Barclays Cuts Church & Dwight (NYSE:CHD) Price Target to $94.00

Church & Dwight (NYSE:CHD) had its target price trimmed by Barclays from $97.00 to $94.00 in a report issued on Friday morning,Benzinga reports. The firm currently has an underweight rating on the stock.

Other equities research analysts have also recently issued reports about the company. Truist Financial lifted their price objective on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $105.00 price target on shares of Church & Dwight in a research report on Monday, February 3rd. Wells Fargo & Company raised their price objective on shares of Church & Dwight from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, April 2nd. Piper Sandler reduced their target price on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Finally, Stifel Nicolaus raised their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Church & Dwight presently has an average rating of “Hold” and an average target price of $111.44.

Church & Dwight Stock Up 0.5 %

Shares of NYSE:CHD opened at $104.24 on Friday. The company’s fifty day moving average is $107.28 and its 200-day moving average is $106.07. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. Church & Dwight has a 52 week low of $96.35 and a 52 week high of $116.46. The company has a market capitalization of $25.65 billion, a PE ratio of 43.98, a P/E/G ratio of 3.32 and a beta of 0.55.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter in the previous year, the business earned $0.65 EPS. Equities research analysts predict that Church & Dwight will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a yield of 1.13%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio (DPR) is 49.79%.

Insider Activity

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the completion of the transaction, the executive vice president now owns 10,497 shares of the company’s stock, valued at $1,217,442.06. The trade was a 83.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rene Hemsey sold 11,060 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total value of $1,216,378.80. Following the sale, the executive vice president now directly owns 6,437 shares in the company, valued at $707,941.26. The trade was a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,570 shares of company stock valued at $7,538,449 in the last ninety days. 2.00% of the stock is owned by insiders.

Institutional Trading of Church & Dwight

A number of large investors have recently bought and sold shares of the business. Gateway Investment Advisers LLC boosted its holdings in shares of Church & Dwight by 77.0% in the first quarter. Gateway Investment Advisers LLC now owns 10,796 shares of the company’s stock valued at $1,189,000 after buying an additional 4,698 shares during the period. KFG Wealth Management LLC lifted its position in Church & Dwight by 2.2% in the 1st quarter. KFG Wealth Management LLC now owns 5,476 shares of the company’s stock valued at $603,000 after acquiring an additional 119 shares in the last quarter. Radnor Capital Management LLC increased its holdings in Church & Dwight by 2.2% during the 1st quarter. Radnor Capital Management LLC now owns 7,560 shares of the company’s stock worth $832,000 after purchasing an additional 160 shares in the last quarter. Sovereign Financial Group Inc. increased its holdings in Church & Dwight by 2.5% during the 1st quarter. Sovereign Financial Group Inc. now owns 17,730 shares of the company’s stock worth $1,952,000 after purchasing an additional 437 shares in the last quarter. Finally, Littlejohn Financial Services Inc. raised its stake in shares of Church & Dwight by 27.1% in the 1st quarter. Littlejohn Financial Services Inc. now owns 21,984 shares of the company’s stock valued at $2,420,000 after purchasing an additional 4,688 shares during the period. 86.60% of the stock is owned by institutional investors.

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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.