Barclays Cuts Church & Dwight (NYSE:CHD) Price Target to $82.00

Church & Dwight (NYSE:CHD) had its price objective cut by Barclays from $83.00 to $82.00 in a research note issued to investors on Monday, Benzinga reports. They currently have an underweight rating on the stock.

Other equities analysts also recently issued research reports about the company. HSBC boosted their target price on Church & Dwight from $110.00 to $114.00 and gave the stock a hold rating in a research note on Friday, May 3rd. Truist Financial upped their price objective on Church & Dwight from $110.00 to $115.00 and gave the company a buy rating in a research note on Friday, May 3rd. Oppenheimer upped their price objective on Church & Dwight from $110.00 to $120.00 and gave the company an outperform rating in a research note on Tuesday, April 23rd. Bank of America increased their target price on Church & Dwight from $100.00 to $104.00 and gave the stock a neutral rating in a research report on Monday, April 15th. Finally, The Goldman Sachs Group assumed coverage on Church & Dwight in a research report on Friday, March 1st. They set a buy rating and a $110.00 target price on the stock. 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 to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $105.56.

Church & Dwight Stock Performance

Shares of Church & Dwight stock opened at $106.79 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.82. The business has a 50-day simple moving average of $103.92 and a 200 day simple moving average of $98.11. The firm has a market capitalization of $26.11 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 3.47 and a beta of 0.51. Church & Dwight has a one year low of $82.25 and a one year high of $108.68.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 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 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. On average, research analysts anticipate that Church & Dwight will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, May 14th. Church & Dwight’s payout ratio is 35.87%.

Insider Activity

In related news, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Michael Read sold 4,500 shares of the company’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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Richard A. Dierker sold 24,380 shares of the 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 in the company, valued at $790,958.74. The disclosure for this sale can be found here. Insiders sold a total of 371,524 shares of company stock valued at $38,491,358 in the last 90 days. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Church & Dwight

Institutional investors have recently bought and sold shares of the company. Simplicity Solutions LLC boosted its stake in Church & Dwight by 69.5% in the fourth quarter. Simplicity Solutions LLC now owns 26,257 shares of the company’s stock valued at $2,483,000 after acquiring an additional 10,762 shares in the last quarter. Crown Oak Advisors LLC acquired a new position in shares of Church & Dwight in the 4th quarter valued at $10,142,000. abrdn plc raised its stake in Church & Dwight by 35.0% in the 4th quarter. abrdn plc now owns 281,416 shares of the company’s stock worth $26,611,000 after acquiring an additional 73,022 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Church & Dwight by 290.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 56,221 shares of the company’s stock worth $5,316,000 after acquiring an additional 41,804 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Church & Dwight by 6.2% in the 4th quarter. Russell Investments Group Ltd. now owns 185,243 shares of the company’s stock worth $17,508,000 after acquiring an additional 10,775 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

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.