Church & Dwight (NYSE:CHD) Price Target Raised to $89.00

Church & Dwight (NYSE:CHD) had its price target boosted by Barclays from $83.00 to $89.00 in a research report released on Tuesday morning,Benzinga reports. Barclays currently has an underweight rating on the stock.

Other equities research analysts have also issued reports about the company. Citigroup raised their price objective on Church & Dwight from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Church & Dwight in a report on Wednesday, October 14th. JPMorgan Chase & Co. boosted their target price on Church & Dwight from $105.00 to $109.00 and gave the stock a “neutral” rating in a research report on Monday. Royal Bank Of Canada upped their target price on Church & Dwight from $114.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, Morgan Stanley upped their target price on Church & Dwight from $112.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $108.44.

Church & Dwight Stock Down 0.5%

NYSE CHD opened at $111.46 on Tuesday. Church & Dwight has a 12 month low of $81.49 and a 12 month high of $114.64. The company has a market capitalization of $26.31 billion, a P/E ratio of 30.95, a PEG ratio of 3.96 and a beta of 0.45. The company’s 50 day simple moving average is $100.00 and its 200 day simple moving average is $98.08. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.96 and a quick ratio of 0.62.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, October 30th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Church & Dwight had a net margin of 12.41% and a return on equity of 20.28%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $0.81 earnings per share. Equities research analysts expect that Church & Dwight will post 3.77 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be issued a dividend of $0.3075 per share. The ex-dividend date is Friday, November 13th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.1%. Church & Dwight’s payout ratio is currently 37.85%.

Insiders Place Their Bets

In related news, Director Ravichandra Saligram sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $112.69, for a total value of $563,450.00. Following the completion of the sale, the director owned 3,653 shares in the company, valued at approximately $411,656.57. This represents a 57.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bradley Irwin sold 4,300 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $110.36, for a total transaction of $474,548.00. Following the completion of the transaction, the director directly owned 35,674 shares of the company’s stock, valued at $3,936,982.64. This represents a 10.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 141,390 shares of company stock worth $15,252,844 in the last quarter. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Church & Dwight

Hedge funds and other institutional investors have recently modified their holdings of the business. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Church & Dwight during the 2nd quarter worth $25,000. Clearstead Trust LLC acquired a new position in Church & Dwight in the 2nd quarter valued at $33,000. Fulcrum Asset Management LLP raised its holdings in Church & Dwight by 815.8% in the 3rd quarter. Fulcrum Asset Management LLP now owns 348 shares of the company’s stock worth $33,000 after acquiring an additional 310 shares during the period. Field & Main Bank bought a new position in Church & Dwight in the 2nd quarter worth $34,000. Finally, Triumph Capital Management raised its holdings in Church & Dwight by 516.4% in the 3rd quarter. Triumph Capital Management now owns 376 shares of the company’s stock worth $35,000 after acquiring an additional 315 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

Key Stories Impacting Church & Dwight

Here are the key news stories impacting Church & Dwight this week:

• Positive Sentiment: Wells Fargo reiterated its “overweight” rating and raised its target to $115; Morgan Stanley lifted its target to $117, and reports also cite favorable calls from JPMorgan and Citigroup. The analyst optimism follows Church & Dwight’s recent quarterly earnings and revenue beat. Wells Fargo rating
• Neutral Sentiment: Analyst opinion is not uniformly bullish: Morgan Stanley’s higher target came with an “equal weight” rating, and Barclays maintained a “sell” rating. This disagreement tempers the positive target revisions. Barclays rating
• Negative Sentiment: Several company insiders reported selling shares, led by CEO Richard Dierker, who sold 83,340 shares (about $9.1 million), reducing his holdings by 68.31%. EVP Michael Read sold 8,700 shares, and Director Ravichandra Saligram sold 5,000; director Bradley Irwin also recently sold 4,300. The filings do not specify why the shares were sold, but the transactions may create a near-term sentiment headwind. CEO filing EVP filing Director filing

About Church & Dwight

Church & Dwight Co, Inc is a consumer packaged goods company that develops, manufactures and markets household, personal care and specialty products. Its portfolio is anchored by the ARM & HAMMER brand, which is used across products such as baking soda, laundry detergent, cat litter, household cleaners, oral care products and personal care items.

The company also markets a broad range of branded products, including OxiClean laundry and cleaning products, Trojan sexual wellness products, Waterpik oral health devices, First Response pregnancy and fertility tests, Nair hair-removal products, Orajel oral pain relief, TheraBreath oral care products, and vitamins and supplements sold under the Vitafusion and L’il Critters brands.