JPMorgan Chase & Co. Issues Positive Forecast for Church & Dwight (NYSE:CHD) Stock Price

Church & Dwight (NYSE:CHD) had its price target lifted by JPMorgan Chase & Co. from $98.00 to $99.00 in a report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

CHD has been the subject of a number of other reports. TD Cowen initiated coverage on Church & Dwight in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 price objective for the company. Stifel Nicolaus cut their price target on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a report on Monday, August 5th. Wells Fargo & Company increased their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday. Piper Sandler assumed coverage on shares of Church & Dwight in a research report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price target for the company. Finally, Truist Financial lowered their price objective on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $108.05.

Church & Dwight Stock Performance

CHD opened at $103.91 on Monday. The firm has a fifty day moving average price of $103.01 and a 200 day moving average price of $104.02. Church & Dwight has a 1 year low of $88.37 and a 1 year high of $110.31. The stock has a market cap of $25.46 billion, a P/E ratio of 46.60, a P/E/G ratio of 3.78 and a beta of 0.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm posted $0.74 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. Equities research analysts anticipate that Church & Dwight will post 3.45 earnings per share for the current year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Friday, November 15th. Church & Dwight’s payout ratio is 50.67%.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, Director Arthur B. Winkleblack sold 11,590 shares of Church & Dwight stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the completion of the sale, the director now directly owns 7,129 shares in the company, valued at $740,275.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Arthur B. Winkleblack sold 11,590 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the completion of the transaction, the director now directly owns 7,129 shares in the company, valued at $740,275.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew Farrell sold 300,000 shares of Church & Dwight stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $103.84, for a total value of $31,152,000.00. Following the completion of the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,704,740.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 477,413 shares of company stock valued at $49,440,249 over the last 90 days. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CHD. Caprock Group LLC boosted its position in Church & Dwight by 3.5% in the 3rd quarter. Caprock Group LLC now owns 10,847 shares of the company’s stock valued at $1,136,000 after buying an additional 363 shares during the period. Quest Partners LLC acquired a new stake in shares of Church & Dwight in the third quarter valued at $253,000. Swiss National Bank boosted its holdings in Church & Dwight by 0.5% in the third quarter. Swiss National Bank now owns 725,800 shares of the company’s stock valued at $76,006,000 after purchasing an additional 3,600 shares during the period. S&CO Inc. grew its stake in Church & Dwight by 0.7% during the 3rd quarter. S&CO Inc. now owns 652,621 shares of the company’s stock worth $68,342,000 after purchasing an additional 4,705 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Church & Dwight by 5.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 30,266 shares of the company’s stock worth $3,170,000 after purchasing an additional 1,638 shares during the period. 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.