Church & Dwight (NYSE:CHD) Price Target Cut to $126.00 by Analysts at Piper Sandler

Church & Dwight (NYSE:CHD) had its price objective trimmed by Piper Sandler from $128.00 to $126.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other equities analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Barclays increased their target price on shares of Church & Dwight from $85.00 to $90.00 and gave the company an “underweight” rating in a research note on Friday, January 17th. Stifel Nicolaus dropped their price target on shares of Church & Dwight from $105.00 to $103.00 and set a “hold” rating for the company in a research note on Friday, January 17th. TD Cowen increased their price objective 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, JPMorgan Chase & Co. boosted their target price on Church & Dwight from $99.00 to $107.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Church & Dwight has an average rating of “Hold” and a consensus price target of $111.00.

Church & Dwight Trading Up 0.8 %

Shares of CHD opened at $106.37 on Monday. The stock has a market capitalization of $26.06 billion, a PE ratio of 44.88, a P/E/G ratio of 3.28 and a beta of 0.59. The company’s fifty day moving average is $106.30 and its 200 day moving average is $104.22. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. Church & Dwight has a fifty-two week low of $96.09 and a fifty-two week high of $113.50.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same period in the prior year, the firm posted $0.65 EPS. Sell-side analysts expect that Church & Dwight will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.295 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.18 annualized dividend and a dividend yield of 1.11%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s payout ratio is currently 47.68%.

Insider Transactions at Church & Dwight

In related news, EVP Michael Read acquired 1,100 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of $106.82 per share, for a total transaction of $117,502.00. Following the purchase, the executive vice president now directly owns 2,505 shares of the company’s stock, valued at $267,584.10. This trade represents a 78.29 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Bradley C. Irwin sold 13,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $107.44, for a total value of $1,418,208.00. Following the sale, the director now directly owns 37,169 shares in the company, valued at approximately $3,993,437.36. The trade was a 26.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 415,622 shares of company stock valued at $43,994,559. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Church & Dwight

Hedge funds have recently modified their holdings of the company. YANKCOM Partnership purchased a new stake in Church & Dwight during the fourth quarter valued at approximately $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Church & Dwight during the 3rd quarter valued at $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Church & Dwight in the 3rd quarter worth $28,000. Versant Capital Management Inc grew its stake in Church & Dwight by 224.4% during the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after buying an additional 184 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Church & Dwight during the 2nd quarter valued at about $33,000. 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.