The Clorox Company $CLX Stock: Chiron Capital Management LLC Increases Stake

Chiron Capital Management LLC lifted its stake in shares of The Clorox Company (NYSE:CLX – Free Report) by 177.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,701 shares of the company’s stock after acquiring an additional 6,200 shares during the quarter. Chiron Capital Management LLC’s holdings in Clorox were worth $786,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CLX. BlackRock Inc. bought a new position in shares of Clorox in the second quarter worth approximately $958,640,000. Bank of America Corp DE purchased a new stake in shares of Clorox in the second quarter worth $179,780,000. Royal Bank of Canada increased its stake in shares of Clorox by 20.1% in the first quarter. Royal Bank of Canada now owns 1,418,204 shares of the company’s stock worth $146,969,000 after purchasing an additional 237,301 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Clorox during the 2nd quarter valued at $123,154,000. Finally, Confluence Investment Management LLC raised its position in shares of Clorox by 33.8% during the 2nd quarter. Confluence Investment Management LLC now owns 1,247,644 shares of the company’s stock valued at $119,075,000 after purchasing an additional 315,069 shares during the period. 78.53% of the stock is owned by hedge funds and other institutional investors.

Clorox Price Performance

CLX traded up $0.90 during trading on Thursday, hitting $85.87. 1,670,957 shares of the company traded hands, compared to its average volume of 2,641,282. The company has a market cap of $10.38 billion, a PE ratio of 17.87, a P/E/G ratio of 2.66 and a beta of 0.59. The stock’s 50-day simple moving average is $93.03 and its two-hundred day simple moving average is $95.46. The Clorox Company has a 1 year low of $79.12 and a 1 year high of $128.90. The company has a current ratio of 0.66, a quick ratio of 0.38 and a debt-to-equity ratio of 15.80.

Clorox (NYSE:CLX – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. The company 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%. Clorox’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, sell-side analysts anticipate that The Clorox Company will post 5.77 earnings per share for the current fiscal year.

Clorox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Wednesday, October 28th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $5.00 dividend on an annualized basis and a yield of 5.8%. Clorox’s dividend payout ratio is presently 103.73%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Citigroup lowered their target price on shares of Clorox from $97.00 to $90.00 and set a “neutral” rating on the stock in a research note on Wednesday. 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 research note on Monday, July 20th. Wall Street Zen cut Clorox from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Wells Fargo & Company lowered their price objective on Clorox from $90.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft set a $98.00 price objective on Clorox in a research note on Tuesday, August 4th. Twelve equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $94.93.

Check Out Our Latest Stock Report on Clorox

Clorox Company Profile

(Free Report)

The Clorox Company is a consumer and professional products company that develops, manufactures and markets household cleaning, disinfecting, wellness and personal care products. Its portfolio includes the Clorox bleach and cleaning brands, as well as products sold under brands such as Pine-Sol, Liquid-Plumr, Fresh Step, Scoop Away, Kingsford, Hidden Valley, Burt’s Bees and Brita.

Clorox also offers trash bags, food products, water-filtration systems, charcoal and grilling products, cat litter, and professional cleaning and disinfecting solutions.

Further Reading

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).

Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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.