Vise Technologies Inc. Buys New Shares in The Clorox Company $CLX

Vise Technologies Inc. purchased a new stake in shares of The Clorox Company (NYSE:CLX – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,655 shares of the company’s stock, valued at approximately $540,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wilkins Investment Counsel Inc. raised its stake in shares of Clorox by 250.6% during the fourth quarter. Wilkins Investment Counsel Inc. now owns 55,064 shares of the company’s stock worth $5,552,000 after acquiring an additional 39,360 shares in the last quarter. Morningstar Investment Management LLC boosted its stake in shares of Clorox by 131.8% in the 4th quarter. Morningstar Investment Management LLC now owns 62,454 shares of the company’s stock valued at $6,297,000 after purchasing an additional 35,506 shares in the last quarter. Bank of America Corp DE raised its position in Clorox by 6.1% in the 1st quarter. Bank of America Corp DE now owns 1,405,774 shares of the company’s stock worth $145,680,000 after purchasing an additional 80,618 shares during the period. National Pension Service boosted its position in Clorox by 68.9% during the fourth quarter. National Pension Service now owns 27,537 shares of the company’s stock valued at $2,777,000 after buying an additional 11,233 shares during the period. Finally, Ilmarinen Mutual Pension Insurance Co bought a new stake in shares of Clorox in the 4th quarter valued at about $1,966,000. Institutional investors own 78.53% of the company’s stock.

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Clorox Stock Performance

Clorox stock opened at $107.20 on Tuesday. The Clorox Company has a fifty-two week low of $84.70 and a fifty-two week high of $128.90. The stock’s 50 day simple moving average is $99.20 and its two-hundred day simple moving average is $103.01. 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 stock has a market cap of $12.96 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 3.34 and a beta of 0.54.

Clorox (NYSE:CLX – Get Free Report) last announced 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. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the company earned $2.87 EPS. The business’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, 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 announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Wednesday, August 12th will be issued a dividend of $1.25 per share. This is a boost from Clorox’s previous quarterly dividend of $1.24. The ex-dividend date is Wednesday, August 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.7%. Clorox’s dividend payout ratio (DPR) is presently 103.73%.

Analyst Ratings Changes

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

Read Our Latest Analysis on Clorox

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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