Church & Dwight (NYSE:CHD – Free Report) had its target price increased by JPMorgan Chase & Co. from $98.00 to $99.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have an underweight rating on the stock.
Several other research firms also recently issued reports on CHD. Morgan Stanley downgraded Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price on the stock. in a research report on Monday, September 9th. Wells Fargo & Company increased their price objective on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday. Stifel Nicolaus reduced their target price on Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a report on Monday, August 5th. TD Cowen began coverage on Church & Dwight in a research report on Tuesday, July 23rd. They set a “buy” rating and a $116.00 price target on the stock. Finally, Barclays raised their price objective on shares of Church & Dwight from $82.00 to $86.00 and gave the company an “underweight” rating in a research report on Friday, October 11th. 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $108.05.
Read Our Latest Stock Report on Church & Dwight
Church & Dwight Trading Down 0.9 %
Church & Dwight (NYSE:CHD – Get Free Report) last posted its earnings results on Friday, November 1st. The company reported $0.79 earnings per share 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 firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company earned $0.74 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. As a group, research analysts forecast that Church & Dwight will post 3.45 EPS for the current year.
Church & Dwight Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.2838 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.10%. Church & Dwight’s dividend payout ratio is currently 50.67%.
Insider Activity
In related news, Director Arthur B. Winkleblack sold 11,590 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the transaction, the director now directly owns 7,129 shares in the company, valued at $740,275.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Arthur B. Winkleblack sold 11,590 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the completion of the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew Farrell sold 165,823 shares of Church & Dwight stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the completion of the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,613,438.57. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Church & Dwight
Several hedge funds have recently made changes to their positions in the business. Empowered Funds LLC lifted its stake in Church & Dwight by 2.8% in the third quarter. Empowered Funds LLC now owns 3,651 shares of the company’s stock worth $382,000 after acquiring an additional 99 shares during the period. Texas Yale Capital Corp. raised its holdings in Church & Dwight by 1.0% in the 1st quarter. Texas Yale Capital Corp. now owns 10,600 shares of the company’s stock worth $1,106,000 after purchasing an additional 100 shares in the last quarter. Garner Asset Management Corp lifted its position in shares of Church & Dwight by 5.1% in the 1st quarter. Garner Asset Management Corp now owns 2,058 shares of the company’s stock worth $215,000 after purchasing an additional 100 shares during the period. Oppenheimer & Co. Inc. boosted its stake in shares of Church & Dwight by 0.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,066 shares of the company’s stock valued at $3,358,000 after purchasing an additional 104 shares in the last quarter. Finally, Elk River Wealth Management LLC increased its position in shares of Church & Dwight by 0.3% during the second quarter. Elk River Wealth Management LLC now owns 34,678 shares of the company’s stock valued at $3,595,000 after buying an additional 114 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.
About Church & Dwight
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.
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