Church & Dwight (NYSE:CHD) Given New $110.00 Price Target at Morgan Stanley

Church & Dwight (NYSE:CHD) had its price objective cut by Morgan Stanley from $114.00 to $110.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other analysts also recently issued research reports about the stock. BNP Paribas began coverage on shares of Church & Dwight in a report on Monday, June 24th. They issued a neutral rating and a $114.00 target price for the company. Stifel Nicolaus reduced their price target on shares of Church & Dwight from $107.00 to $105.00 and set a hold rating for the company in a research report on Monday. Barclays dropped their price objective on shares of Church & Dwight from $82.00 to $80.00 and set an underweight rating on the stock in a research note on Friday, July 19th. JPMorgan Chase & Co. dropped their price target on shares of Church & Dwight from $101.00 to $97.00 and set an underweight rating on the stock in a research note on Monday. Finally, Wells Fargo & Company decreased their price objective on shares of Church & Dwight from $116.00 to $108.00 and set an overweight rating on the stock in a report on Monday. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $106.58.

Church & Dwight Stock Up 1.4 %

Shares of CHD stock traded up $1.40 during trading hours on Monday, reaching $101.32. 1,734,274 shares of the company’s stock were exchanged, compared to its average volume of 1,376,963. The company has a current ratio of 1.33, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average is $104.55 and its 200-day moving average is $103.47. Church & Dwight has a fifty-two week low of $82.25 and a fifty-two week high of $110.31. The company has a market cap of $24.78 billion, a price-to-earnings ratio of 32.41, a P/E/G ratio of 3.21 and a beta of 0.52.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.09. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 EPS. Analysts predict that Church & Dwight will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Thursday, August 15th. Church & Dwight’s dividend payout ratio is currently 35.87%.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Barry A. Bruno sold 59,328 shares of Church & Dwight stock in a transaction dated Monday, August 5th. The stock was 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. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Barry A. Bruno sold 59,328 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the sale, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $429,179.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ravichandra Krishnamu Saligram sold 20,000 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $107.67, for a total value of $2,153,400.00. Following the transaction, the director now owns 13,793 shares of the company’s stock, valued at approximately $1,485,092.31. The disclosure for this sale can be found here. Insiders sold a total of 233,922 shares of company stock valued at $24,543,768 over the last quarter. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Church & Dwight

Hedge funds have recently made changes to their positions in the business. Texas Yale Capital Corp. boosted its holdings in Church & Dwight by 1.0% in the first quarter. Texas Yale Capital Corp. now owns 10,600 shares of the company’s stock worth $1,106,000 after acquiring an additional 100 shares in the last quarter. Garner Asset Management Corp increased its position in Church & Dwight by 5.1% in the first quarter. Garner Asset Management Corp now owns 2,058 shares of the company’s stock worth $215,000 after buying an additional 100 shares in the last quarter. Elk River Wealth Management LLC increased its position in Church & Dwight by 0.3% in the second quarter. Elk River Wealth Management LLC now owns 34,678 shares of the company’s stock worth $3,595,000 after buying an additional 114 shares in the last quarter. Kingswood Wealth Advisors LLC increased its position in Church & Dwight by 2.4% in the first quarter. Kingswood Wealth Advisors LLC now owns 4,942 shares of the company’s stock worth $516,000 after buying an additional 117 shares in the last quarter. Finally, Sovereign Financial Group Inc. grew its position in shares of Church & Dwight by 0.7% during the first quarter. Sovereign Financial Group Inc. now owns 17,436 shares of the company’s stock worth $1,819,000 after purchasing an additional 120 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

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.