Church & Dwight (NYSE:CHD) Price Target Lowered to $103.00 at Stifel Nicolaus

Church & Dwight (NYSE:CHD) had its price target dropped by stock analysts at Stifel Nicolaus from $105.00 to $103.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target suggests a potential downside of 3.74% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Piper Sandler lifted their price target on shares of Church & Dwight from $124.00 to $128.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Wells Fargo & Company raised their price target on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. upped their price objective on Church & Dwight from $99.00 to $107.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, Barclays raised their target price on Church & Dwight from $85.00 to $90.00 and gave the stock an “underweight” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $110.61.

Church & Dwight Stock Performance

Shares of NYSE:CHD traded up $0.73 on Friday, hitting $107.00. 420,686 shares of the company were exchanged, compared to its average volume of 1,493,566. The company’s 50 day moving average price is $106.82 and its two-hundred day moving average price is $104.03. The firm has a market capitalization of $26.21 billion, a price-to-earnings ratio of 47.97, a PEG ratio of 3.12 and a beta of 0.58. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. Church & Dwight has a one year low of $96.09 and a one year high of $113.50.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. Research analysts expect that Church & Dwight will post 3.44 earnings per share for the current year.

Insider Buying and Selling

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 45,120 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $112.19, for a total transaction of $5,062,012.80. Following the completion of the sale, the executive vice president now directly owns 10,325 shares of the company’s stock, valued at approximately $1,158,361.75. The trade was a 81.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Joseph James Longo sold 7,780 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $112.44, for a total transaction of $874,783.20. Following the completion of the transaction, the chief accounting officer now directly owns 400 shares in the company, valued at $44,976. This trade represents a 95.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 593,035 shares of company stock worth $62,282,808 in the last quarter. Insiders own 1.40% of the company’s stock.

Institutional Trading of Church & Dwight

Several institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC increased its holdings in Church & Dwight by 1,617.3% in the second quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock valued at $134,043,000 after purchasing an additional 1,217,568 shares during the last quarter. Marshall Wace LLP grew its position in shares of Church & Dwight by 4,161.5% during the 2nd quarter. Marshall Wace LLP now owns 1,100,410 shares of the company’s stock worth $114,091,000 after buying an additional 1,074,588 shares during the period. Holocene Advisors LP bought a new stake in shares of Church & Dwight in the 3rd quarter valued at about $104,795,000. State Street Corp boosted its stake in Church & Dwight by 8.0% during the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company’s stock worth $1,373,542,000 after acquiring an additional 969,006 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new position in Church & Dwight during the third quarter valued at approximately $58,338,000. Institutional investors 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.