Church & Dwight (CHD) Given New $66.00 Price Target at Citigroup

Church & Dwight (NYSE:CHD) had its price target hoisted by Citigroup from $60.00 to $66.00 in a report published on Friday. The firm currently has a neutral rating on the stock.

A number of other equities research analysts have also commented on the stock. Bank of America upped their price target on shares of Church & Dwight from $55.00 to $58.00 and gave the company an underperform rating in a report on Thursday, October 4th. Deutsche Bank lowered shares of Church & Dwight from a hold rating to a sell rating and set a $51.00 price target for the company. in a report on Wednesday, October 10th. ValuEngine upgraded shares of Church & Dwight from a hold rating to a buy rating in a report on Wednesday, September 12th. Oppenheimer upped their price target on shares of Church & Dwight from $60.00 to $66.00 and gave the company an outperform rating in a report on Thursday, September 27th. Finally, Zacks Investment Research lowered shares of Church & Dwight from a hold rating to a sell rating in a report on Wednesday, October 3rd. Five analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Church & Dwight has an average rating of Hold and an average target price of $58.47.

NYSE:CHD opened at $66.59 on Friday. Church & Dwight has a 52 week low of $43.21 and a 52 week high of $67.29. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.93 and a quick ratio of 0.55. The firm has a market cap of $16.21 billion, a P/E ratio of 34.32, a PEG ratio of 2.87 and a beta of 0.31.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. Church & Dwight had a net margin of 20.25% and a return on equity of 25.00%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the business posted $0.49 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. Equities research analysts expect that Church & Dwight will post 2.29 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th will be issued a $0.2175 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.87 annualized dividend and a yield of 1.31%. Church & Dwight’s dividend payout ratio (DPR) is presently 44.85%.

In other news, Director Arthur B. Winkleblack sold 8,058 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $55.94, for a total value of $450,764.52. Following the sale, the director now directly owns 75,187 shares of the company’s stock, valued at approximately $4,205,960.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert D. Leblanc sold 17,544 shares of the company’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $55.90, for a total transaction of $980,709.60. Following the completion of the sale, the director now directly owns 66,903 shares in the company, valued at $3,739,877.70. The disclosure for this sale can be found here. Insiders sold a total of 358,140 shares of company stock valued at $20,431,431 over the last 90 days. Company insiders own 2.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Church & Dwight in the 3rd quarter worth about $107,000. Bartlett & Co. LLC grew its position in shares of Church & Dwight by 937.5% in the 2nd quarter. Bartlett & Co. LLC now owns 1,992 shares of the company’s stock worth $106,000 after buying an additional 1,800 shares during the period. Global Trust Asset Management LLC purchased a new stake in shares of Church & Dwight in the 3rd quarter worth about $142,000. Fort L.P. purchased a new stake in shares of Church & Dwight in the 2nd quarter worth about $129,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of Church & Dwight in the 2nd quarter worth about $148,000. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products 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; and water flossers and replacement showerheads under the WATERPIK brand.

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Analyst Recommendations for Church & Dwight (NYSE:CHD)

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