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Church & Dwight (NYSE:CHD) Given New $108.00 Price Target at Wells Fargo & Company

Church & Dwight logo with Consumer Staples background

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

A number of other equities analysts have also issued reports on CHD. Morgan Stanley lowered their target price 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. Truist Financial set a $110.00 price objective on shares of Church & Dwight and gave the company a "buy" rating in a research report on Friday, June 6th. Royal Bank Of Canada upgraded shares of Church & Dwight from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $100.00 to $114.00 in a research report on Monday, June 2nd. Bank of America upgraded shares of Church & Dwight from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $112.00 to $125.00 in a research report on Tuesday, April 15th. Finally, Oppenheimer lowered their price objective on shares of Church & Dwight from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $107.43.

View Our Latest Research Report on Church & Dwight

Church & Dwight Stock Up 0.4%

NYSE:CHD traded up $0.41 during mid-day trading on Wednesday, hitting $98.45. The stock had a trading volume of 2,472,606 shares, compared to its average volume of 1,764,196. The stock has a 50-day simple moving average of $96.43 and a two-hundred day simple moving average of $102.68. The company has a market capitalization of $24.25 billion, a PE ratio of 42.25, a PEG ratio of 3.95 and a beta of 0.51. Church & Dwight has a twelve month low of $90.99 and a twelve month high of $116.46. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.48.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.91 earnings per share 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 net margin of 9.52% and a return on equity of 19.28%. The firm's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the company earned $0.96 earnings per share. On average, equities research analysts anticipate that Church & Dwight will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Thursday, May 15th. Church & Dwight's dividend payout ratio (DPR) is currently 50.64%.

Insider Buying and Selling

In other news, EVP Carlen Hooker sold 6,380 shares of Church & Dwight stock in a transaction on Monday, June 16th. The stock was sold at an average price of $98.30, for a total transaction of $627,154.00. Following the completion of the transaction, the executive vice president owned 262 shares of the company's stock, valued at $25,754.60. The trade was a 96.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Penry W. Price sold 14,660 shares of Church & Dwight stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $93.13, for a total value of $1,365,285.80. Following the transaction, the director directly owned 27,043 shares of the company's stock, valued at $2,518,514.59. This trade represents a 35.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,575 shares of company stock valued at $4,910,586 in the last quarter. Corporate insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. 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 buying an additional 130 shares during the last quarter. Wayfinding Financial LLC acquired a new position in shares of Church & Dwight during the 1st quarter valued at about $40,000. Versant Capital Management Inc increased its stake in shares of Church & Dwight by 42.1% during the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $42,000 after acquiring an additional 112 shares during the last quarter. Bernard Wealth Management Corp. acquired a new position in shares of Church & Dwight during the 4th quarter valued at about $40,000. Finally, Chilton Capital Management LLC increased its stake in shares of Church & Dwight by 90.9% during the 1st quarter. Chilton Capital Management LLC now owns 420 shares of the company's stock valued at $46,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Church & Dwight Company Profile

(Get Free Report)

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.

Further Reading

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