Church & Dwight (NYSE:CHD) Coverage Initiated by Analysts at Piper Sandler

Equities research analysts at Piper Sandler started coverage on shares of Church & Dwight (NYSE:CHD) in a research report issued on Tuesday, Briefing.com reports. The brokerage set an “overweight” rating and a $120.00 price target on the stock. Piper Sandler’s target price indicates a potential upside of 15.93% from the stock’s previous close.

Several other research firms have also recently weighed in on CHD. JPMorgan Chase & Co. cut their target price on shares of Church & Dwight from $101.00 to $97.00 and set an “underweight” rating for the company in a research note on Monday, August 5th. TD Cowen started coverage on Church & Dwight in a report on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 target price on the stock. Barclays boosted their target price on Church & Dwight from $80.00 to $82.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 6th. Argus raised their price target on Church & Dwight from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Finally, Truist Financial decreased their price objective on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Church & Dwight has a consensus rating of “Hold” and an average price target of $107.25.

Church & Dwight Price Performance

NYSE:CHD opened at $103.51 on Tuesday. The stock has a market cap of $25.31 billion, a PE ratio of 32.86, a P/E/G ratio of 3.55 and a beta of 0.54. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The business’s 50-day simple moving average is $102.05 and its two-hundred day simple moving average is $104.23. Church & Dwight has a 52 week low of $82.25 and a 52 week high of $110.31.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the firm earned $0.92 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. As a group, analysts forecast that Church & Dwight will post 3.43 EPS for the current fiscal year.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Barry A. Bruno sold 59,328 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the sale, the executive vice president now owns 4,319 shares in the company, valued at $429,179.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. grew its stake in Church & Dwight by 442.1% in the 4th quarter. Nomura Holdings Inc. now owns 14,148 shares of the company’s stock worth $1,338,000 after acquiring an additional 11,538 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in Church & Dwight by 13.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 342,699 shares of the company’s stock valued at $35,755,000 after purchasing an additional 39,695 shares in the last quarter. Russell Investments Group Ltd. raised its position in Church & Dwight by 12.8% during the 1st quarter. Russell Investments Group Ltd. now owns 208,997 shares of the company’s stock valued at $21,798,000 after purchasing an additional 23,754 shares in the last quarter. Cim LLC purchased a new stake in shares of Church & Dwight in the 4th quarter worth $3,188,000. Finally, Ossiam increased its stake in shares of Church & Dwight by 24.3% during the fourth quarter. Ossiam now owns 42,818 shares of the company’s stock valued at $4,049,000 after buying an additional 8,384 shares during the period. Hedge funds and other institutional investors 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.