Church & Dwight (NYSE:CHD) Price Target Cut to $115.00 by Analysts at Oppenheimer

Church & Dwight (NYSE:CHD) had its target price cut by Oppenheimer from $120.00 to $115.00 in a research report released on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages have also recently commented on CHD. UBS Group boosted their price target on Church & Dwight from $109.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, April 17th. Truist Financial boosted their price target on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Bank of America raised Church & Dwight from a “neutral” rating to a “buy” rating and boosted their price target for the company from $112.00 to $125.00 in a research note on Tuesday, April 15th. Wells Fargo & Company increased their price target on Church & Dwight from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, April 2nd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $105.00 price objective on shares of Church & Dwight in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $112.29.

Church & Dwight Price Performance

NYSE CHD opened at $99.44 on Monday. The stock’s 50-day moving average price is $106.51 and its two-hundred day moving average price is $106.07. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The company has a market cap of $24.47 billion, a PE ratio of 41.96, a PEG ratio of 3.32 and a beta of 0.55. Church & Dwight has a 1 year low of $96.35 and a 1 year high of $116.46.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share (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 quarter in the prior year, the firm posted $0.65 EPS. On average, analysts predict that Church & Dwight will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.19%. Church & Dwight’s dividend payout ratio (DPR) is presently 49.79%.

Insider Buying and Selling at Church & Dwight

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the transaction, the executive vice president now directly owns 10,497 shares in the company, valued at approximately $1,217,442.06. This represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders have sold a total of 65,570 shares of company stock worth $7,538,449 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Church & Dwight

A number of institutional investors and hedge funds have recently modified their holdings of the business. Genus Capital Management Inc. raised its stake in shares of Church & Dwight by 250.9% during the first quarter. Genus Capital Management Inc. now owns 31,550 shares of the company’s stock worth $3,473,000 after buying an additional 52,460 shares during the last quarter. State of Michigan Retirement System raised its stake in shares of Church & Dwight by 0.5% during the first quarter. State of Michigan Retirement System now owns 66,751 shares of the company’s stock worth $7,349,000 after buying an additional 300 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Church & Dwight by 2.0% during the first quarter. Cerity Partners LLC now owns 52,069 shares of the company’s stock worth $5,732,000 after buying an additional 1,041 shares during the last quarter. First Interstate Bank raised its stake in shares of Church & Dwight by 5.3% during the first quarter. First Interstate Bank now owns 3,662 shares of the company’s stock worth $403,000 after buying an additional 184 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Church & Dwight by 2.3% during the first quarter. Nisa Investment Advisors LLC now owns 73,567 shares of the company’s stock worth $8,099,000 after buying an additional 1,623 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

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.