Barclays Cuts Church & Dwight (NYSE:CHD) Price Target to $85.00

Church & Dwight (NYSE:CHD) had its price target cut by Barclays from $86.00 to $85.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an underweight rating on the stock.

Other analysts have also issued reports about the company. Stifel Nicolaus lowered their price objective on Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price target on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Monday. Truist Financial decreased their price target on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, August 5th. Wells Fargo & Company increased their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, TD Cowen lifted their target price on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research note on Monday. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $108.05.

Church & Dwight Trading Up 1.0 %

Church & Dwight stock traded up $1.08 during midday trading on Tuesday, reaching $104.99. The stock had a trading volume of 77,240 shares, compared to its average volume of 1,380,353. The stock’s 50-day simple moving average is $103.01 and its 200 day simple moving average is $104.02. Church & Dwight has a twelve month low of $88.46 and a twelve month high of $110.31. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. The stock has a market capitalization of $25.72 billion, a PE ratio of 46.60, a price-to-earnings-growth ratio of 3.78 and a beta of 0.55.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $0.74 earnings per share. Church & Dwight’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts expect that Church & Dwight will post 3.45 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Friday, November 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 50.67%.

Insider Transactions at Church & Dwight

In related news, CEO Matthew Farrell sold 300,000 shares of Church & Dwight stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total transaction of $31,152,000.00. Following the transaction, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,704,740.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Church & Dwight news, Director Arthur B. Winkleblack sold 11,590 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.84, for a total value of $1,203,505.60. Following the transaction, the director now owns 7,129 shares of the company’s stock, valued at approximately $740,275.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew Farrell sold 300,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total value of $31,152,000.00. Following the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at approximately $11,704,740.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 477,413 shares of company stock valued at $49,440,249. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Church & Dwight

A number of institutional investors have recently bought and sold shares of CHD. Capital International Investors boosted its stake in Church & Dwight by 1.0% in the 1st quarter. Capital International Investors now owns 9,097,575 shares of the company’s stock worth $948,968,000 after purchasing an additional 92,862 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Church & Dwight by 2.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,586,482 shares of the company’s stock valued at $786,566,000 after acquiring an additional 153,127 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Church & Dwight by 5.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock worth $351,668,000 after acquiring an additional 175,221 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Church & Dwight by 1.8% during the 1st quarter. ProShare Advisors LLC now owns 1,783,412 shares of the company’s stock worth $186,028,000 after purchasing an additional 31,145 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Church & Dwight by 1,617.3% during the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock valued at $134,043,000 after purchasing an additional 1,217,568 shares in the last quarter. Hedge funds and other institutional investors 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.