Church & Dwight (NYSE:CHD) Price Target Raised to $117.00 at TD Cowen

Church & Dwight (NYSE:CHD) had its target price hoisted by TD Cowen from $114.00 to $117.00 in a research note published on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also recently issued reports on CHD. JPMorgan Chase & Co. increased their price objective on Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a research note on Monday. Barclays increased their price target on Church & Dwight from $82.00 to $86.00 and gave the company an “underweight” rating in a research report on Friday, October 11th. Evercore ISI lowered their price objective on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a research report on Monday, August 5th. Truist Financial reduced their target price on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Finally, Morgan Stanley cut shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target for the company. in a report on Monday, September 9th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $108.10.

Church & Dwight Stock Performance

NYSE CHD opened at $102.96 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. The company has a market cap of $25.21 billion, a P/E ratio of 46.17, a P/E/G ratio of 3.87 and a beta of 0.55. The stock has a 50-day moving average of $102.92 and a two-hundred day moving average of $104.03. Church & Dwight has a 1-year low of $86.23 and a 1-year high of $110.31.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the business posted $0.74 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, analysts anticipate that Church & Dwight will post 3.43 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight’s dividend payout ratio (DPR) is 50.67%.

Hedge Funds Weigh In On Church & Dwight

Hedge funds have recently modified their holdings of the business. Capital Performance Advisors LLP acquired a new stake in Church & Dwight during the 3rd quarter worth $27,000. Crewe Advisors LLC acquired a new stake in shares of Church & Dwight during the first quarter worth about $28,000. Ashton Thomas Securities LLC purchased a new position in shares of Church & Dwight during the third quarter worth about $28,000. Rothschild Investment LLC acquired a new position in Church & Dwight in the 2nd quarter valued at about $31,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Church & Dwight during the 2nd quarter valued at approximately $33,000. 86.60% 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. 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.