Truist Financial Increases Church & Dwight (NYSE:CHD) Price Target to $115.00

Church & Dwight (NYSE:CHD) had its price objective increased by investment analysts at Truist Financial from $110.00 to $115.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 8.50% from the stock’s previous close.

Several other research analysts have also recently weighed in on CHD. JPMorgan Chase & Co. boosted their price target on shares of Church & Dwight from $99.00 to $107.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. Barclays upped their price objective on Church & Dwight from $85.00 to $90.00 and gave the company an “underweight” rating in a report on Friday, January 17th. Piper Sandler decreased their price target on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday. TD Cowen increased their price target on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $105.00 price objective on shares of Church & Dwight in a report on Monday. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $111.17.

Church & Dwight Stock Performance

Shares of NYSE:CHD 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. Church & Dwight has a 1 year low of $96.09 and a 1 year high of $113.50. The firm has a market capitalization of $25.97 billion, a PE ratio of 44.72, a P/E/G ratio of 3.28 and a beta of 0.59. The business’s 50 day moving average price is $106.22 and its 200-day moving average price is $104.25.

Church & Dwight (NYSE:CHD) last released 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 last year, the business posted $0.65 EPS. As a group, equities research analysts expect that Church & Dwight will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other 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 sale, the chief accounting officer now directly owns 400 shares in the company, valued at approximately $44,976. This trade represents a 95.11 % 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, Director Ravichandra Krishnamu Saligram sold 10,000 shares of Church & Dwight stock in a transaction on Monday, December 16th. The stock was sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the sale, the director now directly owns 32,500 shares of the company’s stock, valued at approximately $3,448,575. This trade represents a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 115,622 shares of company stock valued at $12,842,559 in the last three months. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Church & Dwight

Several hedge funds and other institutional investors have recently made changes to their positions in CHD. State Street Corp grew its holdings in shares of Church & Dwight by 8.0% during the third quarter. State Street Corp now owns 13,116,334 shares of the company’s stock worth $1,373,542,000 after purchasing an additional 969,006 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Church & Dwight by 5.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock worth $839,472,000 after buying an additional 429,863 shares during the last quarter. Stifel Financial Corp grew its stake in Church & Dwight by 0.5% during the 3rd quarter. Stifel Financial Corp now owns 4,295,527 shares of the company’s stock worth $449,830,000 after buying an additional 21,607 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Church & Dwight by 5.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock worth $351,668,000 after buying an additional 175,221 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Church & Dwight by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,399,502 shares of the company’s stock valued at $146,556,000 after buying an additional 16,257 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

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.