Church & Dwight (NYSE:CHD) Given New $94.00 Price Target at Barclays

Church & Dwight (NYSE:CHD) had its price objective reduced by Barclays from $97.00 to $94.00 in a research note issued to investors on Friday,Benzinga reports. Barclays currently has an underweight rating on the stock.

A number of other analysts have also issued reports on the stock. Stifel Nicolaus increased their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research report on Monday, February 3rd. Truist Financial increased their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Piper Sandler lowered their price target on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. cut their price objective on Church & Dwight from $106.00 to $98.00 and set an “underweight” rating for the company in a report on Friday. Finally, Wells Fargo & Company boosted their target price on Church & Dwight from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Church & Dwight has a consensus rating of “Hold” and a consensus price target of $111.44.

Church & Dwight Trading Up 0.5 %

Church & Dwight stock opened at $104.24 on Friday. Church & Dwight has a 52 week low of $96.35 and a 52 week high of $116.46. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. The firm has a market capitalization of $25.65 billion, a price-to-earnings ratio of 43.98, a P/E/G ratio of 3.32 and a beta of 0.55. The company has a 50 day moving average price of $107.28 and a 200 day moving average price of $106.07.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting 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 previous year, the firm earned $0.65 earnings per share. Research analysts forecast that Church & Dwight will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 1.13%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 14th. Church & Dwight’s dividend payout ratio is 49.79%.

Insider Transactions at Church & Dwight

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

Institutional Investors Weigh In On Church & Dwight

Several hedge funds have recently made changes to their positions in CHD. YANKCOM Partnership acquired a new position in Church & Dwight in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc boosted its stake in Church & Dwight by 224.4% during the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after buying an additional 184 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in Church & Dwight in the 4th quarter valued at $40,000. Bank of Jackson Hole Trust acquired a new position in shares of Church & Dwight in the 4th quarter valued at $43,000. Finally, Banque Transatlantique SA bought a new position in shares of Church & Dwight during the 4th quarter worth about $46,000. Institutional investors own 86.60% of the company’s stock.

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.