Parvin Asset Management LLC acquired a new position in shares of The Clorox Company (NYSE:CLX – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,455 shares of the company’s stock, valued at approximately $1,570,000. Clorox makes up approximately 1.2% of Parvin Asset Management LLC’s investment portfolio, making the stock its 13th largest position.
Several other hedge funds also recently modified their holdings of CLX. Darwin Wealth Management LLC purchased a new stake in shares of Clorox in the second quarter valued at about $29,000. Caitlin John LLC boosted its stake in shares of Clorox by 1,807.1% in the 4th quarter. Caitlin John LLC now owns 267 shares of the company’s stock worth $27,000 after buying an additional 253 shares during the last quarter. Ancora Advisors LLC bought a new position in shares of Clorox in the second quarter valued at approximately $28,000. Avalon Trust Co purchased a new stake in shares of Clorox during the second quarter valued at approximately $29,000. Finally, Root Financial Partners LLC boosted its position in Clorox by 83.8% in the first quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock worth $33,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 78.53% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on CLX shares. Deutsche Bank Aktiengesellschaft set a $98.00 target price on shares of Clorox in a research report on Tuesday, August 4th. UBS Group increased their price objective on Clorox from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Wall Street Zen downgraded Clorox from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. The Goldman Sachs Group reissued a “sell” rating and issued a $83.00 price objective on shares of Clorox in a report on Friday, May 1st. Finally, BNP Paribas Exane lowered their target price on shares of Clorox from $97.00 to $95.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Twelve equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $102.40.
Clorox Price Performance
CLX opened at $104.33 on Thursday. The Clorox Company has a 12-month low of $84.70 and a 12-month high of $128.90. The stock has a market capitalization of $12.62 billion, a P/E ratio of 21.65, a PEG ratio of 3.28 and a beta of 0.54. The stock has a 50-day moving average price of $99.54 and a 200-day moving average price of $102.83. The company has a current ratio of 0.66, a quick ratio of 0.38 and a debt-to-equity ratio of 15.80.
Clorox (NYSE:CLX – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the firm earned $2.87 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Equities analysts predict that The Clorox Company will post 5.8 earnings per share for the current fiscal year.
Clorox Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Wednesday, August 12th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, August 12th. This is a positive change from Clorox’s previous quarterly dividend of $1.24. Clorox’s dividend payout ratio is currently 103.73%.
About Clorox
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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