Church & Dwight (NYSE:CHD) Price Target Increased to $115.00 by Analysts at Truist Financial

Church & Dwight (NYSE:CHD) had its price target increased by research analysts at Truist Financial from $110.00 to $115.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 8.38% from the stock’s current price.

Several other equities analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Church & Dwight from $109.00 to $112.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Stifel Nicolaus lifted their price target on shares of Church & Dwight from $91.00 to $99.00 and gave the company a “hold” rating in a report on Monday, February 5th. The Goldman Sachs Group assumed coverage on shares of Church & Dwight in a report on Friday, March 1st. They set a “buy” rating and a $110.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Church & Dwight from $87.00 to $95.00 and gave the company an “underweight” rating in a report on Thursday, January 18th. Finally, Royal Bank of Canada boosted their target price on shares of Church & Dwight from $94.00 to $103.00 and gave the stock a “sector perform” rating in a research note on Monday, February 5th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $105.63.

Church & Dwight Stock Performance

Shares of CHD opened at $106.11 on Friday. The company’s fifty day moving average is $103.68 and its 200-day moving average is $97.76. Church & Dwight has a 12 month low of $82.25 and a 12 month high of $108.68. The firm has a market cap of $25.88 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 3.55 and a beta of 0.51. The company has a quick ratio of 0.64, a current ratio of 1.33 and a debt-to-equity ratio of 0.54.

Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the business posted $0.85 EPS. Church & Dwight’s revenue was up 5.1% compared to the same quarter last year. Equities analysts expect that Church & Dwight will post 3.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Michael Read sold 4,500 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $105.00, for a total value of $472,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Matthew Farrell sold 275,000 shares of Church & Dwight stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $103.83, for a total value of $28,553,250.00. Following the sale, the chief executive officer now owns 112,719 shares of the company’s stock, valued at $11,703,613.77. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Read sold 4,500 shares of Church & Dwight stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $105.00, for a total value of $472,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 373,052 shares of company stock worth $38,603,796. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Church & Dwight

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in Church & Dwight by 89.1% during the third quarter. JPMorgan Chase & Co. now owns 6,027,312 shares of the company’s stock worth $552,283,000 after buying an additional 2,839,783 shares during the last quarter. Norges Bank acquired a new position in Church & Dwight during the fourth quarter worth approximately $259,967,000. Capital International Investors increased its position in Church & Dwight by 39.2% during the fourth quarter. Capital International Investors now owns 9,004,713 shares of the company’s stock worth $851,414,000 after buying an additional 2,533,877 shares during the last quarter. Vanguard Group Inc. increased its position in Church & Dwight by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock worth $2,861,865,000 after buying an additional 354,946 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Church & Dwight by 26.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,334,950 shares of the company’s stock valued at $126,233,000 after purchasing an additional 277,017 shares during 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.