Truist Financial Increases Church & Dwight (NYSE:CHD) Price Target to $115.00

Church & Dwight (NYSE:CHD) had its price target boosted by Truist Financial from $110.00 to $115.00 in a report issued on Friday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other research firms also recently weighed in on CHD. Bank of America lifted their price target on shares of Church & Dwight from $100.00 to $104.00 and gave the company a neutral rating in a research note on Monday, April 15th. JPMorgan Chase & Co. upped their target price on Church & Dwight from $87.00 to $95.00 and gave the stock an underweight rating in a report on Thursday, January 18th. Royal Bank of Canada upped their target price on Church & Dwight from $94.00 to $103.00 and gave the stock a sector perform rating in a report on Monday, February 5th. The Goldman Sachs Group assumed coverage on Church & Dwight in a report on Friday, March 1st. They set a buy rating and a $110.00 target price for the company. Finally, Stifel Nicolaus upped their target price on Church & Dwight from $91.00 to $99.00 and gave the stock a hold rating in a report on Monday, February 5th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $105.63.

Church & Dwight Trading Up 0.2 %

CHD opened at $106.11 on Friday. Church & Dwight has a 12 month low of $82.25 and a 12 month high of $108.68. The stock has a 50-day moving average of $103.68 and a 200 day moving average of $97.88. The firm has a market cap of $25.88 billion, a P/E ratio of 33.69, a P/E/G ratio of 3.55 and a beta of 0.51. The company has a current ratio of 1.33, a quick ratio of 0.64 and a debt-to-equity ratio of 0.54.

Church & Dwight (NYSE:CHD) last announced its earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.10. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, research analysts forecast that Church & Dwight will post 3.46 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be given a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Tuesday, May 14th. Church & Dwight’s payout ratio is 35.87%.

Insider Activity at Church & Dwight

In related news, EVP Michael Read sold 4,500 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $105.00, for a total value of $472,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Church & Dwight news, EVP Michael Read sold 4,500 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $105.00, for a total transaction of $472,500.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Barry A. Bruno sold 9,926 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total value of $1,037,763.30. Following the sale, the executive vice president now directly owns 4,319 shares in the company, valued at $451,551.45. The disclosure for this sale can be found here. Insiders have sold a total of 373,052 shares of company stock valued at $38,603,796 in the last ninety days. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Church & Dwight

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of Church & Dwight by 89.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,027,312 shares of the company’s stock valued at $552,283,000 after acquiring an additional 2,839,783 shares during the period. Norges Bank acquired a new stake in shares of Church & Dwight during the 4th quarter valued at about $259,967,000. Capital International Investors grew its position in shares of Church & Dwight by 39.2% during the 4th quarter. Capital International Investors now owns 9,004,713 shares of the company’s stock valued at $851,414,000 after acquiring an additional 2,533,877 shares during the period. Vanguard Group Inc. grew its position in shares of Church & Dwight by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock valued at $2,861,865,000 after acquiring an additional 354,946 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Church & Dwight by 26.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,334,950 shares of the company’s stock valued at $126,233,000 after acquiring an additional 277,017 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.

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.