JPMorgan Chase & Co. Has Lowered Expectations for Church & Dwight (NYSE:CHD) Stock Price

Church & Dwight (NYSE:CHD) had its target price dropped by equities researchers at JPMorgan Chase & Co. from $107.00 to $106.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 0.57% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company upped their price target on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. TD Cowen upped their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $105.00 price target on shares of Church & Dwight in a research note on Monday, February 3rd. Finally, Truist Financial upped their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $111.47.

Church & Dwight Stock Performance

Shares of CHD stock opened at $105.40 on Friday. Church & Dwight has a 12 month low of $96.35 and a 12 month high of $113.50. The stock has a market cap of $25.93 billion, a PE ratio of 44.47, a price-to-earnings-growth ratio of 3.32 and a beta of 0.59. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The company’s fifty day moving average price is $105.35 and its 200-day moving average price is $104.69.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter in the previous year, the firm posted $0.65 EPS. On average, equities analysts expect that Church & Dwight will post 3.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other Church & Dwight news, EVP Michael Read purchased 1,100 shares of Church & Dwight stock in a transaction dated Monday, December 16th. The stock was purchased at an average price of $106.82 per share, with a total value of $117,502.00. Following the transaction, the executive vice president now directly owns 2,505 shares of the company’s stock, valued at $267,584.10. This trade represents a 78.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the sale, the director now directly owns 32,500 shares of the company’s stock, valued at $3,448,575. The trade was a 23.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,522 shares of company stock valued at $5,487,555. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Church & Dwight

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ascent Group LLC increased its holdings in Church & Dwight by 12.0% in the 4th quarter. Ascent Group LLC now owns 23,359 shares of the company’s stock worth $2,446,000 after acquiring an additional 2,512 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Church & Dwight by 7.1% in the 4th quarter. Mackenzie Financial Corp now owns 117,732 shares of the company’s stock worth $12,328,000 after acquiring an additional 7,830 shares in the last quarter. Forum Financial Management LP purchased a new stake in Church & Dwight in the 4th quarter worth approximately $300,000. Pacific Point Advisors LLC purchased a new stake in Church & Dwight in the 4th quarter worth approximately $1,286,000. Finally, Sunbelt Securities Inc. increased its holdings in Church & Dwight by 10.0% in the 4th quarter. Sunbelt Securities Inc. now owns 5,333 shares of the company’s stock worth $558,000 after acquiring an additional 485 shares in the last quarter. Hedge funds and other 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, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.