Wells Fargo & Company Issues Positive Forecast for Church & Dwight (NYSE:CHD) Stock Price

Church & Dwight (NYSE:CHD) had its price target lifted by research analysts at Wells Fargo & Company from $115.00 to $120.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 8.02% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Truist Financial raised their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. cut their price target on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Barclays raised their target price on 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 upped their price target 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. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $105.00 price objective on shares of Church & Dwight in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $112.13.

Church & Dwight Stock Up 2.6 %

Church & Dwight stock traded up $2.77 during mid-day trading on Wednesday, reaching $111.09. The stock had a trading volume of 1,403,456 shares, compared to its average volume of 1,471,006. The firm has a market capitalization of $27.34 billion, a PE ratio of 46.87, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. The stock’s 50-day simple moving average is $107.81 and its 200-day simple moving average is $106.05. 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 fifty-two week low of $96.35 and a fifty-two week high of $116.46.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same quarter in the previous year, the firm earned $0.65 EPS. On average, sell-side analysts forecast that Church & Dwight will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 54,510 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the transaction, the executive vice president now owns 10,497 shares of the company’s stock, valued at $1,217,442.06. This represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rene Hemsey sold 11,060 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was 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 in the company, valued at approximately $707,941.26. This represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,570 shares of company stock valued at $7,538,449. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Public Sector Pension Investment Board grew its holdings in shares of Church & Dwight by 12.7% in the third quarter. Public Sector Pension Investment Board now owns 10,648 shares of the company’s stock valued at $1,115,000 after purchasing an additional 1,200 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Church & Dwight by 2.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 23,141 shares of the company’s stock valued at $2,423,000 after purchasing an additional 602 shares in the last quarter. PDT Partners LLC acquired a new position in shares of Church & Dwight during the third quarter worth $358,000. Edgestream Partners L.P. increased its holdings in Church & Dwight by 4.4% in the third quarter. Edgestream Partners L.P. now owns 3,306 shares of the company’s stock valued at $346,000 after buying an additional 140 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in Church & Dwight by 6,963.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 11,302 shares of the company’s stock worth $1,183,000 after buying an additional 11,142 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other 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.