Church & Dwight (NYSE:CHD) Stock Rating Upgraded by Bank of America

Church & Dwight (NYSE:CHD - Get Free Report) was upgraded by stock analysts at Bank of America from a "neutral" rating to a "buy" rating in a research note issued on Tuesday, Marketbeat reports. The firm presently has a $125.00 price target on the stock, up from their prior price target of $112.00. Bank of America's price objective suggests a potential upside of 18.69% from the stock's current price.

Several other research firms also recently weighed in on CHD. Stifel Nicolaus lifted their target price on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a "hold" rating in a research report on Monday, February 3rd. Royal Bank of Canada reiterated a "sector perform" rating and set a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. Wells Fargo & Company upped their target price on shares of Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Barclays lowered their target price on shares of Church & Dwight from $97.00 to $94.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. Finally, Piper Sandler decreased their target price on shares of Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $112.59.

Church & Dwight Stock Up 2.3 %

Shares of CHD traded up $2.36 during midday trading on Tuesday, reaching $105.32. 1,703,949 shares of the company were exchanged, compared to its average volume of 1,514,386. The company has a market cap of $25.92 billion, a price-to-earnings ratio of 44.44, a P/E/G ratio of 3.32 and a beta of 0.55. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. Church & Dwight has a 1-year low of $96.35 and a 1-year high of $116.46. The stock has a 50-day moving average price of $107.23 and a 200-day moving average price of $106.08.

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 the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter in the previous year, the business earned $0.65 EPS. Research analysts expect that Church & Dwight will post 3.7 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Rene Hemsey sold 11,060 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the completion of the transaction, the executive vice president now directly owns 6,437 shares of the company's stock, valued at approximately $707,941.26. This trade represents a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $115.98, for a total value of $6,322,069.80. Following the completion of the sale, the executive vice president now owns 10,497 shares in the company, valued at $1,217,442.06. This represents a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,570 shares of company stock worth $7,538,449. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Church & Dwight

A number of hedge funds have recently bought and sold shares of the business. YANKCOM Partnership bought a new stake in shares of Church & Dwight in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc boosted its stake in Church & Dwight by 224.4% during the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company's stock worth $28,000 after buying an additional 184 shares during the period. IAG Wealth Partners LLC increased its position in Church & Dwight by 92.9% during the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock valued at $30,000 after acquiring an additional 130 shares during the last quarter. Bernard Wealth Management Corp. purchased a new stake in shares of Church & Dwight in the fourth quarter worth approximately $40,000. Finally, Bank of Jackson Hole Trust bought a new position in Church & Dwight in the 4th quarter worth about $43,000. Hedge funds and other institutional investors 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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.