Church & Dwight (CHD) PT Raised to $66.00

Church & Dwight (NYSE:CHD) had its price objective increased by Citigroup from $60.00 to $66.00 in a research note issued to investors on Friday, November 2nd. The firm currently has a neutral rating on the stock.

CHD has been the topic of a number of other research reports. Morgan Stanley upped their target price on shares of Church & Dwight from $46.00 to $50.00 and gave the company an underweight rating in a research note on Friday, August 3rd. Royal Bank of Canada upped their target price on shares of Church & Dwight to $60.00 and gave the company a fair value rating in a research note on Friday, August 3rd. BMO Capital Markets increased their price objective on shares of Church & Dwight from $55.00 to $62.00 and gave the stock a hold rating in a research note on Friday, November 2nd. Zacks Investment Research lowered shares of Church & Dwight from a hold rating to a sell rating in a research note on Wednesday, October 3rd. Finally, Jefferies Financial Group increased their price objective on shares of Church & Dwight from $65.00 to $68.00 and gave the stock a buy rating in a research note on Monday, October 29th. Five 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. Church & Dwight currently has a consensus rating of Hold and a consensus price target of $58.88.

Shares of Church & Dwight stock traded up $1.12 during trading on Friday, reaching $65.55. The company had a trading volume of 2,491,840 shares, compared to its average volume of 2,288,288. The firm has a market cap of $16.28 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 2.87 and a beta of 0.31. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.55 and a current ratio of 0.93. Church & Dwight has a fifty-two week low of $43.96 and a fifty-two week high of $67.93.

Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, November 1st. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Church & Dwight had a net margin of 20.25% and a return on equity of 25.00%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 EPS. On average, equities analysts predict that Church & Dwight will post 2.28 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th will be given a $0.2175 dividend. This represents a $0.87 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, November 14th. Church & Dwight’s dividend payout ratio (DPR) is 44.85%.

In other Church & Dwight news, Director Robert D. Leblanc sold 17,544 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $55.90, for a total value of $980,709.60. Following the completion of the transaction, the director now owns 66,903 shares in the company, valued at approximately $3,739,877.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James Craigie sold 300,000 shares of the company’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $66.43, for a total transaction of $19,929,000.00. Following the completion of the transaction, the director now owns 327,577 shares of the company’s stock, valued at approximately $21,760,940.11. The disclosure for this sale can be found here. In the last 90 days, insiders sold 650,082 shares of company stock valued at $39,909,666. 2.00% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC boosted its holdings in shares of Church & Dwight by 24.0% in the second quarter. Global Retirement Partners LLC now owns 9,124 shares of the company’s stock valued at $485,000 after acquiring an additional 1,765 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings in shares of Church & Dwight by 37.1% in the second quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock valued at $94,731,000 after acquiring an additional 482,109 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in shares of Church & Dwight by 51.8% in the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 13,041 shares of the company’s stock valued at $774,000 after acquiring an additional 4,450 shares in the last quarter. Centaurus Financial Inc. bought a new position in shares of Church & Dwight in the second quarter valued at approximately $164,000. Finally, Castleark Management LLC bought a new position in shares of Church & Dwight in the second quarter valued at approximately $320,000. Hedge funds and other institutional investors own 85.19% of the company’s stock.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products 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; and water flossers and replacement showerheads under the WATERPIK brand.

Further Reading: Cash Flow

Analyst Recommendations for Church & Dwight (NYSE:CHD)

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