Church & Dwight (NYSE:CHD) Given New $128.00 Price Target at Piper Sandler

Church & Dwight (NYSE:CHD - Free Report) had its price objective lifted by Piper Sandler from $124.00 to $128.00 in a report published on Monday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other analysts have also commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Church & Dwight from $98.00 to $99.00 and gave the stock an "underweight" rating in a research report on Monday, November 4th. Morgan Stanley cut shares of Church & Dwight from an "overweight" rating to an "equal weight" rating and set a $110.00 price target on the stock. in a report on Monday, September 9th. TD Cowen raised their target price on Church & Dwight from $114.00 to $117.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Barclays lowered their target price on Church & Dwight from $86.00 to $85.00 and set an "underweight" rating on the stock in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Church & Dwight from $114.00 to $115.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Church & Dwight currently has a consensus rating of "Hold" and an average target price of $110.00.

Church & Dwight Stock Down 2.8 %

Shares of CHD traded down $2.93 during trading hours on Monday, reaching $101.71. 1,515,452 shares of the stock traded hands, compared to its average volume of 1,280,231. Church & Dwight has a 52 week low of $93.45 and a 52 week high of $113.50. The company has a market cap of $24.92 billion, a price-to-earnings ratio of 45.61, a PEG ratio of 3.86 and a beta of 0.58. The stock has a fifty day simple moving average of $106.72 and a 200 day simple moving average of $104.20. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53.

Church & Dwight (NYSE:CHD - Get Free Report) last released its earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.11. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. Church & Dwight's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 earnings per share. On average, equities analysts forecast that Church & Dwight will post 3.45 EPS for the current year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a dividend of $0.2838 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.12%. Church & Dwight's dividend payout ratio (DPR) is presently 50.67%.

Insider Activity at Church & Dwight

In related news, CEO Matthew Farrell sold 300,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total transaction of $31,152,000.00. Following the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at $11,704,740.96. This trade represents a 72.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Joseph James Longo sold 7,780 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 400 shares of the company's stock, valued at $44,976. The trade was a 95.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 593,035 shares of company stock valued at $62,282,808. Corporate insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Church & Dwight

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHD. Millennium Management LLC raised its stake in shares of Church & Dwight by 1,617.3% during the second quarter. Millennium Management LLC now owns 1,292,854 shares of the company's stock valued at $134,043,000 after acquiring an additional 1,217,568 shares during the last quarter. Marshall Wace LLP raised its position in Church & Dwight by 4,161.5% during the 2nd quarter. Marshall Wace LLP now owns 1,100,410 shares of the company's stock valued at $114,091,000 after purchasing an additional 1,074,588 shares during the last quarter. Holocene Advisors LP purchased a new stake in Church & Dwight in the 3rd quarter worth approximately $104,795,000. State Street Corp grew its position in shares of Church & Dwight by 8.0% in the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company's stock worth $1,373,542,000 after buying an additional 969,006 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new stake in Church & Dwight in the third quarter worth $58,338,000. 86.60% of the stock is currently owned by institutional investors.

About Church & Dwight

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.