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

Piper Sandler started coverage on shares of Church & Dwight (NYSE:CHD) in a research note released on Tuesday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $120.00 price objective on the stock.

CHD has been the subject of a number of other research reports. Argus raised their price target on Church & Dwight from $115.00 to $125.00 and gave the stock a buy rating in a research note on Tuesday, June 11th. Morgan Stanley lowered shares of Church & Dwight from an overweight rating to an equal weight rating and set a $110.00 target price on the stock. in a research note on Monday, September 9th. Evercore ISI decreased their price target on shares of Church & Dwight from $110.00 to $101.00 and set an in-line rating for the company in a research note on Monday, August 5th. JPMorgan Chase & Co. cut their price objective on Church & Dwight from $101.00 to $97.00 and set an underweight rating on the stock in a research report on Monday, August 5th. Finally, Barclays upped their target price on Church & Dwight from $80.00 to $82.00 and gave the stock an underweight rating in a report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $107.25.

Church & Dwight Price Performance

Shares of Church & Dwight stock opened at $103.14 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98. Church & Dwight has a one year low of $82.25 and a one year high of $110.31. The business’s 50 day simple moving average is $102.06 and its two-hundred day simple moving average is $104.23. The stock has a market capitalization of $25.22 billion, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 3.55 and a beta of 0.54.

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

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a $0.2838 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.10%. Church & Dwight’s payout ratio is currently 35.87%.

Insider Buying and Selling at Church & Dwight

In other news, EVP Barry A. Bruno sold 59,328 shares of the business’s 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 completion of the transaction, the executive vice president now owns 4,319 shares in the company, valued at $429,179.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Church & Dwight

Large investors have recently made changes to their positions in the stock. Game Plan Financial Advisors LLC purchased a new stake in Church & Dwight in the first quarter worth approximately $26,000. Crewe Advisors LLC purchased a new position in shares of Church & Dwight in the 1st quarter worth $28,000. Roble Belko & Company Inc bought a new stake in shares of Church & Dwight in the first quarter worth $31,000. Rothschild Investment LLC purchased a new stake in Church & Dwight during the second quarter valued at $31,000. Finally, Creekmur Asset Management LLC bought a new position in Church & Dwight in the fourth quarter valued at about $32,000. 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.