Church & Dwight (NYSE:CHD) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Church & Dwight (NYSE:CHD) had its price target boosted by analysts at Wells Fargo & Company from $115.00 to $120.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 10.64% from the stock’s current price.

CHD has been the subject of several other reports. Piper Sandler reduced their target price on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Barclays boosted their target price on shares of Church & Dwight from $93.00 to $97.00 and gave the stock an “underweight” rating in a research report on Thursday, March 27th. Stifel Nicolaus lifted their target price on Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research report on Monday, February 3rd. Truist Financial boosted their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $105.00 target price on shares of Church & Dwight in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $112.13.

Church & Dwight Stock Down 0.9 %

Church & Dwight stock traded down $1.01 during trading on Wednesday, reaching $108.46. 367,668 shares of the company’s stock were exchanged, compared to its average volume of 1,581,198. The firm has a market cap of $26.69 billion, a price-to-earnings ratio of 45.75, a PEG ratio of 3.32 and a beta of 0.57. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. Church & Dwight has a 52-week low of $96.35 and a 52-week high of $116.46. The company’s 50-day moving average is $107.78 and its two-hundred day moving average is $106.04.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter last year, the business posted $0.65 earnings per share. On average, analysts predict that Church & Dwight will post 3.7 earnings per share for the current year.

Insider Transactions at Church & Dwight

In other Church & Dwight news, EVP Rene Hemsey sold 11,060 shares of the 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 transaction, the executive vice president now directly owns 6,437 shares of the company’s stock, valued at $707,941.26. This represents a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the transaction, the executive vice president now owns 10,497 shares in the company, valued at approximately $1,217,442.06. This trade represents a 83.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,570 shares of company stock valued at $7,538,449. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Church & Dwight

Several hedge funds have recently modified their holdings of the business. Norges Bank bought a new stake in shares of Church & Dwight during the fourth quarter valued at approximately $318,532,000. JPMorgan Chase & Co. raised its position in shares of Church & Dwight by 19.4% during the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company’s stock worth $768,157,000 after acquiring an additional 1,190,154 shares during the last quarter. State Street Corp lifted its stake in shares of Church & Dwight by 8.0% during the third quarter. State Street Corp now owns 13,116,334 shares of the company’s stock valued at $1,373,542,000 after acquiring an additional 969,006 shares during the period. Raymond James Financial Inc. bought a new position in Church & Dwight in the fourth quarter valued at about $76,565,000. Finally, World Investment Advisors LLC acquired a new stake in Church & Dwight in the third quarter worth about $58,338,000. 86.60% of the stock is owned by institutional investors.

Church & Dwight Company Profile

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.