Church & Dwight (NYSE:CHD) Given New $97.00 Price Target at Barclays

Church & Dwight (NYSE:CHD) had its price objective raised by Barclays from $93.00 to $97.00 in a research note released on Thursday morning,Benzinga reports. They currently have an underweight rating on the stock.

Other equities analysts also recently issued research reports about the stock. Truist Financial boosted their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Piper Sandler decreased their price target on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Stifel Nicolaus raised their price objective on Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $105.00 price target on shares of Church & Dwight in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $111.81.

Church & Dwight Stock Up 2.1 %

Shares of CHD stock opened at $108.50 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. Church & Dwight has a one year low of $96.35 and a one year high of $116.46. The company’s fifty day moving average price is $107.60 and its 200-day moving average price is $105.91. The company has a market capitalization of $26.70 billion, a price-to-earnings ratio of 45.78, a PEG ratio of 3.32 and a beta of 0.57.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same period in the prior year, the business earned $0.65 EPS. Sell-side analysts expect that Church & Dwight will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.295 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.18 annualized dividend and a dividend yield of 1.09%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio is currently 49.79%.

Insider Activity at Church & Dwight

In related news, EVP Rene Hemsey sold 11,060 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the completion of the sale, the executive vice president now directly owns 6,437 shares of the company’s stock, valued at approximately $707,941.26. This trade represents a 63.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the completion of the transaction, the executive vice president now directly owns 10,497 shares in the company, valued at $1,217,442.06. This trade represents a 83.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,570 shares of company stock worth $7,538,449. Insiders own 2.00% of the company’s stock.

Institutional Trading of Church & Dwight

Large investors have recently made changes to their positions in the stock. Board of the Pension Protection Fund purchased a new stake in Church & Dwight in the 4th quarter valued at about $639,000. Oddo BHF Asset Management Sas bought a new stake in shares of Church & Dwight during the third quarter valued at approximately $5,934,000. American Century Companies Inc. increased its holdings in Church & Dwight by 0.5% during the 4th quarter. American Century Companies Inc. now owns 1,426,177 shares of the company’s stock worth $149,335,000 after purchasing an additional 6,425 shares during the period. Financial Enhancement Group LLC increased its holdings in Church & Dwight by 456.2% during the 4th quarter. Financial Enhancement Group LLC now owns 60,585 shares of the company’s stock worth $6,232,000 after purchasing an additional 49,693 shares during the period. Finally, Merit Financial Group LLC raised its position in Church & Dwight by 131.0% during the 4th quarter. Merit Financial Group LLC now owns 5,769 shares of the company’s stock valued at $604,000 after purchasing an additional 3,272 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 engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.