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

Church & Dwight (NYSE:CHD) had its price objective boosted by research analysts at Piper Sandler from $124.00 to $128.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 24.48% from the company’s current price.

Several other analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Barclays cut their target price on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 5th. Wells Fargo & Company lifted their price target on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. TD Cowen increased their price objective on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. lifted their target price on Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $110.00.

Church & Dwight Price Performance

NYSE CHD opened at $102.83 on Monday. The firm’s fifty day simple moving average is $106.77 and its two-hundred day simple moving average is $104.11. The firm has a market capitalization of $25.19 billion, a P/E ratio of 46.11, a P/E/G ratio of 3.86 and a beta of 0.58. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. Church & Dwight has a 12-month low of $93.45 and a 12-month high of $113.50.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $0.74 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts forecast that Church & Dwight will post 3.45 EPS for the current fiscal year.

Insider Activity at Church & Dwight

In related news, Director Arthur B. Winkleblack sold 11,590 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $103.84, for a total value of $1,203,505.60. Following the completion of the sale, the director now owns 7,129 shares of the company’s stock, valued at approximately $740,275.36. The trade was a 61.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Read acquired 1,100 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were bought at an average cost of $106.82 per share, for a total transaction of $117,502.00. Following the completion of the acquisition, the executive vice president now owns 2,505 shares of the company’s stock, valued at approximately $267,584.10. This represents 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 worth $62,282,808 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Church & Dwight

Large investors have recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in Church & Dwight by 1.4% in the 2nd quarter. Victory Capital Management Inc. now owns 168,269 shares of the company’s stock valued at $17,446,000 after purchasing an additional 2,286 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Church & Dwight by 132.7% in the second quarter. Private Advisor Group LLC now owns 34,677 shares of the company’s stock valued at $3,595,000 after buying an additional 19,778 shares during the last quarter. Candriam S.C.A. lifted its stake in shares of Church & Dwight by 4.7% in the second quarter. Candriam S.C.A. now owns 62,247 shares of the company’s stock worth $6,453,000 after buying an additional 2,812 shares in the last quarter. Savant Capital LLC boosted its position in Church & Dwight by 22.0% during the second quarter. Savant Capital LLC now owns 4,292 shares of the company’s stock worth $445,000 after acquiring an additional 775 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in Church & Dwight by 8,230.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,666 shares of the company’s stock valued at $173,000 after acquiring an additional 1,646 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

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.