HSBC Raises Church & Dwight (NYSE:CHD) Price Target to $114.00

Church & Dwight (NYSE:CHD) had its target price lifted by HSBC from $110.00 to $114.00 in a research report released on Friday morning, Benzinga reports. The firm currently has a hold rating on the stock.

A number of other brokerages have also recently weighed in on CHD. Bank of America raised their price objective on Church & Dwight from $100.00 to $104.00 and gave the company a neutral rating in a report on Monday, April 15th. The Goldman Sachs Group began coverage on Church & Dwight in a research report on Friday, March 1st. They set a buy rating and a $110.00 price target on the stock. Stifel Nicolaus raised their price target on Church & Dwight from $91.00 to $99.00 and gave the stock a hold rating in a research report on Monday, February 5th. Deutsche Bank Aktiengesellschaft raised their price target on Church & Dwight from $109.00 to $112.00 and gave the stock a buy rating in a research report on Monday, April 22nd. Finally, Argus upgraded Church & Dwight from a hold rating to a buy rating and set a $115.00 price target on the stock in a research report on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $105.56.

Church & Dwight Stock Performance

Shares of NYSE CHD opened at $105.41 on Friday. The stock has a market cap of $25.77 billion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 3.53 and a beta of 0.51. The company has a current ratio of 1.33, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54. Church & Dwight has a 1-year low of $82.25 and a 1-year high of $108.68. The stock’s 50-day moving average is $103.78 and its 200 day moving average is $97.99.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. The company 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%. Church & Dwight’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $0.85 EPS. On average, sell-side analysts anticipate that Church & Dwight will post 3.46 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be given a dividend of $0.2838 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.14 annualized dividend and a dividend yield of 1.08%. Church & Dwight’s dividend payout ratio is presently 35.87%.

Insider Activity at Church & Dwight

In other Church & Dwight news, CFO Richard A. Dierker sold 24,380 shares of Church & Dwight stock in a transaction on 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 transaction, the chief financial officer now owns 7,634 shares in the company, valued at $790,958.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Richard A. Dierker sold 24,380 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $103.61, for a total value of $2,526,011.80. Following the completion of the transaction, the chief financial officer now owns 7,634 shares in the company, valued at $790,958.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Read sold 4,500 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $105.00, for a total value of $472,500.00. The disclosure for this sale can be found here. Insiders have sold 373,052 shares of company stock worth $38,603,796 over the last ninety days. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of Church & Dwight

A number of hedge funds have recently bought and sold shares of CHD. Game Plan Financial Advisors LLC bought a new stake in Church & Dwight during the first quarter valued at about $26,000. Chilton Capital Management LLC grew its holdings in Church & Dwight by 50.0% during the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock valued at $31,000 after purchasing an additional 110 shares during the period. Roble Belko & Company Inc bought a new stake in Church & Dwight during the first quarter valued at about $31,000. Creekmur Asset Management LLC bought a new position in shares of Church & Dwight in the fourth quarter worth about $32,000. Finally, Annapolis Financial Services LLC boosted its stake in shares of Church & Dwight by 2,087.5% in the fourth quarter. Annapolis Financial Services LLC now owns 350 shares of the company’s stock worth $33,000 after acquiring 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.