Evercore ISI Raises Church & Dwight (NYSE:CHD) Price Target to $110.00

Church & Dwight (NYSE:CHD) had its target price hoisted by Evercore ISI from $107.00 to $110.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an in-line rating on the stock.

A number of other analysts also recently issued reports on CHD. 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 research report on Friday. Oppenheimer raised their target price on shares of Church & Dwight from $110.00 to $120.00 and gave the company an outperform rating in a research note on Tuesday, April 23rd. The Goldman Sachs Group began coverage on Church & Dwight in a research report on Friday, March 1st. They set a buy rating and a $110.00 price target on the stock. Barclays boosted their price target on Church & Dwight from $80.00 to $83.00 and gave the company an underweight rating in a report on Friday, April 12th. Finally, Royal Bank of Canada boosted their price target on shares of Church & Dwight from $94.00 to $103.00 and gave the stock a sector perform rating in a research report on Monday, February 5th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $105.56.

Church & Dwight Stock Down 0.7 %

Shares of CHD opened at $105.41 on Friday. Church & Dwight has a fifty-two week low of $82.25 and a fifty-two week high of $108.68. The company’s fifty day moving average is $103.78 and its two-hundred day moving average is $97.99. The firm has a market cap of $25.77 billion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 3.53 and a beta of 0.51. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54.

Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the company posted $0.85 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts forecast that Church & Dwight will post 3.46 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be given a $0.2838 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.08%. Church & Dwight’s dividend payout ratio is currently 35.87%.

Insider Activity

In related news, CEO Matthew Farrell sold 275,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $103.83, for a total value of $28,553,250.00. Following the completion of the transaction, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,703,613.77. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Richard A. Dierker sold 24,380 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $103.61, for a total value of $2,526,011.80. Following the completion of the transaction, the chief financial officer now directly owns 7,634 shares of the company’s stock, valued at approximately $790,958.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew Farrell sold 275,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $103.83, for a total value of $28,553,250.00. Following the transaction, the chief executive officer now owns 112,719 shares of the company’s stock, valued at approximately $11,703,613.77. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 373,052 shares of company stock worth $38,603,796. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

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

About Church & Dwight

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.