Barclays Issues Positive Forecast for Church & Dwight (NYSE:CHD) Stock Price

Church & Dwight (NYSE:CHD) had its price objective upped by Barclays from $90.00 to $93.00 in a research note released on Tuesday,Benzinga reports. The firm currently has an underweight rating on the stock.

Other research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft upped their target price on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Piper Sandler reduced their price target on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday. Wells Fargo & Company boosted their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. increased their price objective on Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Finally, TD Cowen upped their target price on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $111.17.

Church & Dwight Price Performance

NYSE:CHD opened at $105.99 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $25.97 billion, a P/E ratio of 44.72, a P/E/G ratio of 3.28 and a beta of 0.59. Church & Dwight has a 12 month low of $96.09 and a 12 month high of $113.50. The business’s 50-day moving average is $106.22 and its 200 day moving average is $104.25.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same quarter last year, the firm posted $0.65 EPS. On average, equities research analysts forecast that Church & Dwight will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.295 dividend. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Friday, February 14th. Church & Dwight’s payout ratio is currently 47.68%.

Insider Activity

In related news, EVP Michael Read acquired 1,100 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of $106.82 per share, with a total value of $117,502.00. Following the completion of the acquisition, the executive vice president now directly owns 2,505 shares of the company’s stock, valued at $267,584.10. This represents a 78.29 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bradley C. Irwin sold 13,200 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $107.44, for a total value of $1,418,208.00. Following the completion of the transaction, the director now owns 37,169 shares of the company’s stock, valued at $3,993,437.36. This trade represents a 26.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,622 shares of company stock worth $12,842,559. Insiders own 1.40% of the company’s stock.

Institutional Trading of Church & Dwight

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. YANKCOM Partnership purchased a new position in shares of Church & Dwight during the 4th quarter valued at about $25,000. Capital Performance Advisors LLP acquired a new position in shares of Church & Dwight in the 3rd quarter valued at $27,000. Ashton Thomas Securities LLC purchased a new stake in Church & Dwight during the third quarter worth $28,000. Versant Capital Management Inc grew its position in Church & Dwight by 224.4% during the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock valued at $28,000 after buying an additional 184 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new position in Church & Dwight in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.