Church & Dwight (NYSE:CHD) Given New $97.00 Price Target at JPMorgan Chase & Co.

Church & Dwight (NYSE:CHD) had its price objective decreased by JPMorgan Chase & Co. from $101.00 to $97.00 in a research note published on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

A number of other research analysts have also recently weighed in on CHD. Truist Financial reduced their target price on Church & Dwight from $115.00 to $110.00 and set a buy rating on the stock in a report on Monday. Barclays dropped their price objective on shares of Church & Dwight from $82.00 to $80.00 and set an underweight rating for the company in a research report on Friday, July 19th. TD Cowen initiated coverage on shares of Church & Dwight in a research report on Tuesday, July 23rd. They set a buy rating and a $116.00 price target for the company. BNP Paribas assumed coverage on Church & Dwight in a research note on Monday, June 24th. They issued a neutral rating and a $114.00 target price for the company. Finally, Stifel Nicolaus reduced their price target on Church & Dwight from $107.00 to $105.00 and set a hold rating on the stock in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Church & Dwight currently has a consensus rating of Hold and an average target price of $106.58.

Church & Dwight Stock Up 0.6 %

CHD opened at $102.21 on Monday. Church & Dwight has a 52 week low of $82.25 and a 52 week high of $110.31. The firm has a market cap of $25.02 billion, a P/E ratio of 32.45, a PEG ratio of 3.39 and a beta of 0.52. The business’s fifty day simple moving average is $104.42 and its 200 day simple moving average is $103.48. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.84 by $0.09. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. Church & Dwight’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 earnings per share. As a group, equities research analysts anticipate that Church & Dwight will post 3.43 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be given a $0.2838 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.11%. Church & Dwight’s payout ratio is 35.87%.

Insider Activity at Church & Dwight

In other Church & Dwight news, CFO Richard A. Dierker sold 86,740 shares of Church & Dwight stock in a transaction on Friday, June 14th. The shares were sold at an average price of $106.56, for a total value of $9,243,014.40. Following the completion of the transaction, the chief financial officer now owns 7,634 shares of the company’s stock, valued at $813,479.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Church & Dwight news, CFO Richard A. Dierker sold 86,740 shares of Church & Dwight stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $106.56, for a total value of $9,243,014.40. Following the completion of the transaction, the chief financial officer now directly owns 7,634 shares in the company, valued at $813,479.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Barry A. Bruno sold 59,328 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the sale, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $429,179.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 220,722 shares of company stock valued at $23,139,816. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Church & Dwight

Institutional investors have recently modified their holdings of the company. Game Plan Financial Advisors LLC acquired a new position in Church & Dwight during the 1st quarter valued at about $26,000. Crewe Advisors LLC acquired a new position in shares of Church & Dwight during the first quarter worth approximately $28,000. Roble Belko & Company Inc bought a new position in Church & Dwight in the 1st quarter worth approximately $31,000. Rothschild Investment LLC bought a new position in Church & Dwight in the 2nd quarter worth approximately $31,000. Finally, Creekmur Asset Management LLC bought a new stake in Church & Dwight during the 4th quarter valued at $32,000. Institutional investors own 86.60% of the company’s stock.

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.