Church & Dwight (NYSE:CHD) Given New $114.00 Price Target at HSBC

Church & Dwight (NYSE:CHD) had its price objective increased by HSBC from $110.00 to $114.00 in a research note published on Friday morning, Benzinga reports. HSBC currently has a hold rating on the stock.

A number of other equities research analysts have also recently issued reports on CHD. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Church & Dwight from $109.00 to $112.00 and gave the company a buy rating in a research note on Monday, April 22nd. Evercore ISI lifted their target price on shares of Church & Dwight from $107.00 to $110.00 and gave the company an in-line rating in a research report on Friday. UBS Group upped their price target on shares of Church & Dwight from $99.00 to $105.00 and gave the stock a neutral rating in a research report on Monday, February 5th. Argus upgraded Church & Dwight from a hold rating to a buy rating and set a $115.00 price objective on the stock in a report on Friday, February 23rd. Finally, JPMorgan Chase & Co. reduced their target price on Church & Dwight from $98.00 to $97.00 and set an underweight rating for the company in a report on Friday. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $105.63.

Church & Dwight Stock Performance

NYSE CHD traded up $0.23 during mid-day trading on Friday, reaching $106.11. 1,283,889 shares of the stock were exchanged, compared to its average volume of 1,247,251. Church & Dwight has a 1 year low of $82.25 and a 1 year high of $108.68. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.64 and a current ratio of 1.33. The business’s 50 day moving average is $103.57 and its 200-day moving average is $97.65. The company has a market capitalization of $25.88 billion, a P/E ratio of 33.68, a P/E/G ratio of 3.54 and a beta of 0.51.

Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $0.85 EPS. On average, equities research analysts forecast that Church & Dwight will post 3.44 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Tuesday, May 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 35.87%.

Insider Activity

In other news, CFO Richard A. Dierker sold 24,380 shares of Church & Dwight stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $103.61, for a total transaction of $2,526,011.80. Following the sale, the chief financial officer now owns 7,634 shares of the company’s stock, valued at approximately $790,958.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Richard A. Dierker sold 24,380 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $103.61, for a total transaction of $2,526,011.80. Following the completion of the sale, the chief financial officer now directly owns 7,634 shares of the company’s stock, valued at approximately $790,958.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Read sold 4,500 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $105.00, for a total transaction of $472,500.00. The disclosure for this sale can be found here. Insiders sold a total of 373,052 shares of company stock valued at $38,603,796 in the last 90 days. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Church & Dwight

Hedge funds have recently made changes to their positions in the stock. Game Plan Financial Advisors LLC purchased a new position in shares of Church & Dwight during the first quarter worth $26,000. Roble Belko & Company Inc acquired a new position in Church & Dwight during the 1st quarter worth about $31,000. Chilton Capital Management LLC boosted its holdings in Church & Dwight by 50.0% during the 4th quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock valued at $31,000 after acquiring an additional 110 shares during the period. Creekmur Asset Management LLC acquired a new position in Church & Dwight in the 4th quarter valued at about $32,000. Finally, Annapolis Financial Services LLC increased its stake in Church & Dwight by 2,087.5% during the fourth quarter. Annapolis Financial Services LLC now owns 350 shares of the company’s stock worth $33,000 after purchasing an additional 334 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

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.