Church & Dwight (NYSE:CHD) Stock Gets Price Target Bump from JPMorgan Chase & Co.

Church & Dwight (NYSE:CHD) had its price objective lifted by equities researchers at JPMorgan Chase & Co. from $105.00 to $109.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 0.47% from the company’s current price.

Several other brokerages have also recently weighed in on CHD. Barclays reaffirmed an “underweight” rating and issued a $83.00 price target (down from $86.00) on shares of Church & Dwight in a research report on Friday, October 16th. Citigroup restated a “neutral” rating and issued a $105.00 price objective (up from $100.00) on shares of Church & Dwight in a research report on Monday, August 3rd. Oppenheimer increased their price target on shares of Church & Dwight from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. TD Cowen set a $97.00 target price on shares of Church & Dwight and gave the stock a “hold” rating in a report on Monday, August 3rd. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $115.00 target price (up from $105.00) on shares of Church & Dwight in a research report on Monday. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $105.94.

Church & Dwight Stock Up 1.2%

Church & Dwight stock traded up $1.26 during midday trading on Monday, reaching $108.49. The stock had a trading volume of 117,345 shares, compared to its average volume of 2,060,914. The stock has a market capitalization of $25.73 billion, a P/E ratio of 33.53, a price-to-earnings-growth ratio of 3.83 and a beta of 0.45. Church & Dwight has a 1-year low of $81.49 and a 1-year high of $111.23. The firm’s fifty day simple moving average is $99.27 and its 200-day simple moving average is $97.66. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 0.96.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, October 30th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. Church & Dwight had a return on equity of 20.28% and a net margin of 12.41%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 earnings per share. As a group, analysts expect that Church & Dwight will post 3.77 EPS for the current fiscal year.

Insider Buying and Selling at Church & Dwight

In other news, EVP Rene Hemsey sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $102.25, for a total value of $511,250.00. Following the sale, the executive vice president directly owned 8,086 shares in the company, valued at approximately $826,793.50. This trade represents a 38.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Carlos G. Linares sold 15,375 shares of Church & Dwight stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $103.00, for a total transaction of $1,583,625.00. Following the sale, the executive vice president owned 4,668 shares in the company, valued at $480,804. This represents a 76.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 53,250 shares of company stock worth $5,462,048 in the last 90 days. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Church & Dwight

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Church & Dwight during the 2nd quarter worth $2,174,535,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Church & Dwight by 51.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,050,105 shares of the company’s stock valued at $468,902,000 after buying an additional 1,709,090 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Church & Dwight by 18.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,925,749 shares of the company’s stock worth $283,447,000 after acquiring an additional 457,445 shares in the last quarter. Bank of America Corp DE lifted its holdings in Church & Dwight by 28.9% in the first quarter. Bank of America Corp DE now owns 2,548,871 shares of the company’s stock valued at $237,861,000 after acquiring an additional 572,085 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Church & Dwight by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,170,890 shares of the company’s stock worth $202,597,000 after purchasing an additional 64,803 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 is a consumer packaged goods company that develops, manufactures and markets household, personal care and specialty products. Its portfolio is anchored by the ARM & HAMMER brand, which is used across products such as baking soda, laundry detergent, cat litter, household cleaners, oral care products and personal care items.

The company also markets a broad range of branded products, including OxiClean laundry and cleaning products, Trojan sexual wellness products, Waterpik oral health devices, First Response pregnancy and fertility tests, Nair hair-removal products, Orajel oral pain relief, TheraBreath oral care products, and vitamins and supplements sold under the Vitafusion and L’il Critters brands.