MASTERINVEST Kapitalanlage GmbH Takes $659,000 Position in The Clorox Company $CLX

MASTERINVEST Kapitalanlage GmbH acquired a new position in The Clorox Company (NYSE:CLX – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,902 shares of the company’s stock, valued at approximately $659,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Wilkins Investment Counsel Inc. boosted its position 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 increased its holdings 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 during the period. Bank of America Corp DE lifted its position 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 purchasing an additional 80,618 shares in the last quarter. National Pension Service lifted its position in shares of Clorox by 68.9% in the fourth quarter. National Pension Service now owns 27,537 shares of the company’s stock worth $2,777,000 after purchasing an additional 11,233 shares in the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co acquired a new stake in shares of Clorox during the fourth quarter worth approximately $1,966,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

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Clorox Price Performance

NYSE:CLX opened at $102.57 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 50-day moving average of $99.83 and a 200-day moving average of $102.72. The Clorox Company has a 52 week low of $84.70 and a 52 week high of $128.90. The company has a market capitalization of $12.40 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 3.24 and a beta of 0.54.

Clorox (NYSE:CLX – Get Free Report) last posted its quarterly 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 firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.91 billion. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, equities research analysts anticipate that The Clorox Company will post 5.8 earnings per share for the current fiscal year.

Clorox Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Wednesday, August 12th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 4.9%. This is a positive change from Clorox’s previous quarterly dividend of $1.24. The ex-dividend date was Wednesday, August 12th. Clorox’s dividend payout ratio (DPR) is currently 103.73%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Evercore set a $99.00 price objective on shares of Clorox in a research report on Tuesday, August 4th. Zacks Research lowered shares of Clorox from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. BNP Paribas Exane lowered their price target 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Clorox in a research report on Friday, July 10th. Finally, Wells Fargo & Company raised their price target on Clorox from $95.00 to $102.00 and gave the stock an “equal weight” rating 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $102.40.

Check Out Our Latest Research Report on CLX

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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