Church & Dwight (NYSE:CHD) Price Target Raised to $128.00 at Piper Sandler

Church & Dwight (NYSE:CHD) had its price objective increased by Piper Sandler from $124.00 to $128.00 in a research report released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages have also recently weighed in on CHD. Morgan Stanley cut Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a research note on Monday, September 9th. JPMorgan Chase & Co. raised their price objective on shares of Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a research report on Monday, November 4th. Barclays dropped their target price on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, TD Cowen upped their price target on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $110.00.

Church & Dwight Stock Performance

Shares of CHD opened at $102.57 on Monday. Church & Dwight has a 52-week low of $93.91 and a 52-week high of $113.50. The firm has a market capitalization of $25.13 billion, a PE ratio of 46.00, a P/E/G ratio of 3.86 and a beta of 0.58. The firm has a 50-day moving average price of $106.81 and a 200 day moving average price of $104.10. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the business earned $0.74 earnings per share. On average, sell-side analysts anticipate that Church & Dwight will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Friday, November 15th. Church & Dwight’s payout ratio is presently 50.67%.

Insider Buying and Selling at Church & Dwight

In related news, CAO Joseph James Longo sold 7,780 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $112.44, for a total value of $874,783.20. Following the transaction, the chief accounting officer now owns 400 shares in the company, valued at approximately $44,976. This represents a 95.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Maynadier Patrick D. De sold 45,120 shares of Church & Dwight stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $112.19, for a total transaction of $5,062,012.80. Following the completion of the sale, the executive vice president now owns 10,325 shares of the company’s stock, valued at $1,158,361.75. This trade represents a 81.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 593,035 shares of company stock worth $62,282,808. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in Church & Dwight in the third quarter worth $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Church & Dwight in the third quarter worth about $28,000. Versant Capital Management Inc boosted its stake in shares of Church & Dwight by 224.4% during the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after acquiring an additional 184 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Church & Dwight during the 2nd quarter valued at about $33,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Church & Dwight in the 2nd quarter valued at approximately $38,000. Institutional investors and hedge funds 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.