HSBC Raises Church & Dwight (NYSE:CHD) Price Target to $114.00

Church & Dwight (NYSE:CHD) had its price target increased by HSBC from $110.00 to $114.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a hold rating on the stock.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of Church & Dwight from $98.00 to $97.00 and set an underweight rating on the stock in a research report on Friday. UBS Group boosted their price objective on Church & Dwight from $99.00 to $105.00 and gave the stock a neutral rating in a report on Monday, February 5th. Evercore ISI boosted their price objective on Church & Dwight from $107.00 to $110.00 and gave the stock an in-line rating in a report on Friday. Stifel Nicolaus boosted their price objective on Church & Dwight from $91.00 to $99.00 and gave the stock a hold rating in a report on Monday, February 5th. Finally, Bank of America boosted their price objective on Church & Dwight from $100.00 to $104.00 and gave the stock a neutral rating in a report on Monday, April 15th. Three investment 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 MarketBeat.com, Church & Dwight has an average rating of Hold and an average price target of $105.56.

Church & Dwight Stock Down 0.7 %

Shares of NYSE:CHD opened at $105.41 on Friday. Church & Dwight has a 52 week low of $82.25 and a 52 week high of $108.68. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 1.33. The company’s fifty day moving average is $103.78 and its 200-day moving average is $97.99. The company has a market capitalization of $25.77 billion, a PE ratio of 33.46, a P/E/G ratio of 3.53 and a beta of 0.51.

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

Church & Dwight Announces Dividend

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

Insider Buying and Selling

In related news, EVP Barry A. Bruno sold 9,926 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the completion of the sale, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Church & Dwight news, CEO Matthew Farrell sold 275,000 shares of the company’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 transaction of $28,553,250.00. Following the completion of the transaction, the chief executive officer now owns 112,719 shares of the company’s stock, valued at approximately $11,703,613.77. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Barry A. Bruno sold 9,926 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The disclosure for this sale can be found here. In the last three months, insiders sold 373,052 shares of company stock valued at $38,603,796. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Church & Dwight

A number of large investors have recently bought and sold shares of the company. Simplicity Solutions LLC boosted its holdings in shares of Church & Dwight by 69.5% in the 4th quarter. Simplicity Solutions LLC now owns 26,257 shares of the company’s stock valued at $2,483,000 after buying an additional 10,762 shares during the last quarter. abrdn plc boosted its holdings in shares of Church & Dwight by 35.0% in the 4th quarter. abrdn plc now owns 281,416 shares of the company’s stock valued at $26,611,000 after buying an additional 73,022 shares during the last quarter. Crown Oak Advisors LLC acquired a new stake in shares of Church & Dwight in the 4th quarter valued at approximately $10,142,000. Assenagon Asset Management S.A. boosted its holdings in shares of Church & Dwight by 290.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 56,221 shares of the company’s stock valued at $5,316,000 after buying an additional 41,804 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Church & Dwight by 6.2% in the 4th quarter. Russell Investments Group Ltd. now owns 185,243 shares of the company’s stock valued at $17,508,000 after buying an additional 10,775 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

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.