Kinloch Capital LLC Invests $4.13 Million in The Clorox Company $CLX

Kinloch Capital LLC purchased a new stake in The Clorox Company (NYSE:CLXFree Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 43,277 shares of the company’s stock, valued at approximately $4,130,000.

Several other institutional investors have also recently bought and sold shares of the business. Darwin Wealth Management LLC bought a new stake in shares of Clorox during the second quarter worth about $29,000. Caitlin John LLC boosted its holdings in Clorox by 1,807.1% during the 4th quarter. Caitlin John LLC now owns 267 shares of the company’s stock worth $27,000 after acquiring an additional 253 shares during the last quarter. Avalon Trust Co purchased a new position in Clorox during the 2nd quarter worth $29,000. Root Financial Partners LLC grew its stake in shares of Clorox by 83.8% in the 1st quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock worth $33,000 after acquiring an additional 145 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new stake in shares of Clorox in the first quarter valued at about $35,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CLX shares. Morgan Stanley cut their price target on shares of Clorox from $110.00 to $97.00 and set an “equal weight” rating on the stock in a report on Friday, May 1st. Jefferies Financial Group downgraded Clorox from a “buy” rating to a “hold” rating and cut their target price for the stock from $125.00 to $98.00 in a research note on Tuesday, July 28th. JPMorgan Chase & Co. increased their price target on Clorox from $92.00 to $95.00 and gave the company an “underweight” rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $98.00 price target on Clorox in a report on Tuesday, August 4th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Clorox in a research report on Friday, July 10th. Twelve analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $102.40.

Read Our Latest Stock Analysis on Clorox

Clorox Stock Performance

Shares of CLX stock opened at $107.20 on Tuesday. The company has a debt-to-equity ratio of 15.80, a quick ratio of 0.38 and a current ratio of 0.66. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 3.34 and a beta of 0.54. The Clorox Company has a 52 week low of $84.70 and a 52 week high of $128.90. The firm’s 50-day simple moving average is $99.20 and its two-hundred day simple moving average is $103.01.

Clorox (NYSE:CLXGet Free Report) last released its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the firm earned $2.87 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, equities analysts forecast that The Clorox Company will post 5.8 earnings per share for the current year.

Clorox Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Wednesday, August 12th will be paid a $1.25 dividend. The ex-dividend date is Wednesday, August 12th. This is a positive change from Clorox’s previous quarterly dividend of $1.24. This represents a $5.00 annualized dividend and a yield of 4.7%. Clorox’s dividend payout ratio (DPR) is currently 103.73%.

Clorox Profile

(Free Report)

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.

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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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