Goldman Sachs Group cuts Church & Dwight (NYSE:CHD) target price to $93.00


Church and Dwight (NYSE: CHDGet a rating) had its target price reduced by the Goldman Sachs Group from $104.00 to $93.00 in a report released on Wednesday, market beat reports. The company currently has a neutral rating on the stock.

A number of other brokerages have also published reports on CHD. Wells Fargo & Company raised its price target on Church & Dwight from $95.00 to $100.00 and gave the company an overweight rating in a Tuesday, June 28 research report. Truist Financial cut its target price on Church & Dwight from $120.00 to $100.00 and set a buy rating on the stock in a research report on Monday, August 1. JPMorgan Chase & Co. raised its target price on Church & Dwight from $84.00 to $86.00 in a Thursday, July 21 research report. Barclays cut its price target on Church & Dwight from $81.00 to $77.00 and set an underweight rating for the stock in a Monday May 23 research report. Finally, Morgan Stanley cut its price target on Church & Dwight from $86.00 to $82.00 and set an underweight rating for the stock in a Monday, Aug. 1 research report. Four investment analysts have assigned the stock a sell rating, eight have issued a hold rating and four have assigned the company’s stock a buy rating. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $94.79.

Church & Dwight trade up 0.0%

CHD opened at $87.00 on Wednesday. Church & Dwight has a one-year low of $80.34 and a one-year high of $105.28. The stock has a market capitalization of $21.13 billion, a PE ratio of 27.62, a P/E/G ratio of 3.62 and a beta of 0.34. The company’s 50-day moving average price is $90.38 and its 200-day moving average price is $95.77. The company has a debt ratio of 0.59, a quick ratio of 0.63 and a current ratio of 1.01.

Church and Dwight (NYSE: CHDGet a rating) last released its quarterly earnings data on Friday, July 29. The company reported EPS of $0.76 for the quarter, beating consensus analyst estimates of $0.72 by $0.04. Church & Dwight had a return on equity of 21.89% and a net margin of 14.71%. The company posted revenue of $1.33 billion for the quarter, versus $1.34 billion for analysts. In the same period a year earlier, the company posted earnings per share of $0.76. The company’s quarterly revenue increased 4.2% year over year. As a group, equity research analysts expect Church & Dwight to post 3.02 EPS for the current year.

Church & Dwight announces dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1. Shareholders of record on Monday, August 15 will receive a dividend of $0.2625. The ex-dividend date is Friday, August 12. This represents an annualized dividend of $1.05 and a yield of 1.21%. Church & Dwight’s dividend payout ratio is currently 33.33%.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight News, Director Bradley C. Irwin sold 7,000 shares of the company in a trade on Wednesday, May 11. The shares were sold at an average price of $97.86, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. 1.70% of the shares are currently held by insiders.

Hedge funds weigh on Church & Dwight

Several large investors have recently bought and sold shares of CHD. Deseret Mutual Benefit Administrators increased its stake in shares of Church & Dwight by 2.2% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 4,987 shares of the company worth $511,000 after purchasing an additional 108 shares during the period. Taylor Hoffman Wealth Management increased its stake in shares of Church & Dwight by 0.3% in the first quarter. Taylor Hoffman Wealth Management now owns 34,699 shares of the company worth $3,448,000 after purchasing 111 additional shares during the period. Veritable LP increased its stake in shares of Church & Dwight by 1.5% during the first quarter. Veritable LP now owns 7,484 shares of the company worth $744,000 after purchasing an additional 112 shares during the period. Gateway Investment Advisers LLC increased its stake in shares of Church & Dwight by 0.8% during the second quarter. Gateway Investment Advisers LLC now owns 14,039 shares of the company worth $1,301,000 after purchasing 113 additional shares during the period. Finally, Summit Financial LLC increased its stake in shares of Church & Dwight by 1.3% during the fourth quarter. Summit Financial LLC now owns 9,335 shares of the company worth $957,000 after purchasing an additional 118 shares during the period. Institutional investors and hedge funds hold 84.81% of the company’s shares.

About Church & Dwight

(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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Jerry B. Hatch