Analysts Set Church & Dwight Co., Inc. (NYSE:CHD) Price Target at $106.65

Shares of Church & Dwight Co., Inc. (NYSE:CHD) have received an average recommendation of “Hold” from the eighteen brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $106.65.

A number of analysts have recently weighed in on CHD shares. Barclays reduced their target price on shares of Church & Dwight from $83.00 to $82.00 and set an “underweight” rating on the stock in a report on Monday, May 6th. Truist Financial lifted their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Bank of America lifted their price target on shares of Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Oppenheimer lifted their price target on shares of Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Church & Dwight from $98.00 to $97.00 and set an “underweight” rating for the company in a research note on Friday, May 3rd.

Church & Dwight Price Performance

Church & Dwight stock opened at $104.17 on Wednesday. Church & Dwight has a 52-week low of $82.25 and a 52-week high of $110.31. The company has a market cap of $25.47 billion, a price-to-earnings ratio of 33.07, a PEG ratio of 3.40 and a beta of 0.52. The firm’s fifty day moving average is $106.48 and its 200 day moving average is $102.92. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54.

Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm posted $0.85 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. Sell-side analysts forecast that Church & Dwight will post 3.46 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were paid a dividend of $0.2838 per share. The ex-dividend date was Tuesday, May 14th. This represents a $1.14 annualized dividend and a dividend yield of 1.09%. Church & Dwight’s dividend payout ratio (DPR) is presently 35.87%.

Insider Buying and Selling

In related news, EVP Maynadier Patrick D. De sold 54,654 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the completion of the transaction, the executive vice president now owns 10,325 shares in the company, valued at approximately $1,104,775. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Maynadier Patrick D. De sold 54,654 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the completion of the transaction, the executive vice president now owns 10,325 shares in the company, valued at approximately $1,104,775. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Penry W. Price sold 7,752 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $105.47, for a total transaction of $817,603.44. Following the transaction, the director now owns 25,692 shares of the company’s stock, valued at approximately $2,709,735.24. The disclosure for this sale can be found here. Insiders sold a total of 182,346 shares of company stock worth $19,465,948 in the last 90 days. 2.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Church & Dwight by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock valued at $2,861,865,000 after purchasing an additional 354,946 shares in the last quarter. Capital International Investors increased its stake in Church & Dwight by 1.0% during the 1st quarter. Capital International Investors now owns 9,097,575 shares of the company’s stock valued at $948,968,000 after purchasing an additional 92,862 shares in the last quarter. Morgan Stanley increased its stake in Church & Dwight by 1.9% during the 3rd quarter. Morgan Stanley now owns 3,291,982 shares of the company’s stock valued at $301,645,000 after purchasing an additional 61,090 shares in the last quarter. Norges Bank acquired a new position in Church & Dwight during the 4th quarter valued at approximately $259,967,000. Finally, ProShare Advisors LLC increased its stake in Church & Dwight by 1.8% during the 1st quarter. ProShare Advisors LLC now owns 1,783,412 shares of the company’s stock valued at $186,028,000 after purchasing an additional 31,145 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

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.