Church & Dwight (NYSE:CHD) Receives New Coverage from Analysts at Piper Sandler

Piper Sandler started coverage on shares of Church & Dwight (NYSE:CHD) in a research report released on Tuesday morning, MarketBeat reports. The brokerage issued an overweight rating and a $120.00 price target on the stock.

CHD has been the topic of a number of other reports. Wells Fargo & Company dropped their target price on shares of Church & Dwight from $116.00 to $108.00 and set an overweight rating on the stock in a research report on Monday, August 5th. BNP Paribas began coverage on shares of Church & Dwight in a research report on Monday, June 24th. They issued a neutral rating and a $114.00 target price on the stock. Argus increased their target price on shares of Church & Dwight from $115.00 to $125.00 and gave the company a buy rating in a research report on Tuesday, June 11th. JPMorgan Chase & Co. dropped their target price on shares of Church & Dwight from $101.00 to $97.00 and set an underweight rating on the stock in a research report on Monday, August 5th. Finally, Morgan Stanley downgraded shares of Church & Dwight from an overweight rating to an equal weight rating and set a $110.00 price objective on the stock. in a research report on Monday, September 9th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $107.25.

Church & Dwight Trading Up 1.4 %

Shares of NYSE:CHD opened at $104.33 on Tuesday. Church & Dwight has a 52 week low of $82.25 and a 52 week high of $110.31. The company’s 50 day moving average is $102.06 and its two-hundred day moving average is $104.21. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. The company has a market cap of $25.54 billion, a PE ratio of 33.12, a P/E/G ratio of 3.81 and a beta of 0.54.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.09. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the firm posted $0.92 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities analysts predict that Church & Dwight will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Thursday, August 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 35.87%.

Insider Transactions at Church & Dwight

In related news, EVP Barry A. Bruno sold 59,328 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the sale, the executive vice president now owns 4,319 shares in the company, valued at $429,179.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Church & Dwight

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Game Plan Financial Advisors LLC acquired a new position in Church & Dwight during the first quarter worth about $26,000. Crewe Advisors LLC purchased a new stake in shares of Church & Dwight during the first quarter worth about $28,000. Roble Belko & Company Inc purchased a new stake in shares of Church & Dwight during the first quarter worth about $31,000. Rothschild Investment LLC purchased a new stake in shares of Church & Dwight during the second quarter worth about $31,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Church & Dwight during the second quarter worth about $33,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Company Profile

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.