JPMorgan Chase & Co. Lowers Church & Dwight (NYSE:CHD) Price Target to $106.00

Church & Dwight (NYSE:CHD) had its price target reduced by JPMorgan Chase & Co. from $107.00 to $106.00 in a research report sent to investors on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Several other equities research analysts have also commented on the stock. Truist Financial boosted their price objective 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $105.00 target price on shares of Church & Dwight in a research note on Monday, February 3rd. Barclays upped their target price on shares of Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 4th. TD Cowen boosted their price objective on shares of Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, 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 report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $111.47.

Church & Dwight Price Performance

CHD stock opened at $105.40 on Friday. The firm’s 50-day moving average price is $105.35 and its two-hundred day moving average price is $104.74. Church & Dwight has a 12-month low of $96.35 and a 12-month high of $113.50. The stock has a market capitalization of $25.93 billion, a price-to-earnings ratio of 44.47, a PEG 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.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 company earned $0.65 EPS. As a group, equities analysts predict that Church & Dwight will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.295 per share. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.12%. Church & Dwight’s dividend payout ratio is currently 49.79%.

Insider Buying and Selling

In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the stock in a transaction on 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 completion of the transaction, the director now owns 32,500 shares in the company, valued at $3,448,575. This trade represents a 23.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Rick Spann sold 39,520 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $112.00, for a total transaction of $4,426,240.00. Following the transaction, the executive vice president now owns 4,973 shares of the company’s stock, valued at $556,976. This trade represents a 88.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,522 shares of company stock worth $5,487,555. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Church & Dwight

Several institutional investors have recently made changes to their positions in the company. Ascent Group LLC increased its stake 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 buying an additional 2,512 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Church & Dwight by 7.1% in the 4th quarter. Mackenzie Financial Corp now owns 117,732 shares of the company’s stock valued at $12,328,000 after buying an additional 7,830 shares in the last quarter. Forum Financial Management LP acquired a new stake in Church & Dwight in the 4th quarter worth approximately $300,000. Pacific Point Advisors LLC acquired a new stake in Church & Dwight in the 4th quarter worth approximately $1,286,000. Finally, Sunbelt Securities Inc. boosted its stake 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 purchasing an additional 485 shares in the last quarter. 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.