Church & Dwight Co., Inc. (NYSE:CHD) Receives $110.61 Consensus Target Price from Brokerages

Church & Dwight Co., Inc. (NYSE:CHD) has earned a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $110.61.

Several research firms have recently issued reports on CHD. 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 note on Thursday, January 16th. Stifel Nicolaus reduced their price objective on shares of Church & Dwight from $105.00 to $103.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. TD Cowen raised 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. Piper Sandler boosted their price target on shares of Church & Dwight from $124.00 to $128.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company increased their price target on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th.

Church & Dwight Price Performance

CHD opened at $107.61 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. Church & Dwight has a 1 year low of $96.09 and a 1 year high of $113.50. The stock’s 50 day simple moving average is $106.69 and its 200 day simple moving average is $104.11. The firm has a market cap of $26.36 billion, a price-to-earnings ratio of 48.26, a PEG ratio of 3.29 and a beta of 0.58.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.74 earnings per share. As a group, analysts predict that Church & Dwight will post 3.44 earnings per share for the current year.

Insider Activity at Church & Dwight

In related news, CEO Matthew Farrell sold 300,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at approximately $11,704,740.96. This trade represents a 72.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Joseph James Longo sold 7,780 shares of Church & Dwight 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 transaction, the chief accounting officer now owns 400 shares in the company, valued at $44,976. This trade represents a 95.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 593,035 shares of company stock worth $62,282,808. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Church & Dwight

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHD. Empowered Funds LLC raised its stake in Church & Dwight by 2.8% during the 3rd quarter. Empowered Funds LLC now owns 3,651 shares of the company’s stock valued at $382,000 after purchasing an additional 99 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of Church & Dwight by 0.3% during the third quarter. Oppenheimer & Co. Inc. now owns 32,066 shares of the company’s stock valued at $3,358,000 after buying an additional 104 shares during the last quarter. HCR Wealth Advisors lifted its holdings in shares of Church & Dwight by 0.9% in the fourth quarter. HCR Wealth Advisors now owns 11,754 shares of the company’s stock worth $1,231,000 after buying an additional 106 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in Church & Dwight by 3.3% during the third quarter. Kingsview Wealth Management LLC now owns 3,373 shares of the company’s stock valued at $353,000 after acquiring an additional 107 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in Church & Dwight by 2.1% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 5,508 shares of the company’s stock valued at $577,000 after acquiring an additional 113 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Company Profile

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.