Church & Dwight (NYSE:CHD) Given New $76.00 Price Target at Barclays

Church & Dwight (NYSE:CHDGet Rating) had its price target decreased by Barclays from $78.00 to $76.00 in a report issued on Tuesday, Benzinga reports. Barclays currently has an underweight rating on the stock.

A number of other research firms also recently commented on CHD. UBS Group decreased their price objective on shares of Church & Dwight from $104.00 to $98.00 and set a neutral rating for the company in a report on Monday. Wells Fargo & Company lifted their price objective on shares of Church & Dwight from $95.00 to $100.00 and gave the company an overweight rating in a research note on Tuesday, June 28th. The Goldman Sachs Group dropped their price target on shares of Church & Dwight from $104.00 to $93.00 and set a neutral rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Church & Dwight from $84.00 to $86.00 in a research report on Thursday, July 21st. Finally, Truist Financial cut their price objective on Church & Dwight from $120.00 to $100.00 and set a buy rating on the stock in a report on Monday. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Church & Dwight currently has an average rating of Hold and an average target price of $94.79.

Church & Dwight Price Performance

Church & Dwight stock opened at $86.97 on Tuesday. Church & Dwight has a 12-month low of $80.34 and a 12-month high of $105.28. The stock has a market capitalization of $21.13 billion, a P/E ratio of 27.61, a P/E/G ratio of 3.60 and a beta of 0.34. The firm’s 50-day moving average is $90.45 and its two-hundred day moving average is $95.89. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.63.

Church & Dwight (NYSE:CHDGet Rating) last released its earnings results on Friday, July 29th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.04. Church & Dwight had a net margin of 14.71% and a return on equity of 21.89%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the company earned $0.76 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts predict that Church & Dwight will post 3.02 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be issued a $0.2625 dividend. This represents a $1.05 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, August 12th. Church & Dwight’s dividend payout ratio is 33.33%.

Insider Activity at Church & Dwight

In other Church & Dwight news, Director Bradley C. Irwin sold 7,000 shares of the stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $97.86, for a total value of $685,020.00. Following the transaction, the director now owns 41,636 shares of the company’s stock, valued at $4,074,498.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Church & Dwight

Several hedge funds have recently added to or reduced their stakes in CHD. National Asset Management Inc. raised its position in shares of Church & Dwight by 3.2% during the fourth quarter. National Asset Management Inc. now owns 4,145 shares of the company’s stock worth $426,000 after purchasing an additional 129 shares during the period. Vestmark Advisory Solutions Inc. bought a new position in shares of Church & Dwight during the 4th quarter worth approximately $283,000. Dupont Capital Management Corp bought a new position in shares of Church & Dwight during the 4th quarter worth approximately $96,000. CWM LLC acquired a new stake in Church & Dwight during the 4th quarter worth approximately $76,000. Finally, Xponance Inc. lifted its holdings in Church & Dwight by 26.9% during the 4th quarter. Xponance Inc. now owns 17,656 shares of the company’s stock worth $1,810,000 after purchasing an additional 3,744 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Church & Dwight Company Profile

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Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through 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; battery-operated and manual 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 replacement showerheads under the WATERPIK brand; FLAWLESS products; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.

Further Reading

Analyst Recommendations for Church & Dwight (NYSE:CHD)

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