Wall Street was pleased with the results. Net earnings came in at $264 million, representing a 32% YOY increase. For instance, it sells pumps and other components to the energy sector.įor the third quarter, Dover’s revenue increased 15% YOY to $2 billion. Interested readers could regard a potential decline toward $45 as an opportune entry point.ĭover delivers consumable supplies, equipment, software, and support services. The 12-month median price forecast for Devon stock stands at $52. Shares have a reasonable valuation at 8.3 times forward earnings and 2.8 times trailing sales. It has skyrocketed close to 150% over the past 12 months.
Now it distributes around half of its excess cash via an extra dividend payment each quarter.ĭVN has a price tag at around $48.
In 2021, management launched an industry-first fixed plus variable dividend payment. Investors have been paying attention to Devon shares also for its dividend policy. As a result, energy prices will likely stay strong, providing tailwinds for sector names like DVN stock.
Free cash flow skyrocketed eightfold from the end of 2020, reaching a record $1.1 billion in Q3.Īnalysts expect oil demand to recover to pre-pandemic levels later in 2022. Third-quarter revenue increased 225% year-over-year (YOY) to $3.5 billion. In 2021, increasing crude oil prices contributed to significant revenue and earnings growth. As a result, its fortune depends heavily on energy prices. Therefore, some profit-taking could soon be in the cards.ĭevon Energy focuses on oil and gas exploration, production, and transportation in North America. The 12-month median price forecast for Church & Dwight stock stands at $92.50. However, shares have a stretched valuation at 29.5 times forward earnings and 4.7 times trailing sales. In addition to focusing on organic sales growth, management has been making acquisitions.įor instance, in late 2021, Church & Dwight announced the acquisition of TheraBreath, the second-largest brand in alcohol-free mouthwash.ĬHD stock hovers at slightly above $100, up 22.5% over the past year. The company boasts a reliable track record of increasing cash flow and dividends. Like many other manufacturers of personal hygiene and household products, Church & Dwight has benefited from the momentum provided by the pandemic.
Its diversified and high-margin portfolio includes names like Arm & Hammer, OxiClean, First Response, Orajel, and WaterPik among others. With that information, here are our 10 stocks for today:įounded in 1846, Church & Dwight manufactures and distributes consumer household, personal care and specialty products. Thus, investors might want to keep these best-performing stocks on their radar with a view to buy the dips in share price. In general, names that rally on fundamental reasons in a given year tend to perform well in subsequent quarters as well. In fact, the best-performing stocks in the S&P 500 mostly include names from energy, financial services, semiconductors, consumer discretionary, cybersecurity and healthcare sectors. However, not every member of the index was up or saw double-digit returns. The S&P 500 index increased over 26.5% in 2021, making the year one of the best in the past three decades. Need even faster support? Learn more about the available FortiCare Technical Support services options and program.When you’re talking about the best-performing stocks, for last year, it can be a tough call to make.Īfter all, it was one of the most remarkable stock market performances of recent years, surprising even seasoned investors who have already witnessed the dramatic recovery in 2020.
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