TD Cowen Issues Positive Forecast for Church & Dwight (NYSE:CHD) Stock Price

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

Several other analysts have also commented on CHD. Piper Sandler began coverage on Church & Dwight in a report on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on shares of Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a report on Monday. Barclays increased their price objective on shares of Church & Dwight from $82.00 to $86.00 and gave the company an “underweight” rating in a report on Friday, October 11th. Wells Fargo & Company boosted their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Evercore ISI decreased their price target on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $108.10.

Church & Dwight Price Performance

NYSE:CHD opened at $102.96 on Monday. The company has a 50 day moving average price of $102.92 and a 200-day moving average price of $104.03. Church & Dwight has a 1-year low of $86.23 and a 1-year high of $110.31. The firm has a market cap of $25.21 billion, a price-to-earnings ratio of 46.17, a price-to-earnings-growth ratio of 3.87 and a beta of 0.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09.

Church & Dwight (NYSE:CHD) last released 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 company 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 company earned $0.74 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts forecast that Church & Dwight will post 3.43 EPS for the current year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight’s dividend payout ratio is currently 50.67%.

Hedge Funds Weigh In On Church & Dwight

A number of institutional investors have recently bought and sold shares of CHD. CANADA LIFE ASSURANCE Co lifted its stake in shares of Church & Dwight by 13.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 342,699 shares of the company’s stock valued at $35,755,000 after purchasing an additional 39,695 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Church & Dwight by 12.8% during the first quarter. Russell Investments Group Ltd. now owns 208,997 shares of the company’s stock worth $21,798,000 after buying an additional 23,754 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Church & Dwight by 74.6% during the second quarter. Assenagon Asset Management S.A. now owns 67,823 shares of the company’s stock valued at $7,032,000 after acquiring an additional 28,986 shares during the last quarter. Mizuho Markets Americas LLC raised its stake in shares of Church & Dwight by 117.1% in the 1st quarter. Mizuho Markets Americas LLC now owns 107,206 shares of the company’s stock valued at $11,183,000 after acquiring an additional 57,817 shares during the period. Finally, Tidal Investments LLC raised its stake in shares of Church & Dwight by 160.1% in the 1st quarter. Tidal Investments LLC now owns 23,530 shares of the company’s stock valued at $2,454,000 after acquiring an additional 14,483 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

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.