Oppenheimer Raises Church & Dwight (NYSE:CHD) Price Target to $120.00

Church & Dwight (NYSE:CHD) had its price objective boosted by Oppenheimer from $110.00 to $120.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus increased their price target on Church & Dwight from $91.00 to $99.00 and gave the company a hold rating in a report on Monday, February 5th. JPMorgan Chase & Co. upped their price objective on Church & Dwight from $87.00 to $95.00 and gave the stock an underweight rating in a research note on Thursday, January 18th. The Goldman Sachs Group began coverage on Church & Dwight in a research note on Friday, March 1st. They issued a buy rating and a $110.00 price objective for the company. Royal Bank of Canada upped their price objective on Church & Dwight from $94.00 to $103.00 and gave the stock a sector perform rating in a research note on Monday, February 5th. Finally, Truist Financial upped their price objective on Church & Dwight from $105.00 to $110.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $104.07.

Church & Dwight Price Performance

NYSE CHD opened at $107.25 on Tuesday. The business’s fifty day moving average price is $102.74 and its 200-day moving average price is $96.97. The stock has a market capitalization of $26.16 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 3.59 and a beta of 0.53. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.64. Church & Dwight has a 1-year low of $82.25 and a 1-year high of $108.10.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, February 2nd. The company reported $0.65 earnings per share for the quarter, meeting the consensus estimate of $0.65. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Church & Dwight had a return on equity of 20.28% and a net margin of 12.88%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 EPS. On average, equities analysts predict that Church & Dwight will post 3.44 earnings per share for the current year.

Church & Dwight Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were paid a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Wednesday, February 14th. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.27. Church & Dwight’s dividend payout ratio is presently 37.17%.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Rene Hemsey sold 9,280 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the completion of the transaction, the executive vice president now owns 6,373 shares of the company’s stock, valued at approximately $638,702.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Church & Dwight news, Director Penry W. Price sold 7,752 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $98.29, for a total transaction of $761,944.08. Following the completion of the transaction, the director now owns 25,692 shares of the company’s stock, valued at approximately $2,525,266.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rene Hemsey sold 9,280 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the transaction, the executive vice president now directly owns 6,373 shares of the company’s stock, valued at approximately $638,702.06. The disclosure for this sale can be found here. Insiders sold 373,052 shares of company stock valued at $38,603,796 in the last 90 days. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CHD. JPMorgan Chase & Co. lifted its holdings in shares of Church & Dwight by 89.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,027,312 shares of the company’s stock valued at $552,283,000 after acquiring an additional 2,839,783 shares during the last quarter. Norges Bank bought a new position in shares of Church & Dwight in the 4th quarter valued at about $259,967,000. Capital International Investors lifted its holdings in shares of Church & Dwight by 39.2% in the 4th quarter. Capital International Investors now owns 9,004,713 shares of the company’s stock valued at $851,414,000 after acquiring an additional 2,533,877 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Church & Dwight by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock valued at $2,861,865,000 after acquiring an additional 354,946 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Church & Dwight by 26.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,334,950 shares of the company’s stock valued at $126,233,000 after acquiring an additional 277,017 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.

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.