Deutsche Bank Aktiengesellschaft Raises Church & Dwight (NYSE:CHD) Price Target to $112.00

Church & Dwight (NYSE:CHD) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from $109.00 to $112.00 in a research report released on Monday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

CHD has been the subject of several other reports. TheStreet raised Church & Dwight from a c+ rating to a b rating in a research report on Friday, February 2nd. Argus raised Church & Dwight from a hold rating to a buy rating and set a $115.00 price target for the company in a research report on Friday, February 23rd. Bank of America raised their price objective on Church & Dwight from $100.00 to $104.00 and gave the company a neutral rating in a research report on Monday, April 15th. Stifel Nicolaus raised their price objective on Church & Dwight from $91.00 to $99.00 and gave the company a hold rating in a research report on Monday, February 5th. Finally, Royal Bank of Canada raised their price objective on Church & Dwight from $94.00 to $103.00 and gave the company a sector perform rating in a research report on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and an average target price of $104.07.

Church & Dwight Stock Performance

Shares of NYSE CHD opened at $107.36 on Monday. The stock has a 50 day moving average price of $102.54 and a 200 day moving average price of $96.90. Church & Dwight has a 52 week low of $82.25 and a 52 week high of $107.56. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.64 and a current ratio of 1.08. The stock has a market capitalization of $26.19 billion, a PE ratio of 35.32, a price-to-earnings-growth ratio of 3.52 and a beta of 0.53.

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

Church & Dwight Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were paid a dividend of $0.2838 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.06%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.27. Church & Dwight’s dividend payout ratio (DPR) is 37.17%.

Insider Transactions at Church & Dwight

In other news, Director Penry W. Price sold 7,752 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $98.29, for a total transaction of $761,944.08. Following the transaction, the director now owns 25,692 shares in the company, valued at $2,525,266.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Matthew Farrell sold 275,000 shares of Church & Dwight stock in a transaction on Monday, March 11th. The stock was sold at an average price of $103.83, for a total value of $28,553,250.00. Following the transaction, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,703,613.77. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Penry W. Price sold 7,752 shares of Church & Dwight stock in a transaction on Friday, February 9th. The shares were sold at an average price of $98.29, for a total value of $761,944.08. Following the completion of the transaction, the director now owns 25,692 shares in the company, valued at approximately $2,525,266.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 373,052 shares of company stock worth $38,603,796. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Church & Dwight

Hedge funds and other institutional investors have recently modified their holdings of the business. Chilton Capital Management LLC boosted its holdings in shares of Church & Dwight by 50.0% during the 4th quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock valued at $31,000 after acquiring an additional 110 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Church & Dwight by 14.7% during the 4th quarter. Global Retirement Partners LLC now owns 883 shares of the company’s stock valued at $87,000 after acquiring an additional 113 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in shares of Church & Dwight by 2.4% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 4,942 shares of the company’s stock valued at $516,000 after acquiring an additional 117 shares in the last quarter. Gateway Advisory LLC boosted its holdings in shares of Church & Dwight by 4.4% during the 3rd quarter. Gateway Advisory LLC now owns 2,855 shares of the company’s stock valued at $262,000 after acquiring an additional 120 shares in the last quarter. Finally, Sovereign Financial Group Inc. boosted its holdings in shares of Church & Dwight by 0.7% during the 1st quarter. Sovereign Financial Group Inc. now owns 17,436 shares of the company’s stock valued at $1,819,000 after acquiring an additional 120 shares in the last quarter. 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.