8 Best Cleaning Materials Stocks To Invest In Now

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

Number of Hedge Fund Holders as of Q2 2024: 36

Church & Dwight Co. (NYSE:CHD) manufactures, develops, and markets a range of personal care and consumer household products and specialty products focused on cleaners, chemicals, animals, and food production. Its segments include Consumer Domestic, Consumer International, and Specialty Products Division (SPD).

The company has strong fundamentals, with Q2 2024 financial results showing a solid quarter for Church & Dwight Co. (NYSE:CHD). Its sales growth reached 3.9%, surpassing its outlook of 3.5%.

This growth was primarily because of the strong results across the board from the company’s three operation segments. Organic sales also exceeded company expectations, growing by 4.7% instead of the anticipated 4%. Volume accounted for a healthy 3.5% of its growth. It also increased its market spending, gaining market share in a majority of its categories.

These positive results were driven by gross margin expansion and higher-than-anticipated sales growth. The company is continuing to grow in the online class of trade, with online sales as a percentage of its global sales touching 21.2%. It has a robust growth model, with its organic sales growth in the US consumer business reaching 3.8%.

In addition, its international business delivered an organic sales growth of 9.3% in Q2, driven by solid growth in the subsidiaries and the company’s Global Markets Group.