Church & Dwight (NYSE:CHD) Price Target Raised to $86.00

Church & Dwight (NYSE:CHDFree Report) had its price objective increased by Barclays from $82.00 to $86.00 in a research report report published on Friday morning, Benzinga reports. The brokerage currently has an underweight rating on the stock.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of Church & Dwight from $97.00 to $98.00 and gave the company an underweight rating in a research report on Friday. Morgan Stanley cut Church & Dwight from an overweight rating to an equal weight rating and set a $110.00 price objective on the stock. in a research note on Monday, September 9th. Truist Financial decreased 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. Evercore ISI dropped their price target on Church & Dwight from $110.00 to $101.00 and set an in-line rating on the stock in a research report on Monday, August 5th. Finally, Piper Sandler assumed coverage on Church & Dwight in a report on Tuesday, September 24th. They issued an overweight rating and a $120.00 price objective for the company. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $107.50.

Check Out Our Latest Stock Report on Church & Dwight

Church & Dwight Stock Performance

Shares of NYSE:CHD opened at $103.16 on Friday. 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 company has a market capitalization of $25.26 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 3.71 and a beta of 0.54. The firm’s 50-day moving average is $102.49 and its 200 day moving average is $104.03.

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

Church & Dwight Announces Dividend

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

Insider Activity at Church & Dwight

In related news, EVP Barry A. Bruno sold 59,328 shares of Church & Dwight stock in a transaction on 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 in the company, valued at $429,179.03. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is owned by company insiders.

Institutional Trading of Church & Dwight

Hedge funds have recently bought and sold shares of the stock. Millennium Management LLC lifted its stake in shares of Church & Dwight by 1,617.3% in the second quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock valued at $134,043,000 after buying an additional 1,217,568 shares during the period. Marshall Wace LLP raised its stake in shares of Church & Dwight by 4,161.5% in the second quarter. Marshall Wace LLP now owns 1,100,410 shares of the company’s stock valued at $114,091,000 after purchasing an additional 1,074,588 shares in the last quarter. Capital Research Global Investors acquired a new stake in Church & Dwight during the first quarter worth $69,384,000. Vanguard Group Inc. increased its holdings in Church & Dwight by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock valued at $2,861,865,000 after buying an additional 354,946 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Church & Dwight by 26.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,334,950 shares of the company’s stock valued at $126,233,000 after buying an additional 277,017 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

About Church & Dwight

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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.

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