Church & Dwight (NYSE:CHD) Price Target Raised to $108.00

Church & Dwight (NYSE:CHD - Free Report) had its price target boosted by Wells Fargo & Company from $105.00 to $108.00 in a research note released on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Oppenheimer lowered their price target on Church & Dwight from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. reduced their price target on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a report on Friday, April 11th. Bank of America upgraded shares of Church & Dwight from a "neutral" rating to a "buy" rating and upped their price target for the stock from $112.00 to $125.00 in a research report on Tuesday, April 15th. Morgan Stanley cut their price objective on shares of Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Finally, Barclays decreased their target price on shares of Church & Dwight from $94.00 to $84.00 and set an "underweight" rating for the company in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Church & Dwight has an average rating of "Hold" and a consensus price target of $107.43.

Church & Dwight Trading Up 1.1%

Shares of CHD stock traded up $1.11 during mid-day trading on Wednesday, hitting $99.50. 528,552 shares of the company's stock were exchanged, compared to its average volume of 1,761,529. Church & Dwight has a fifty-two week low of $90.99 and a fifty-two week high of $116.46. The stock has a 50-day simple moving average of $96.41 and a two-hundred day simple moving average of $102.65. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.48. The stock has a market cap of $24.50 billion, a price-to-earnings ratio of 42.72, a PEG ratio of 3.93 and a beta of 0.51.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.02. The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.52 billion. Church & Dwight had a return on equity of 19.28% and a net margin of 9.52%. The firm's quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Equities analysts expect that Church & Dwight will post 3.7 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were given a dividend of $0.295 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.18 annualized dividend and a dividend yield of 1.19%. Church & Dwight's dividend payout ratio (DPR) is 50.64%.

Insider Activity at Church & Dwight

In other news, EVP Michael Read bought 3,000 shares of the firm's stock in a transaction on Friday, May 9th. The stock was bought at an average cost of $92.07 per share, for a total transaction of $276,210.00. Following the completion of the acquisition, the executive vice president directly owned 5,505 shares in the company, valued at $506,845.35. This represents a 119.76% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard A. Dierker acquired 7,950 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average cost of $94.66 per share, with a total value of $752,547.00. Following the purchase, the chief executive officer directly owned 16,358 shares in the company, valued at approximately $1,548,448.28. This trade represents a 94.55% increase in their position. The disclosure for this purchase can be found here. Insiders sold 50,575 shares of company stock valued at $4,910,586 over the last ninety days. Company insiders own 2.00% of the company's stock.

Institutional Trading of Church & Dwight

Hedge funds have recently made changes to their positions in the stock. IAG Wealth Partners LLC raised its stake in shares of Church & Dwight by 92.9% during the 1st quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock worth $30,000 after purchasing an additional 130 shares in the last quarter. Bernard Wealth Management Corp. bought a new position in shares of Church & Dwight in the fourth quarter worth about $40,000. Wayfinding Financial LLC bought a new position in shares of Church & Dwight in the first quarter worth about $40,000. Versant Capital Management Inc increased its position in Church & Dwight by 42.1% in the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company's stock worth $42,000 after buying an additional 112 shares during the period. Finally, Banque Transatlantique SA bought a new position in shares of Church & Dwight during the 4th quarter worth about $46,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Company Profile

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.