Church & Dwight (NYSE:CHD) Price Target Lowered to $110.00 at Morgan Stanley

Church & Dwight (NYSE:CHD) had its target price reduced by Morgan Stanley from $114.00 to $110.00 in a report released on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also recently issued reports about the company. HSBC lifted their price objective on Church & Dwight from $110.00 to $114.00 and gave the stock a hold rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. decreased their target price on Church & Dwight from $101.00 to $97.00 and set an underweight rating for the company in a research note on Monday. Wells Fargo & Company decreased their target price on Church & Dwight from $116.00 to $108.00 and set an overweight rating for the company in a research note on Monday. TD Cowen began coverage on Church & Dwight in a research note on Tuesday, July 23rd. They issued a buy rating and a $116.00 target price for the company. Finally, Truist Financial decreased their target price on Church & Dwight from $115.00 to $110.00 and set a buy rating for the company in a research note on Monday. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Church & Dwight currently has an average rating of Hold and an average price target of $106.58.

Church & Dwight Price Performance

CHD traded up $1.40 during trading on Monday, hitting $101.32. The company’s stock had a trading volume of 1,734,274 shares, compared to its average volume of 1,376,963. The stock has a market capitalization of $24.78 billion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth ratio of 3.21 and a beta of 0.52. Church & Dwight has a 12 month low of $82.25 and a 12 month high of $110.31. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54. The firm’s 50 day moving average price is $104.55 and its two-hundred day moving average price is $103.47.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, August 2nd. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. Sell-side analysts forecast that Church & Dwight will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.2838 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.12%. Church & Dwight’s dividend payout ratio (DPR) is currently 35.87%.

Insider Buying and Selling at Church & Dwight

In other news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the transaction, the executive vice president now owns 4,319 shares in the company, valued at approximately $429,179.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the transaction, the executive vice president now owns 4,319 shares in the company, valued at approximately $429,179.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Maynadier Patrick D. De sold 54,654 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $107.00, for a total value of $5,847,978.00. Following the completion of the transaction, the executive vice president now owns 10,325 shares in the company, valued at approximately $1,104,775. The disclosure for this sale can be found here. In the last quarter, insiders sold 233,922 shares of company stock worth $24,543,768. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Church & Dwight

Hedge funds have recently modified their holdings of the stock. Game Plan Financial Advisors LLC bought a new stake in shares of Church & Dwight in the 1st quarter worth approximately $26,000. Crewe Advisors LLC bought a new stake in Church & Dwight during the 1st quarter valued at $28,000. Roble Belko & Company Inc bought a new stake in Church & Dwight during the 1st quarter valued at $31,000. Rothschild Investment LLC bought a new stake in Church & Dwight during the 2nd quarter valued at $31,000. Finally, Creekmur Asset Management LLC bought a new stake in Church & Dwight during the 4th quarter valued at $32,000. 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.