Piper Sandler Issues Pessimistic Forecast for Church & Dwight (NYSE:CHD) Stock Price

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

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company lifted their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. JPMorgan Chase & Co. increased their price target on Church & Dwight from $99.00 to $107.00 and gave the company an "underweight" rating in a research note on Thursday, January 16th. TD Cowen upped their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their price target on Church & Dwight from $114.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Finally, Barclays boosted their target price on Church & Dwight from $85.00 to $90.00 and gave the company an "underweight" rating in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $111.53.

Church & Dwight Stock Performance

Shares of CHD stock traded down $1.89 during mid-day trading on Monday, reaching $105.30. 712,287 shares of the company's stock traded hands, compared to its average volume of 1,636,015. Church & Dwight has a 12 month low of $96.09 and a 12 month high of $113.50. The firm has a 50 day moving average price of $106.07 and a two-hundred day moving average price of $104.30. The firm has a market capitalization of $25.80 billion, a PE ratio of 44.38, a price-to-earnings-growth ratio of 3.28 and a beta of 0.59. 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 (NYSE:CHD - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting analysts' consensus estimates of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same period in the previous year, the business earned $0.65 earnings per share. On average, research analysts forecast that Church & Dwight will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $0.295 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.12%. This is a positive change from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's dividend payout ratio (DPR) is currently 47.68%.

Insider Buying and Selling at Church & Dwight

In related news, EVP Maynadier Patrick D. De sold 45,120 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $112.19, for a total transaction of $5,062,012.80. Following the completion of the transaction, the executive vice president now directly owns 10,325 shares of the company's stock, valued at $1,158,361.75. This represents a 81.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of Church & Dwight stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $106.11, for a total value of $1,061,100.00. Following the completion of the sale, the director now directly owns 32,500 shares in the company, valued at $3,448,575. This represents a 23.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 115,622 shares of company stock valued at $12,842,559 in the last ninety days. Insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in Church & Dwight by 8.0% in the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company's stock valued at $1,373,542,000 after purchasing an additional 969,006 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Church & Dwight by 5.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company's stock valued at $839,472,000 after acquiring an additional 429,863 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Church & Dwight by 0.5% during the third quarter. Stifel Financial Corp now owns 4,295,527 shares of the company's stock valued at $449,830,000 after acquiring an additional 21,607 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Church & Dwight by 5.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company's stock valued at $351,668,000 after purchasing an additional 175,221 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Church & Dwight by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,448,584 shares of the company's stock valued at $151,681,000 after purchasing an additional 49,082 shares in 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.