Piper Sandler Initiates Coverage on Church & Dwight (NYSE:CHD)

Equities research analysts at Piper Sandler started coverage on shares of Church & Dwight (NYSE:CHD - Get Free Report) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm set an "overweight" rating and a $120.00 price target on the stock. Piper Sandler's target price would indicate a potential upside of 16.35% from the stock's previous close.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company reduced their target price on Church & Dwight from $116.00 to $108.00 and set an "overweight" rating for the company in a report on Monday, August 5th. Truist Financial decreased their price objective on shares of Church & Dwight from $115.00 to $110.00 and set a "buy" rating for the company in a report on Monday, August 5th. Morgan Stanley downgraded shares of Church & Dwight from an "overweight" rating to an "equal weight" rating and set a $110.00 target price on the stock. in a report on Monday, September 9th. Stifel Nicolaus cut their target price on shares of Church & Dwight from $107.00 to $105.00 and set a "hold" rating for the company in a research report on Monday, August 5th. Finally, TD Cowen began coverage on Church & Dwight in a research report on Tuesday, July 23rd. They issued a "buy" rating and a $116.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $107.25.

Church & Dwight Stock Down 0.4 %

CHD traded down $0.38 during midday trading on Tuesday, hitting $103.14. 1,536,796 shares of the company's stock traded hands, compared to its average volume of 1,376,693. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98. The company has a market cap of $25.22 billion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 3.55 and a beta of 0.54. Church & Dwight has a one year low of $82.25 and a one year high of $110.31. The stock's fifty day simple moving average is $102.06 and its 200-day simple moving average is $104.23.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.09. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business earned $0.92 EPS. Church & Dwight's quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts anticipate that Church & Dwight will post 3.43 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Barry A. Bruno sold 59,328 shares of the company's stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the sale, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $429,179.03. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Church & Dwight

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Church & Dwight by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company's stock worth $2,861,865,000 after acquiring an additional 354,946 shares during the last quarter. Capital International Investors grew its holdings in shares of Church & Dwight by 1.0% during the first quarter. Capital International Investors now owns 9,097,575 shares of the company's stock worth $948,968,000 after purchasing an additional 92,862 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Church & Dwight by 2.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,586,482 shares of the company's stock valued at $786,566,000 after buying an additional 153,127 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Church & Dwight by 1.8% in the first quarter. ProShare Advisors LLC now owns 1,783,412 shares of the company's stock valued at $186,028,000 after buying an additional 31,145 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Church & Dwight by 26.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,334,950 shares of the company's stock worth $126,233,000 after buying an additional 277,017 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

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.