Church & Dwight (NYSE:CHD) PT Raised to $104.00 at Bank of America

Church & Dwight (NYSE:CHD) had its price objective boosted by Bank of America from $100.00 to $104.00 in a research note issued to investors on Monday, Benzinga reports. Bank of America currently has a neutral rating on the stock.

CHD has been the subject of several other reports. TheStreet upgraded shares of Church & Dwight from a c+ rating to a b rating in a report on Friday, February 2nd. UBS Group raised their price target on shares of Church & Dwight from $99.00 to $105.00 and gave the stock a neutral rating in a report on Monday, February 5th. Stifel Nicolaus raised their price target on shares of Church & Dwight from $91.00 to $99.00 and gave the stock a hold rating in a report on Monday, February 5th. Truist Financial raised their price target on shares of Church & Dwight from $105.00 to $110.00 and gave the stock a buy rating in a report on Wednesday, February 7th. Finally, Royal Bank of Canada raised their price target on shares of Church & Dwight from $94.00 to $103.00 and gave the stock a sector perform rating in a report on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $103.27.

Church & Dwight Stock Performance

Church & Dwight stock opened at $103.20 on Monday. The firm’s 50 day simple moving average is $101.90 and its 200-day simple moving average is $96.41. The company has a market cap of $25.17 billion, a P/E ratio of 33.95, a price-to-earnings-growth ratio of 3.43 and a beta of 0.53. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.64. Church & Dwight has a fifty-two week low of $82.25 and a fifty-two week high of $105.67.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, February 2nd. The company reported $0.65 earnings per share for the quarter, hitting the consensus estimate of $0.65. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $0.62 earnings per share. As a group, equities research analysts predict that Church & Dwight will post 3.44 EPS for the current year.

Church & Dwight Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were given a $0.2838 dividend. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, February 14th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.10%. Church & Dwight’s dividend payout ratio (DPR) is currently 37.17%.

Insider Activity

In other news, EVP Barry A. Bruno sold 9,926 shares of Church & Dwight stock in a transaction that occurred on Wednesday, March 13th. The shares were 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 owns 4,319 shares of the company’s stock, valued at $451,551.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Michael Read sold 4,500 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $105.00, for a total transaction of $472,500.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Barry A. Bruno sold 9,926 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $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 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Church & Dwight

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Church & Dwight by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock worth $2,861,865,000 after acquiring an additional 354,946 shares during the period. Capital International Investors raised its stake in shares of 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 buying an additional 2,533,877 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Church & Dwight by 2.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,200,426 shares of the company’s stock valued at $751,405,000 after buying an additional 217,047 shares in the last quarter. Moneta Group Investment Advisors LLC raised its stake in shares of Church & Dwight by 106,565.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 6,688,996 shares of the company’s stock valued at $539,200,000 after buying an additional 6,682,725 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Church & Dwight by 89.1% in the 3rd 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. Institutional investors own 86.60% of the company’s stock.

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.