Church & Dwight (NYSE:CHD) Research Coverage Started at BNP Paribas

BNP Paribas initiated coverage on shares of Church & Dwight (NYSE:CHDFree Report) in a research report sent to investors on Monday, MarketBeat Ratings reports. The firm issued a neutral rating and a $114.00 target price on the stock.

CHD has been the subject of a number of other reports. Barclays cut their price target on shares of Church & Dwight from $83.00 to $82.00 and set an underweight rating for the company in a report on Monday, May 6th. Oppenheimer boosted their price objective on Church & Dwight from $110.00 to $120.00 and gave the stock an outperform rating in a report on Tuesday, April 23rd. JPMorgan Chase & Co. dropped their target price on Church & Dwight from $98.00 to $97.00 and set an underweight rating on the stock in a report on Friday, May 3rd. Evercore ISI upped their target price on Church & Dwight from $107.00 to $110.00 and gave the company an in-line rating in a report on Friday, May 3rd. Finally, Bank of America increased their price objective on Church & Dwight from $100.00 to $104.00 and gave the stock a neutral rating in a report on Monday, April 15th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $106.65.

View Our Latest Stock Analysis on CHD

Church & Dwight Stock Performance

Shares of CHD opened at $104.47 on Monday. Church & Dwight has a 1 year low of $82.25 and a 1 year high of $110.31. The company has a market cap of $25.55 billion, a price-to-earnings ratio of 33.17, a price-to-earnings-growth ratio of 3.42 and a beta of 0.51. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 1.33. The firm has a fifty day moving average of $106.77 and a 200-day moving average of $101.80.

Church & Dwight (NYSE:CHDGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.10. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 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 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. As a group, equities analysts anticipate that Church & Dwight will post 3.46 earnings per share for the current year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were given a $0.2838 dividend. 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 is 35.87%.

Insider Activity

In other 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 value 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 $813,479.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Richard A. Dierker sold 86,740 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 7,634 shares in the company, valued at $813,479.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Penry W. Price sold 7,752 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $105.47, for a total value of $817,603.44. Following the completion of the transaction, the director now owns 25,692 shares of the company’s stock, valued at $2,709,735.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 182,346 shares of company stock valued at $19,465,948. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Church & Dwight in the third quarter valued at $714,000. Envestnet Asset Management Inc. boosted its holdings in Church & Dwight by 55.5% during the third quarter. Envestnet Asset Management Inc. now owns 271,233 shares of the company’s stock worth $24,853,000 after buying an additional 96,812 shares during the last quarter. LPL Financial LLC boosted its holdings in Church & Dwight by 2.5% during the third quarter. LPL Financial LLC now owns 120,999 shares of the company’s stock worth $11,087,000 after buying an additional 2,943 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Church & Dwight by 459.2% during the third quarter. Federated Hermes Inc. now owns 5,950 shares of the company’s stock worth $545,000 after buying an additional 4,886 shares during the last quarter. Finally, Operose Advisors LLC boosted its holdings in Church & Dwight by 249.2% during the third quarter. Operose Advisors LLC now owns 2,095 shares of the company’s stock worth $192,000 after buying an additional 1,495 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Church & Dwight (NYSE:CHD)

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