JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Church & Dwight (NYSE:CHD) Stock

Church & Dwight (NYSE:CHD) had its price objective upped by equities researchers at JPMorgan Chase & Co. from $98.00 to $99.00 in a report released on Monday, Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 4.93% from the stock’s previous close.

CHD has been the subject of a number of other reports. Wells Fargo & Company raised their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday. Morgan Stanley lowered shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective for the company. in a research report on Monday, September 9th. TD Cowen started coverage on shares of Church & Dwight in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 price objective for the company. Truist Financial dropped their target price on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Finally, Piper Sandler started coverage on shares of Church & Dwight in a research report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 target price for the company. Three equities research 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. According to MarketBeat, Church & Dwight presently has a consensus rating of “Hold” and an average price target of $108.05.

Church & Dwight Price Performance

Shares of NYSE:CHD opened at $104.13 on Monday. Church & Dwight has a twelve month low of $86.23 and a twelve month high of $110.31. The firm 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 company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average price of $102.98 and a two-hundred day moving average price of $104.03.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating 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 company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business earned $0.74 earnings per share. Church & Dwight’s revenue was up 3.8% compared to the same quarter last year. Equities analysts forecast that Church & Dwight will post 3.43 EPS for the current year.

Insider Transactions at Church & Dwight

In other news, Director Arthur B. Winkleblack sold 11,590 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $103.84, for a total value of $1,203,505.60. Following the completion of the sale, the director now directly owns 7,129 shares in the company, valued at approximately $740,275.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Arthur B. Winkleblack sold 11,590 shares of Church & Dwight stock in a transaction on Monday, November 4th. The shares were sold at an average price of $103.84, for a total value of $1,203,505.60. Following the transaction, the director now directly owns 7,129 shares of the company’s stock, valued at $740,275.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew Farrell sold 165,823 shares of Church & Dwight stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the completion of the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,613,438.57. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CHD. Empower Advisory Group LLC purchased a new position in Church & Dwight during the 3rd quarter valued at $216,000. Geneva Capital Management LLC increased its position in Church & Dwight by 2.6% during the 3rd quarter. Geneva Capital Management LLC now owns 288,854 shares of the company’s stock valued at $30,249,000 after purchasing an additional 7,266 shares during the period. Aptus Capital Advisors LLC purchased a new position in Church & Dwight during the 3rd quarter valued at $228,000. Aigen Investment Management LP purchased a new position in Church & Dwight during the 3rd quarter valued at $222,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Church & Dwight by 0.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 637,576 shares of the company’s stock valued at $66,767,000 after purchasing an additional 2,744 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Company Profile

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.