Barclays Cuts Church & Dwight (NYSE:CHD) Price Target to $80.00

Church & Dwight (NYSE:CHD) had its price objective lowered by Barclays from $82.00 to $80.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has an underweight rating on the stock.

CHD has been the topic of several other reports. BNP Paribas assumed coverage on Church & Dwight in a report on Monday, June 24th. They set a neutral rating and a $114.00 target price on the stock. Bank of America increased their price target on Church & Dwight from $100.00 to $104.00 and gave the stock a neutral rating in a research report on Monday, April 15th. Truist Financial increased their price target on Church & Dwight from $110.00 to $115.00 and gave the stock a buy rating in a research report on Friday, May 3rd. Argus increased their price target on Church & Dwight from $115.00 to $125.00 and gave the stock a buy rating in a research report on Tuesday, June 11th. Finally, HSBC increased their price target on Church & Dwight from $110.00 to $114.00 and gave the stock a hold rating in a research report on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and an average target price of $106.76.

Church & Dwight Stock Down 1.9 %

Shares of CHD stock opened at $100.65 on Friday. The stock’s 50-day simple moving average is $105.92 and its 200-day simple moving average is $103.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 1.33. The firm has a market capitalization of $24.61 billion, a PE ratio of 31.95, a P/E/G ratio of 3.35 and a beta of 0.52. Church & Dwight has a fifty-two week low of $82.25 and a fifty-two week high of $110.31.

Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.86 by $0.10. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. Church & Dwight’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $0.85 earnings per share. Equities analysts expect that Church & Dwight will post 3.46 earnings per share for the current year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were given a dividend of $0.2838 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.14 dividend on an annualized basis and a yield of 1.13%. Church & Dwight’s payout ratio is 35.87%.

Insider Buying and Selling

In related news, CFO Richard A. Dierker sold 86,740 shares of Church & Dwight stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the transaction, the chief financial officer now owns 7,634 shares in the company, valued at $813,479.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $107.67, for a total transaction of $2,153,400.00. Following the completion of the sale, the director now owns 13,793 shares of the company’s stock, valued at $1,485,092.31. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Richard A. Dierker sold 86,740 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $106.56, for a total value of $9,243,014.40. Following the sale, the chief financial officer now directly owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 182,346 shares of company stock worth $19,465,948. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Church & Dwight

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHD. Norges Bank acquired a new stake in Church & Dwight during the fourth quarter worth $259,967,000. Capital International Investors grew its stake in shares of Church & Dwight by 39.2% in the fourth quarter. Capital International Investors now owns 9,004,713 shares of the company’s stock valued at $851,414,000 after buying an additional 2,533,877 shares in the last quarter. Capital Research Global Investors acquired a new stake in shares of Church & Dwight in the first quarter valued at $69,384,000. Vanguard Group Inc. grew its stake in shares of Church & Dwight by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock valued at $2,861,865,000 after buying an additional 354,946 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Church & Dwight by 26.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,334,950 shares of the company’s stock valued at $126,233,000 after buying an additional 277,017 shares in the last quarter. Institutional investors and hedge funds 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.