Church & Dwight (NYSE:CHD) PT Raised to $86.00 at JPMorgan Chase & Co.

Church & Dwight (NYSE:CHD – Get Note) saw its price target raised by JPMorgan Chase & Co. from $84.00 to $86.00 in a report released Thursday morning, reports The Fly.

A number of other brokerages have also recently commented on CHD. Goldman Sachs Group cut its price target on Church & Dwight shares from $105.00 to $101.00 in a Tuesday, March 29 research report. StockNews.com began covering Church & Dwight shares in a report on Thursday, March 31. They set a holding rating for the company. Morgan Stanley raised its price target on Church & Dwight shares from $80.00 to $86.00 and gave the stock an underweight rating in a Tuesday, April 12 report. Barclays cut its price target on Church & Dwight shares from $81.00 to $77.00 and set an underweight rating for the company in a Monday, May 23 report. Finally, Wells Fargo & Company raised its price target on Church & Dwight shares from $95.00 to $100.00 and gave the stock an overweight rating in a Tuesday, June 28 report. Four equity research analysts gave the stock a sell rating, five gave the company a hold rating and four gave the company a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $98.50.

Performance of Church & Dwight shares

Shares of CHD opened at $94.06 on Thursday. The company has a 50-day moving average of $90.56 and a 200-day moving average of $96.57. Church & Dwight has a one-year low of $80.34 and a one-year high of $105.28. The company has a market capitalization of $22.84 billion, a PE ratio of 28.85, a growth price-earnings ratio of 3.73 and a beta of 0.39. The company has a debt ratio of 0.47, a current ratio of 0.65 and a quick ratio of 0.33.

Church & Dwight (NYSE:CHD – Get Rating) last reported quarterly earnings data on Thursday, April 28. The company reported EPS of $0.83 for the quarter, beating consensus analyst estimates of $0.76 by $0.07. Church & Dwight had a net margin of 15.46% and a return on equity of 22.29%. The company posted revenue of $1.30 billion in the quarter, versus a consensus estimate of $1.29 billion. During the same quarter last year, the company posted EPS of $0.83. The company’s quarterly revenue increased 4.7% year over year. As a group, stock analysts expect Church & Dwight to post earnings per share of 3.15 for the current year.

Church & Dwight announces dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 1. Shareholders of record on Monday, May 16 received a dividend of $0.2625 per share. The ex-dividend date was Friday, May 13. This represents a dividend of $1.05 on an annualized basis and a yield of 1.12%. Church & Dwight’s dividend payout ratio is currently 32.21%.

Insiders place their bets

In other Church & Dwight news, manager Bradley C. Irwin sold 7,000 shares in a trade dated Wednesday, May 11. The shares were sold at an average price of $97.86, for a total transaction of $685,020.00. Following completion of the transaction, the administrator now owns 41,636 shares of the company, valued at $4,074,498.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Insiders of the company own 1.70% of the shares of the company.

Hedge funds weigh on Church & Dwight

Institutional investors and hedge funds have recently increased or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Church & Dwight by 0.4% in the first quarter. BlackRock Inc. now owns 19,176,152 shares of the company valued at $1,905,727,000 after acquiring an additional 73,507 shares during the period. State Street Corp increased its position in shares of Church & Dwight by 1.3% in the fourth quarter. State Street Corp now owns 12,291,175 shares of the company valued at $1,259,845,000 after acquiring an additional 154,906 shares during the period. Fundsmith LLP increased its position in shares of Church & Dwight by 5.8% in the fourth quarter. Fundsmith LLP now owns 11,658,319 shares of the company valued at $1,194,978,000 after acquiring an additional 635,823 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Church & Dwight by 35.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,087,707 shares of the company valued at $623,990,000 after acquiring an additional 1,596,506 shares during the period. Finally, Geode Capital Management LLC increased its position in Church & Dwight shares by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,632,313 shares of the company valued at $473,581,000 after acquiring an additional 106,461 shares during the period. Institutional investors hold 84.81% of the company’s shares.

Church & Dwight Corporate Profile

(Get a rating)

Church & Dwight Co, Inc develops, manufactures and markets household, personal care and specialty products. It operates through three segments: Consumer Domestic, Consumer International and Specialty Products Division. The company offers cat litter, carpet deodorizers, laundry detergents and baking soda, as well as other baking soda 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; battery-operated and manual toothbrushes under the trade mark SPINBRUSH; 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; gel food supplements under the L’IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; IMPECCABLE products; shortening and cold relief products under the ZICAM brand; and oral care products under the THERABREATH brand.

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