Church & Dwight (NYSE:CHD) Given New $108.00 Price Target at Wells Fargo & Company

Church & Dwight (NYSE:CHD) had its price target lowered by Wells Fargo & Company from $116.00 to $108.00 in a research note published on Monday, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research firms also recently issued reports on CHD. Evercore ISI boosted their price objective on Church & Dwight from $107.00 to $110.00 and gave the company an in-line rating in a report on Friday, May 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 report on Friday, May 3rd. HSBC boosted their price target on shares of Church & Dwight from $110.00 to $114.00 and gave the stock a hold rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. increased their price objective on Church & Dwight from $97.00 to $101.00 and gave the company an underweight rating in a research note on Monday, July 22nd. Finally, TD Cowen initiated coverage on Church & Dwight in a report on Tuesday, July 23rd. They set a buy rating and a $116.00 price target on the stock. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Church & Dwight currently has an average rating of Hold and a consensus price target of $106.58.

Church & Dwight Stock Up 0.6 %

Shares of CHD opened at $102.21 on Monday. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. The firm has a market cap of $25.02 billion, a P/E ratio of 32.45, a price-to-earnings-growth ratio of 3.39 and a beta of 0.52. The company’s 50-day moving average price is $104.42 and its 200 day moving average price is $103.48. Church & Dwight has a 12-month low of $82.25 and a 12-month high of $110.31.

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

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, August 15th. Church & Dwight’s payout ratio is 35.87%.

Insider Activity

In other news, EVP Barry A. Bruno sold 59,328 shares of the stock in a transaction that occurred 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Barry A. Bruno sold 59,328 shares of the company’s stock in a transaction on Monday, August 5th. The shares were 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 owns 4,319 shares in the company, valued at approximately $429,179.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $107.67, for a total transaction of $2,153,400.00. Following the transaction, the director now directly owns 13,793 shares in the company, valued at $1,485,092.31. The disclosure for this sale can be found here. In the last three months, insiders sold 220,722 shares of company stock valued at $23,139,816. Insiders own 2.00% of the company’s stock.

Institutional Trading of Church & Dwight

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHD. Texas Yale Capital Corp. grew its position in Church & Dwight by 1.0% in the 1st quarter. Texas Yale Capital Corp. now owns 10,600 shares of the company’s stock valued at $1,106,000 after buying an additional 100 shares during the last quarter. Garner Asset Management Corp boosted its holdings 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 acquiring an additional 100 shares in the last quarter. Elk River Wealth Management LLC increased its stake in shares of Church & Dwight by 0.3% during the second quarter. Elk River Wealth Management LLC now owns 34,678 shares of the company’s stock worth $3,595,000 after acquiring an additional 114 shares during the period. Kingswood Wealth Advisors LLC raised its holdings in Church & Dwight by 2.4% during the first quarter. Kingswood Wealth Advisors LLC now owns 4,942 shares of the company’s stock worth $516,000 after purchasing an additional 117 shares in the last quarter. Finally, Sovereign Financial Group Inc. lifted its position in 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 during the period. 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.