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

Church & Dwight (NYSE:CHD) had its price target hoisted by stock analysts at Piper Sandler from $124.00 to $128.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s target price would indicate a potential upside of 25.01% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Barclays dropped their price target on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a report on Monday, November 4th. Morgan Stanley cut shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective on the stock. in a research note on Monday, September 9th. Finally, Wells Fargo & Company raised their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research note 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 assigned a buy rating to the company’s stock. According to MarketBeat, Church & Dwight presently has an average rating of “Hold” and a consensus price target of $110.00.

Church & Dwight Trading Down 2.2 %

Shares of NYSE:CHD traded down $2.25 during mid-day trading on Monday, reaching $102.39. 403,336 shares of the company were exchanged, compared to its average volume of 903,330. The firm has a market cap of $25.09 billion, a price-to-earnings ratio of 45.91, a P/E/G ratio of 3.86 and a beta of 0.58. Church & Dwight has a 1 year low of $93.45 and a 1 year high of $113.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. The firm’s 50-day simple moving average is $106.72 and its 200 day simple moving average is $104.20.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The company 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 firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 EPS. Equities research analysts forecast that Church & Dwight will post 3.45 EPS for the current year.

Insider Activity

In related news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $106.11, for a total value of $1,061,100.00. Following the sale, the director now directly owns 32,500 shares of the company’s stock, valued at $3,448,575. This represents a 23.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael Read bought 1,100 shares of the stock in a transaction on Monday, December 16th. The shares were acquired at an average price of $106.82 per share, with a total value of $117,502.00. Following the purchase, the executive vice president now owns 2,505 shares of the company’s stock, valued at $267,584.10. The trade was a 78.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 593,035 shares of company stock valued at $62,282,808 over the last quarter. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Church & Dwight

Institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new stake in Church & Dwight in the third quarter worth $27,000. Ashton Thomas Securities LLC acquired a new position in Church & Dwight during the 3rd quarter valued at about $28,000. Versant Capital Management Inc lifted its stake in shares of Church & Dwight by 224.4% in 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 during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Church & Dwight during the second quarter valued at approximately $33,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Church & Dwight in the second quarter worth approximately $38,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Company Profile

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.