Public Employees Retirement System of Ohio bought a new stake in shares of The Clorox Company (NYSE:CLX – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 34,334 shares of the company’s stock, valued at approximately $3,277,000.
Several other hedge funds have also bought and sold shares of CLX. Morningstar Investment Management LLC grew its holdings in Clorox by 131.8% during the 4th quarter. Morningstar Investment Management LLC now owns 62,454 shares of the company’s stock valued at $6,297,000 after buying an additional 35,506 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Clorox by 6.1% in the first quarter. Bank of America Corp DE now owns 1,405,774 shares of the company’s stock worth $145,680,000 after buying an additional 80,618 shares in the last quarter. Corient Private Wealth LP bought a new position in shares of Clorox during the second quarter worth $6,621,000. National Pension Service boosted its position in shares of Clorox by 68.9% during the fourth quarter. National Pension Service now owns 27,537 shares of the company’s stock worth $2,777,000 after acquiring an additional 11,233 shares during the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co purchased a new position in Clorox during the fourth quarter valued at $1,966,000. Institutional investors own 78.53% of the company’s stock.
Analyst Ratings Changes
A number of analysts have issued reports on CLX shares. UBS Group lifted their price objective on Clorox from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. raised their target price on shares of Clorox from $92.00 to $95.00 and gave the company an “underweight” rating in a report on Tuesday, August 4th. Barclays restated an “underweight” rating and issued a $84.00 price target on shares of Clorox in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $98.00 price target on shares of Clorox in a research note on Tuesday, August 4th. Finally, Evercore set a $99.00 price objective on shares of Clorox in a research note on Tuesday, August 4th. Twelve investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $102.40.
Clorox Stock Performance
Shares of Clorox stock opened at $93.05 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.38 and a debt-to-equity ratio of 15.80. The stock’s fifty day moving average price is $99.89 and its 200-day moving average price is $101.72. The firm has a market cap of $11.25 billion, a P/E ratio of 19.30, a P/E/G ratio of 2.95 and a beta of 0.56. The Clorox Company has a 12 month low of $84.70 and a 12 month high of $128.90.
Clorox (NYSE:CLX – Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.02. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, equities research analysts expect that The Clorox Company will post 5.8 earnings per share for the current fiscal year.
Clorox Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Wednesday, August 12th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 5.4%. This is a positive change from Clorox’s previous quarterly dividend of $1.24. The ex-dividend date of this dividend was Wednesday, August 12th. Clorox’s payout ratio is presently 103.73%.
Clorox Profile
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.
Read More
- Five stocks we like better than Clorox
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
Want to see what other hedge funds are holding CLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Clorox Company (NYSE:CLX – Free Report).
Receive News & Ratings for Clorox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clorox and related companies with MarketBeat.com's FREE daily email newsletter.
