Church & Dwight (NYSE:CHD) Stock Rating Upgraded by Royal Bank of Canada

Church & Dwight (NYSE:CHD) was upgraded by equities researchers at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Monday, MarketBeat reports. The firm presently has a $114.00 price target on the stock, up from their prior price target of $100.00. Royal Bank of Canada’s target price points to a potential upside of 14.48% from the company’s current price.

Several other analysts also recently commented on the company. 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 reduced their target price on Church & Dwight from $94.00 to $84.00 and set an “underweight” rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company lifted their price target on Church & Dwight from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, April 2nd. Morgan Stanley cut their price target on Church & Dwight from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, May 5th. Finally, TD Cowen downgraded Church & Dwight from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research note on Tuesday, May 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and an average target price of $110.00.

Church & Dwight Stock Performance

Shares of CHD opened at $99.59 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The stock has a 50-day moving average of $99.75 and a 200-day moving average of $104.61. The company has a market cap of $24.53 billion, a PE ratio of 42.02, a P/E/G ratio of 3.32 and a beta of 0.55. Church & Dwight has a one year low of $90.99 and a one year high of $116.46.

Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, May 1st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.89 by $0.02. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.52 billion. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the business posted $0.96 EPS. On average, equities research analysts predict that Church & Dwight will post 3.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the transaction, the executive vice president now owns 10,497 shares of the company’s stock, valued at $1,217,442.06. This trade represents a 83.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 6,437 shares in the company, valued at $707,941.26. This trade represents a 63.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,765 shares of company stock valued at $11,821,881 in the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Church & Dwight

Hedge funds have recently modified their holdings of the stock. YANKCOM Partnership bought a new stake in shares of Church & Dwight in the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC raised its holdings in shares of Church & Dwight by 92.9% in the 1st quarter. IAG Wealth Partners LLC now owns 270 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of Church & Dwight in the 4th quarter worth approximately $39,000. Bernard Wealth Management Corp. bought a new stake in shares of Church & Dwight in the 4th quarter worth approximately $40,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Church & Dwight in the 1st quarter worth approximately $40,000. Institutional investors own 86.60% of the company’s stock.

About Church & Dwight

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.