Wells Fargo & Company Cuts Church & Dwight (NYSE:CHD) Price Target to $108.00

Church & Dwight (NYSE:CHD) had its target price trimmed by Wells Fargo & Company from $116.00 to $108.00 in a research note published on Monday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

CHD has been the subject of several other research reports. BNP Paribas initiated coverage on Church & Dwight in a research report on Monday, June 24th. They set a neutral rating and a $114.00 target price for the company. Bank of America boosted their price objective 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. HSBC upped their price target on Church & Dwight from $110.00 to $114.00 and gave the stock a hold rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. upped their target price on Church & Dwight from $97.00 to $101.00 and gave the company an underweight rating in a research report on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Church & Dwight from $109.00 to $112.00 and gave the company a buy rating in a report on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $106.58.

Church & Dwight Stock Up 1.4 %

Shares of NYSE:CHD traded up $1.40 during trading on Monday, hitting $101.32. The stock had a trading volume of 1,723,796 shares, compared to its average volume of 1,376,963. 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 $24.78 billion, a PE ratio of 32.41, a PEG ratio of 3.21 and a beta of 0.52. The firm’s fifty day moving average is $104.55 and its 200 day moving average is $103.47. 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 released its quarterly earnings results on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. Analysts anticipate that Church & Dwight will post 3.46 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

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

Insider Activity at Church & Dwight

In related news, CFO Richard A. Dierker sold 86,740 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the completion of the sale, the chief financial officer now directly owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Church & Dwight news, CFO Richard A. Dierker sold 86,740 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $106.56, for a total value of $9,243,014.40. Following the sale, the chief financial officer now owns 7,634 shares in the company, valued at $813,479.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ravichandra Krishnamu Saligram sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $107.67, for a total transaction of $2,153,400.00. Following the transaction, the director now owns 13,793 shares in the company, valued at approximately $1,485,092.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 233,922 shares of company stock worth $24,543,768. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Church & Dwight

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Texas Yale Capital Corp. increased its position in Church & Dwight by 1.0% during the 1st quarter. Texas Yale Capital Corp. now owns 10,600 shares of the company’s stock valued at $1,106,000 after purchasing an additional 100 shares during the period. Garner Asset Management Corp lifted its stake in Church & Dwight by 5.1% in the first quarter. Garner Asset Management Corp now owns 2,058 shares of the company’s stock valued at $215,000 after buying an additional 100 shares during the period. Elk River Wealth Management LLC boosted its holdings in shares of Church & Dwight by 0.3% during the 2nd 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 stake in shares of Church & Dwight by 2.4% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 4,942 shares of the company’s stock valued at $516,000 after acquiring an additional 117 shares in the last quarter. Finally, Sovereign Financial Group Inc. boosted its stake in 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 acquiring an additional 120 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

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.