Royal Bank of Canada Reaffirms Sector Perform Rating for Church & Dwight (NYSE:CHD)

Royal Bank of Canada reiterated their sector perform rating on shares of Church & Dwight (NYSE:CHD) in a research report report published on Monday morning,Benzinga reports. Royal Bank of Canada currently has a $105.00 price target on the stock.

A number of other analysts also recently weighed in on the stock. Barclays increased their price target on shares of Church & Dwight from $85.00 to $90.00 and gave the company an “underweight” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. lifted their price target on shares of Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Piper Sandler lowered their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday. Stifel Nicolaus reduced their target price on Church & Dwight from $105.00 to $103.00 and set a “hold” rating on the stock in a report on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Church & Dwight has a consensus rating of “Hold” and an average price target of $111.00.

Church & Dwight Trading Up 0.8 %

Shares of NYSE CHD opened at $106.37 on Monday. Church & Dwight has a fifty-two week low of $96.09 and a fifty-two week high of $113.50. The firm has a market capitalization of $26.06 billion, a P/E ratio of 44.88, a P/E/G ratio of 3.28 and a beta of 0.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The company’s 50 day simple moving average is $106.30 and its 200 day simple moving average is $104.22.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same period last year, the company posted $0.65 EPS. On average, analysts predict that Church & Dwight will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $0.295 dividend. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Friday, February 14th. Church & Dwight’s payout ratio is presently 47.68%.

Insiders Place Their Bets

In related news, Director Bradley C. Irwin sold 13,200 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $107.44, for a total transaction of $1,418,208.00. Following the sale, the director now owns 37,169 shares in the company, valued at approximately $3,993,437.36. This represents a 26.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew Farrell sold 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $103.84, for a total value of $31,152,000.00. Following the completion of the transaction, the chief executive officer now owns 112,719 shares of the company’s stock, valued at approximately $11,704,740.96. This represents a 72.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 415,622 shares of company stock valued at $43,994,559 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Church & Dwight

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new stake in shares of Church & Dwight in the 2nd quarter valued at about $117,000. Truist Financial Corp raised its stake in Church & Dwight by 0.6% in the second quarter. Truist Financial Corp now owns 44,151 shares of the company’s stock valued at $4,578,000 after buying an additional 264 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Church & Dwight in the second quarter valued at approximately $2,480,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Church & Dwight during the 2nd quarter worth approximately $33,000. Finally, Czech National Bank increased its holdings in shares of Church & Dwight by 7.0% during the 3rd quarter. Czech National Bank now owns 49,871 shares of the company’s stock worth $5,222,000 after acquiring an additional 3,274 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

About Church & Dwight

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, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.