12 Best Household Stocks to Buy According to Hedge Funds

6. Church & Dwight Co., Inc. (NYSE:CHD)

Number of Hedge Fund Holders: 38

Church & Dwight Co., Inc. (NYSE:CHD) manufactures, develops, and markets a range of personal care, consumer household, and specialty products. The company operates in the Consumer Domestic, Consumer International, and Specialty Products Division (SPD) segments. The Consumer Domestic segment offers household products, while the Consumer International segment offers personal care, household, and over-the-counter products in international subsidiary markets.

Church & Dwight Co., Inc. (NYSE:CHD) exceeded its sales growth outlook in fiscal Q4 2024, reporting a 4.1% net sales increase in fiscal year 2024 compared to the company’s outlook of around 3.5%. It drove strong consumer demand across its geographies and portfolios in fiscal year 2024, with organic sales increasing by 4.6%. The primary driver of organic growth was volume, which Church & Dwight Co., Inc. (NYSE:CHD) expects to continue in fiscal year 2025.

These positive results reflect the strength of the company’s brands, the success of its new and innovative products, and the benefits of its continued focus on execution. The company also reported strong cash flow generation, with over $1.1 billion of cash from operations in fiscal year 2024. This growth was attributed to margin expansion, strong sales, and efficient working capital management.

On February 21, Analyst Christopher Carey of Wells Fargo maintained a Buy rating on Church & Dwight Co., Inc. (NYSE:CHD), reducing the price target to $115.00. He gave the company a Buy rating due to its strong market position and its demonstration of robust consumption trends. In addition, the company’s strategic investments and innovations, proactive engagement in mergers and acquisitions, and healthy cash reserves are anticipated to drive future growth, according to the analyst. In another report released on February 5, Argus Research analyst Taylor Conrad also reiterated a Buy rating on the company.