Church & Dwight (NYSE:CHD) Given New $99.00 Price Target at JPMorgan Chase & Co.

Church & Dwight (NYSE:CHD) had its target price hoisted by analysts at JPMorgan Chase & Co. from $98.00 to $99.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 4.93% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. TD Cowen began coverage on shares of Church & Dwight in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 price target on the stock. Piper Sandler began coverage on shares of Church & Dwight in a research note on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 price target on the stock. Truist Financial dropped their price target on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Wells Fargo & Company upped their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Barclays upped their target price on shares of Church & Dwight from $82.00 to $86.00 and gave the company an “underweight” rating in a research note on Friday, October 11th. Three 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’s stock. According to data from MarketBeat, Church & Dwight presently has an average rating of “Hold” and a consensus target price of $108.05.

Church & Dwight Stock Up 1.1 %

NYSE:CHD opened at $104.13 on Monday. The company has a market capitalization of $25.49 billion, a PE ratio of 46.70, a P/E/G ratio of 3.87 and a beta of 0.55. The firm’s 50-day moving average price is $102.98 and its 200-day moving average price is $104.03. Church & Dwight has a 1-year low of $86.23 and a 1-year high of $110.31. 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 announced its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. Church & Dwight’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 EPS. On average, equities analysts predict that Church & Dwight will post 3.43 EPS for the current fiscal year.

Insider Activity

In related news, CEO Matthew Farrell sold 165,823 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $103.03, for a total value of $17,084,743.69. Following the completion of the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at approximately $11,613,438.57. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Matthew Farrell sold 165,823 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $103.03, for a total value of $17,084,743.69. Following the completion of the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at approximately $11,613,438.57. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Arthur B. Winkleblack sold 11,590 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 7,129 shares of the company’s stock, valued at $740,275.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Church & Dwight

A number of institutional investors have recently added to or reduced their stakes in CHD. Millennium Management LLC grew its holdings in Church & Dwight by 1,617.3% during the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock valued at $134,043,000 after buying an additional 1,217,568 shares in the last quarter. Marshall Wace LLP grew its holdings in Church & Dwight by 4,161.5% during the 2nd quarter. Marshall Wace LLP now owns 1,100,410 shares of the company’s stock valued at $114,091,000 after buying an additional 1,074,588 shares in the last quarter. Capital Research Global Investors purchased a new stake in Church & Dwight during the 1st quarter valued at approximately $69,384,000. Assenagon Asset Management S.A. grew its holdings in Church & Dwight by 394.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 335,624 shares of the company’s stock valued at $35,147,000 after buying an additional 267,801 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Church & Dwight by 5.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock valued at $351,668,000 after buying an additional 175,221 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other 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.