Church & Dwight (NYSE:CHD) Given New $110.00 Price Target at Citigroup

Church & Dwight (NYSE:CHD) had its target price upped by equities research analysts at Citigroup from $105.00 to $110.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup‘s target price would suggest a potential downside of 0.30% from the company’s previous close.

Several other analysts have also commented on the stock. Wall Street Zen raised shares of Church & Dwight from a “sell” rating to a “hold” rating in a research note on Saturday, October 10th. Jefferies Financial Group restated a “buy” rating and set a $115.00 target price on shares of Church & Dwight in a report on Monday, August 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Church & Dwight in a research report on Wednesday, October 14th. UBS Group reaffirmed a “neutral” rating and issued a $106.00 price target on shares of Church & Dwight in a report on Thursday, October 15th. Finally, Morgan Stanley increased their price objective on Church & Dwight from $112.00 to $117.00 and gave the company an “equal weight” rating in a research report on Monday. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Church & Dwight has a consensus rating of “Hold” and a consensus target price of $106.56.

Church & Dwight Price Performance

Church & Dwight stock traded up $3.10 during midday trading on Monday, hitting $110.33. The company’s stock had a trading volume of 901,549 shares, compared to its average volume of 2,064,674. The company has a quick ratio of 0.62, a current ratio of 0.96 and a debt-to-equity ratio of 0.40. The stock’s 50-day moving average price is $99.27 and its 200-day moving average price is $97.66. Church & Dwight has a 12 month low of $81.49 and a 12 month high of $111.23. The company has a market capitalization of $26.17 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 3.83 and a beta of 0.45.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, October 30th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. Church & Dwight had a net margin of 12.41% and a return on equity of 20.28%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the firm posted $0.81 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Analysts anticipate that Church & Dwight will post 3.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Carlos Linares sold 15,375 shares of Church & Dwight stock in a transaction on Monday, August 24th. The stock was sold at an average price of $102.00, for a total transaction of $1,568,250.00. Following the transaction, the executive vice president owned 4,668 shares in the company, valued at approximately $476,136. The trade was a 76.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Arthur Winkleblack sold 13,200 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $102.83, for a total value of $1,357,356.00. Following the transaction, the director directly owned 7,129 shares in the company, valued at $733,075.07. The trade was a 64.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 53,250 shares of company stock worth $5,462,048. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Church & Dwight

Several institutional investors and hedge funds have recently bought and sold shares of the business. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Church & Dwight in the second quarter worth approximately $25,000. Clearstead Trust LLC purchased a new position in Church & Dwight during the second quarter valued at approximately $33,000. Field & Main Bank purchased a new position in Church & Dwight during the second quarter valued at approximately $34,000. Triumph Capital Management grew its position in Church & Dwight by 516.4% during the third quarter. Triumph Capital Management now owns 376 shares of the company’s stock valued at $35,000 after purchasing an additional 315 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. increased its stake in Church & Dwight by 176.1% in the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 392 shares of the company’s stock valued at $37,000 after buying an additional 250 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

About Church & Dwight

Church & Dwight Co, Inc is a consumer packaged goods company that develops, manufactures and markets household, personal care and specialty products. Its portfolio is anchored by the ARM & HAMMER brand, which is used across products such as baking soda, laundry detergent, cat litter, household cleaners, oral care products and personal care items.

The company also markets a broad range of branded products, including OxiClean laundry and cleaning products, Trojan sexual wellness products, Waterpik oral health devices, First Response pregnancy and fertility tests, Nair hair-removal products, Orajel oral pain relief, TheraBreath oral care products, and vitamins and supplements sold under the Vitafusion and L’il Critters brands.