Piper Sandler Issues Positive Forecast for Church & Dwight (NYSE:CHD) Stock Price

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

CHD has been the subject of several other research reports. JPMorgan Chase & Co. raised their target price on Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Barclays reduced their target price 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. TD Cowen increased their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Wells Fargo & Company boosted their price target on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $110.00.

Church & Dwight Trading Down 2.8 %

Shares of CHD opened at $101.71 on Monday. The stock’s 50-day moving average price is $106.73 and its 200 day moving average price is $104.15. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $24.92 billion, a price-to-earnings ratio of 45.61, a P/E/G ratio of 3.86 and a beta of 0.58. Church & Dwight has a 12-month low of $93.45 and a 12-month high of $113.50.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. Church & Dwight’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $0.74 earnings per share. As a group, research analysts predict that Church & Dwight will post 3.45 earnings per share for the current year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a dividend of $0.2838 per share. The ex-dividend date was Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.12%. Church & Dwight’s payout ratio is currently 50.67%.

Insider Activity at Church & Dwight

In other Church & Dwight news, Director Arthur B. Winkleblack sold 11,590 shares of the stock in a transaction dated Monday, November 4th. The stock was 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 directly owns 7,129 shares in the company, valued at $740,275.36. This represents a 61.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew Farrell sold 300,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total value of $31,152,000.00. Following the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at approximately $11,704,740.96. The trade was a 72.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 593,035 shares of company stock worth $62,282,808 in the last ninety days. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Church & Dwight

A number of institutional investors have recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Church & Dwight in the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new position in Church & Dwight during the third quarter valued at approximately $28,000. Versant Capital Management Inc grew its stake in Church & Dwight by 224.4% in the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock valued at $28,000 after purchasing 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 worth approximately $33,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Church & Dwight in the 2nd quarter valued at approximately $38,000. 86.60% of the stock is currently owned by 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.