & Dwight currently has a consensus rating of “Hold” and an average target price of $108.05.

Church & Dwight Stock Performance

NYSE CHD opened at $103.21 on Monday. The stock has a fifty day simple moving average of $103.01 and a 200-day simple moving average of $104.02. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The stock has a market cap of $25.29 billion, a PE ratio of 46.28, a P/E/G ratio of 3.78 and a beta of 0.55. Church & Dwight has a twelve month low of $86.41 and a twelve month high of $110.31.

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

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be 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 is Friday, November 15th. Church & Dwight’s dividend payout ratio is presently 50.67%.

Insiders Place Their Bets

In related news, Director Arthur B. Winkleblack sold 11,590 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.84, for a total value of $1,203,505.60. Following the completion of the transaction, the director now directly owns 7,129 shares of the company’s stock, valued at $740,275.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Arthur B. Winkleblack sold 11,590 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $103.84, for a total value of $1,203,505.60. Following the completion of the sale, the director now directly owns 7,129 shares of the company’s stock, valued at $740,275.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew Farrell sold 165,823 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $103.03, for a total value of $17,084,743.69. Following 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 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Church & Dwight

A number of institutional investors have recently modified their holdings of CHD. Capital Performance Advisors LLP purchased a new stake in Church & Dwight during the 3rd quarter valued at approximately $27,000. Crewe Advisors LLC purchased a new stake in shares of Church & Dwight during the first quarter worth approximately $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of Church & Dwight during the third quarter worth $28,000. Rothschild Investment LLC purchased a new position in Church & Dwight in the 2nd quarter valued at $31,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Church & Dwight in the 2nd quarter valued at $33,000. 86.60% of the stock is owned by institutional investors and hedge funds.

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.