Church & Dwight (NYSE:CHD) Given New $120.00 Price Target at Oppenheimer

Church & Dwight (NYSE:CHD) had its price target lifted by Oppenheimer from $110.00 to $120.00 in a report issued on Tuesday, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other analysts also recently issued reports about the company. Royal Bank of Canada raised their target price on Church & Dwight from $94.00 to $103.00 and gave the stock a sector perform rating in a research report on Monday, February 5th. JPMorgan Chase & Co. raised their target price on Church & Dwight from $87.00 to $95.00 and gave the stock an underweight rating in a research report on Thursday, January 18th. Bank of America raised their target price on Church & Dwight from $100.00 to $104.00 and gave the stock a neutral rating in a research report on Monday, April 15th. UBS Group raised their target price on Church & Dwight from $99.00 to $105.00 and gave the stock a neutral rating in a research report on Monday, February 5th. Finally, TheStreet raised Church & Dwight from a c+ rating to a b rating in a research report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $104.07.

Church & Dwight Stock Performance

Shares of CHD opened at $106.32 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.64 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $25.93 billion, a price-to-earnings ratio of 34.97, a PEG ratio of 3.59 and a beta of 0.53. The stock has a 50 day moving average of $102.91 and a 200 day moving average of $97.11. Church & Dwight has a 12 month low of $82.25 and a 12 month high of $108.10.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, February 2nd. The company reported $0.65 EPS for the quarter, meeting analysts’ consensus estimates of $0.65. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a return on equity of 20.28% and a net margin of 12.88%. Church & Dwight’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $0.62 earnings per share. As a group, sell-side analysts forecast that Church & Dwight will post 3.44 earnings per share for the current year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were given a $0.2838 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.27. This represents a $1.14 annualized dividend and a dividend yield of 1.07%. Church & Dwight’s payout ratio is 37.17%.

Insider Buying and Selling

In other news, EVP Michael Read sold 4,500 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $105.00, for a total transaction of $472,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Penry W. Price sold 7,752 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $98.29, for a total value of $761,944.08. Following the transaction, the director now owns 25,692 shares of the company’s stock, valued at $2,525,266.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Read sold 4,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $105.00, for a total value of $472,500.00. The disclosure for this sale can be found here. Insiders sold a total of 373,052 shares of company stock worth $38,603,796 over the last ninety days. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Church & Dwight

Large investors have recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC purchased a new stake in Church & Dwight during the first quarter valued at about $26,000. Chilton Capital Management LLC raised its position in Church & Dwight by 50.0% during the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock valued at $31,000 after purchasing an additional 110 shares in the last quarter. Roble Belko & Company Inc purchased a new stake in Church & Dwight during the first quarter valued at about $31,000. Creekmur Asset Management LLC purchased a new stake in Church & Dwight during the fourth quarter valued at about $32,000. Finally, Annapolis Financial Services LLC increased its holdings in shares of Church & Dwight by 2,087.5% in the fourth quarter. Annapolis Financial Services LLC now owns 350 shares of the company’s stock worth $33,000 after buying an additional 334 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

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.