Church & Dwight (NYSE:CHD) Price Target Raised to $98.00

Church & Dwight (NYSE:CHD) had its price target lifted by JPMorgan Chase & Co. from $97.00 to $98.00 in a research note published on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Several other research firms also recently issued reports on CHD. Morgan Stanley downgraded shares of Church & Dwight from an overweight rating to an equal weight rating and set a $110.00 price target for the company. in a research report on Monday, September 9th. BNP Paribas initiated coverage on shares of Church & Dwight in a research report on Monday, June 24th. They issued a neutral rating and a $114.00 price target for the company. Evercore ISI dropped their price objective on Church & Dwight from $110.00 to $101.00 and set an in-line rating on the stock in a research note on Monday, August 5th. Wells Fargo & Company dropped their price objective on Church & Dwight from $116.00 to $108.00 and set an overweight rating on the stock in a research note on Monday, August 5th. Finally, Barclays raised their price objective on Church & Dwight from $80.00 to $82.00 and gave the company an underweight rating in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Church & Dwight presently has a consensus rating of Hold and a consensus price target of $107.50.

Church & Dwight Stock Performance

Shares of CHD stock opened at $101.61 on Friday. The company has a market cap of $24.88 billion, a price-to-earnings ratio of 31.26, a price-to-earnings-growth ratio of 3.71 and a beta of 0.54. Church & Dwight has a 52 week low of $82.25 and a 52 week high of $110.31. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $102.43 and a 200-day moving average of $104.04.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.09. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the firm posted $0.92 EPS. Church & Dwight’s revenue was up 3.9% compared to the same quarter last year. On average, equities analysts forecast that Church & Dwight will post 3.43 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Thursday, August 15th. Church & Dwight’s dividend payout ratio is currently 34.77%.

Insiders Place Their Bets

In other Church & Dwight news, EVP Barry A. Bruno sold 59,328 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the sale, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at $429,179.03. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Church & Dwight

Large investors have recently bought and sold shares of the company. Texas Yale Capital Corp. grew its position in shares of Church & Dwight by 1.0% in the first quarter. Texas Yale Capital Corp. now owns 10,600 shares of the company’s stock valued at $1,106,000 after purchasing an additional 100 shares in the last quarter. Garner Asset Management Corp grew its position in shares of Church & Dwight by 5.1% in the first quarter. Garner Asset Management Corp now owns 2,058 shares of the company’s stock valued at $215,000 after purchasing an additional 100 shares in the last quarter. Elk River Wealth Management LLC grew its position in shares of Church & Dwight by 0.3% in the second quarter. Elk River Wealth Management LLC now owns 34,678 shares of the company’s stock valued at $3,595,000 after purchasing an additional 114 shares in the last quarter. Kingswood Wealth Advisors LLC grew its position in shares of Church & Dwight by 2.4% in the first quarter. Kingswood Wealth Advisors LLC now owns 4,942 shares of the company’s stock valued at $516,000 after purchasing an additional 117 shares in the last quarter. Finally, Sovereign Financial Group Inc. grew its position in shares of Church & Dwight by 0.7% in the first quarter. Sovereign Financial Group Inc. now owns 17,436 shares of the company’s stock valued at $1,819,000 after purchasing an additional 120 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 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.