Church & Dwight (NYSE:CHD) Price Target Cut to $97.00 by Analysts at JPMorgan Chase & Co.

Church & Dwight (NYSE:CHD) had its price target dropped by JPMorgan Chase & Co. from $98.00 to $97.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 8.59% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Church & Dwight from $109.00 to $112.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Truist Financial lifted their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday. Argus raised Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Friday, February 23rd. TheStreet raised Church & Dwight from a “c+” rating to a “b” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus upped their price objective on Church & Dwight from $91.00 to $99.00 and gave the stock a “hold” rating in a report on Monday, February 5th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Church & Dwight presently has an average rating of “Hold” and a consensus target price of $105.63.

Church & Dwight Price Performance

NYSE:CHD traded up $0.23 during trading hours on Friday, hitting $106.11. The stock had a trading volume of 1,283,889 shares, compared to its average volume of 1,247,251. The company has a 50 day simple moving average of $103.68 and a two-hundred day simple moving average of $97.76. The firm has a market capitalization of $25.88 billion, a price-to-earnings ratio of 33.69, a P/E/G ratio of 3.55 and a beta of 0.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.64. Church & Dwight has a one year low of $82.25 and a one year high of $108.68.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.10. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $0.85 earnings per share. Research analysts forecast that Church & Dwight will post 3.46 earnings per share for the current fiscal year.

Insider Transactions at Church & Dwight

In related news, EVP Barry A. Bruno sold 9,926 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the transaction, the executive vice president now owns 4,319 shares in the company, valued at $451,551.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Church & Dwight news, EVP Rene Hemsey sold 9,280 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $100.22, for a total value of $930,041.60. Following the completion of the transaction, the executive vice president now owns 6,373 shares in the company, valued at $638,702.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Barry A. Bruno sold 9,926 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the sale, the executive vice president now owns 4,319 shares in the company, valued at approximately $451,551.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 373,052 shares of company stock valued at $38,603,796. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CHD. Commonwealth Equity Services LLC grew its holdings in Church & Dwight by 0.6% in the third quarter. Commonwealth Equity Services LLC now owns 75,007 shares of the company’s stock worth $6,873,000 after purchasing an additional 446 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Church & Dwight by 0.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 203,722 shares of the company’s stock worth $18,667,000 after purchasing an additional 1,660 shares in the last quarter. Stratos Wealth Advisors LLC grew its stake in shares of Church & Dwight by 8.0% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 9,355 shares of the company’s stock worth $857,000 after buying an additional 693 shares during the last quarter. Forsta AP Fonden increased its position in Church & Dwight by 11.1% during the 3rd quarter. Forsta AP Fonden now owns 53,100 shares of the company’s stock valued at $4,866,000 after buying an additional 5,300 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Church & Dwight by 317.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 164,844 shares of the company’s stock valued at $15,105,000 after buying an additional 125,386 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors.

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.