Jupiter Topco LLC purchased a new position in shares of The Clorox Company (NYSE:CLX – Free Report) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 12,581 shares of the company’s stock, valued at approximately $1,201,000.
Several other hedge funds have also recently bought and sold shares of CLX. Darwin Wealth Management LLC purchased a new position in shares of Clorox in the second quarter valued at $29,000. Caitlin John LLC boosted its position 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 in the last quarter. Ancora Advisors LLC purchased a new stake in shares of Clorox in the 2nd quarter worth about $28,000. Avalon Trust Co acquired a new stake in Clorox in the 2nd quarter valued at about $29,000. Finally, Root Financial Partners LLC increased its holdings in Clorox by 83.8% during the 1st quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock valued at $33,000 after acquiring an additional 145 shares in the last quarter. 78.53% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on Clorox in a research report on Tuesday, August 4th. Zacks Research cut Clorox from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. raised their price target on Clorox from $92.00 to $95.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 4th. BNP Paribas Exane cut their price target on Clorox from $97.00 to $95.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Finally, Wall Street Zen downgraded Clorox from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Twelve investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, Clorox presently has an average rating of “Reduce” and an average target price of $102.40.
Clorox Trading Down 1.3%
Shares of CLX stock opened at $93.05 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.66 and a debt-to-equity ratio of 15.80. The Clorox Company has a fifty-two week low of $84.70 and a fifty-two week high of $128.90. The firm’s 50 day moving average price is $99.89 and its two-hundred day moving average price is $101.72. The stock has a market cap of $11.25 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 2.91 and a beta of 0.56.
Clorox (NYSE:CLX – Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.91 billion. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, analysts anticipate that The Clorox Company will post 5.8 EPS for the current year.
Clorox Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Wednesday, August 12th were paid a dividend of $1.25 per share. This is a boost from Clorox’s previous quarterly dividend of $1.24. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Wednesday, August 12th. Clorox’s payout ratio is presently 103.73%.
Clorox Company 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.
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