Brokerages Set Church & Dwight Co., Inc. (NYSE:CHD) PT at $108.29

Shares of Church & Dwight Co., Inc. (NYSE:CHD) have earned an average rating of “Hold” from the fifteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $108.29.

A number of analysts have recently weighed in on CHD shares. TD Cowen lowered Church & Dwight from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a research report on Tuesday, May 6th. Bank of America raised Church & Dwight from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $112.00 to $125.00 in a research report on Tuesday, April 15th. Evercore ISI cut their price objective on Church & Dwight from $106.00 to $102.00 and set an “in-line” rating on the stock in a research report on Friday, May 2nd. Barclays cut their price objective on Church & Dwight from $94.00 to $84.00 and set an “underweight” rating on the stock in a research report on Friday, May 2nd. Finally, Royal Bank Of Canada raised Church & Dwight from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $100.00 to $114.00 in a research report on Monday, June 2nd.

Insider Buying and Selling

In other Church & Dwight news, EVP Carlen Hooker sold 6,380 shares of the company’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $98.30, for a total value of $627,154.00. Following the completion of the transaction, the executive vice president now owns 262 shares in the company, valued at $25,754.60. This represents a 96.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael Read acquired 3,000 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was bought at an average price of $92.07 per share, with a total value of $276,210.00. Following the purchase, the executive vice president now directly owns 5,505 shares of the company’s stock, valued at $506,845.35. This represents a 119.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 50,575 shares of company stock worth $4,910,586. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Church & Dwight

Several large investors have recently bought and sold shares of CHD. Norges Bank acquired a new position in Church & Dwight in the fourth quarter valued at $318,532,000. JPMorgan Chase & Co. boosted its stake in Church & Dwight by 19.4% in the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company’s stock valued at $768,157,000 after acquiring an additional 1,190,154 shares in the last quarter. Nuveen LLC acquired a new position in Church & Dwight in the first quarter valued at $106,736,000. GAMMA Investing LLC boosted its stake in Church & Dwight by 12,489.8% in the first quarter. GAMMA Investing LLC now owns 861,895 shares of the company’s stock valued at $94,886,000 after acquiring an additional 855,049 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Church & Dwight by 2.4% during the first quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company’s stock worth $3,461,410,000 after buying an additional 750,575 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Stock Down 0.1%

Shares of NYSE CHD opened at $94.84 on Wednesday. The firm has a market cap of $23.36 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 3.81 and a beta of 0.52. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.48. Church & Dwight has a 52-week low of $90.99 and a 52-week high of $116.46. The business’s 50 day moving average is $96.85 and its two-hundred day moving average is $103.08.

Church & Dwight (NYSE:CHD) last announced its earnings results on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.52 billion. Church & Dwight had a return on equity of 19.28% and a net margin of 9.52%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.96 earnings per share. Research analysts predict that Church & Dwight will post 3.7 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were paid a dividend of $0.295 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.24%. Church & Dwight’s payout ratio is currently 50.64%.

About Church & Dwight

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.