OMERS ADMINISTRATION Corp Takes Position in The Clorox Company $CLX

OMERS ADMINISTRATION Corp purchased a new stake in The Clorox Company (NYSE:CLXFree Report) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 6,529 shares of the company’s stock, valued at approximately $623,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CLX. Wilkins Investment Counsel Inc. grew its holdings in Clorox by 250.6% during the 4th 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 during the period. Morningstar Investment Management LLC boosted its position 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 worth $6,297,000 after purchasing an additional 35,506 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Clorox by 6.1% during the first 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 increased its holdings in Clorox by 68.9% in the fourth quarter. National Pension Service now owns 27,537 shares of the company’s stock valued at $2,777,000 after purchasing an additional 11,233 shares during the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co bought a new stake in Clorox in the fourth quarter valued at about $1,966,000. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Clorox Stock Down 0.6%

NYSE:CLX opened at $103.64 on Friday. 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 company has a market cap of $12.53 billion, a PE ratio of 21.50, a PEG ratio of 3.26 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 stock has a 50-day simple moving average of $99.69 and a 200 day simple moving average of $102.72.

Clorox (NYSE:CLXGet Free Report) last released its earnings results on Monday, August 3rd. The company reported $1.66 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the business posted $2.87 EPS. The business’s quarterly 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. On average, sell-side analysts expect that The Clorox Company will post 5.8 EPS for the current fiscal year.

Clorox Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Wednesday, August 12th will be issued a dividend of $1.25 per share. 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 4.8%. Clorox’s dividend payout ratio is currently 103.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. BNP Paribas Exane decreased their target price on Clorox from $97.00 to $95.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Evercore set a $99.00 price objective on shares of Clorox in a research note on Tuesday, August 4th. UBS Group boosted their price objective on shares of Clorox from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Clorox in a report on Friday, July 10th. Finally, Barclays reissued an “underweight” rating and set a $84.00 price target on shares of Clorox in a research report on Tuesday, August 4th. Twelve investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $102.40.

Get Our Latest Stock Analysis on CLX

Clorox Company 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.

See Also

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:CLXFree Report).

Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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