Truist Financial Forecasts Strong Price Appreciation for Church & Dwight (NYSE:CHD) Stock

Church & Dwight (NYSE:CHD) had its price target hoisted by research analysts at Truist Financial from $110.00 to $115.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 8.50% from the company’s previous close.

Several other brokerages have also recently issued reports on CHD. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $105.00 target price on shares of Church & Dwight in a report on Monday. Barclays lifted their price objective on Church & Dwight from $85.00 to $90.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. Wells Fargo & Company increased their target price on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. TD Cowen boosted their price target 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. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $111.17.

Church & Dwight Trading Down 0.4 %

Shares of CHD stock opened at $105.99 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The company has a market cap of $25.97 billion, a price-to-earnings ratio of 44.72, a PEG ratio of 3.28 and a beta of 0.59. Church & Dwight has a 1 year low of $96.09 and a 1 year high of $113.50. The firm has a fifty day moving average price of $106.22 and a 200-day moving average price of $104.25.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter in the prior year, the company earned $0.65 EPS. As a group, equities analysts predict that Church & Dwight will post 3.7 earnings per share for the current year.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, CAO Joseph James Longo sold 7,780 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $112.44, for a total value of $874,783.20. Following the completion of the transaction, the chief accounting officer now owns 400 shares of the company’s stock, valued at approximately $44,976. This trade 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 the SEC website. Also, Director Bradley C. Irwin sold 13,200 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $107.44, for a total transaction of $1,418,208.00. Following the sale, the director now directly owns 37,169 shares in the company, valued at $3,993,437.36. This trade represents a 26.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 115,622 shares of company stock worth $12,842,559 over the last three months. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Church & Dwight

A number of institutional investors have recently bought and sold shares of the business. Lake Street Advisors Group LLC boosted its stake in shares of Church & Dwight by 3.7% in the fourth quarter. Lake Street Advisors Group LLC now owns 2,692 shares of the company’s stock worth $282,000 after buying an additional 97 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in Church & Dwight by 2.0% in the 4th quarter. Illinois Municipal Retirement Fund now owns 101,193 shares of the company’s stock worth $10,596,000 after purchasing an additional 1,953 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Church & Dwight during the 4th quarter worth approximately $634,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Church & Dwight by 13.6% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 102,993 shares of the company’s stock valued at $10,784,000 after purchasing an additional 12,300 shares in the last quarter. Finally, Delta Financial Group Inc. acquired a new position in shares of Church & Dwight in the 4th quarter valued at $492,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.