NorthCrest Asset Manangement LLC boosted its holdings in The Clorox Company (NYSE:CLX – Free Report) by 198.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,686 shares of the company’s stock after acquiring an additional 7,108 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Clorox were worth $866,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in CLX. Armstrong Advisory Group Inc. grew its holdings in Clorox by 52.0% during the third quarter. Armstrong Advisory Group Inc. now owns 576 shares of the company’s stock worth $51,000 after buying an additional 197 shares in the last quarter. Sound Income Strategies LLC lifted its stake in Clorox by 3.4% during the 3rd quarter. Sound Income Strategies LLC now owns 99,740 shares of the company’s stock valued at $8,322,000 after acquiring an additional 3,286 shares in the last quarter. Bill Few Associates Inc. bought a new position in Clorox during the 3rd quarter valued at $971,000. Bullock Wealth Management Group lifted its stake in Clorox by 176.3% during the 3rd quarter. Bullock Wealth Management Group now owns 1,785 shares of the company’s stock valued at $145,000 after acquiring an additional 1,139 shares in the last quarter. Finally, Chapin Davis Inc. boosted its holdings in Clorox by 123.9% during the 3rd quarter. Chapin Davis Inc. now owns 8,765 shares of the company’s stock worth $710,000 after acquiring an additional 4,850 shares during the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.
Analysts Set New Price Targets
CLX has been the subject of several recent analyst reports. Jefferies Financial Group lowered shares of Clorox from a “buy” rating to a “hold” rating and reduced their target price for the stock from $125.00 to $98.00 in a research note on Tuesday, July 28th. Wells Fargo & Company lowered their target price on shares of Clorox from $90.00 to $85.00 and set an “equal weight” rating for the company in a report on Monday, October 5th. Barclays reissued an “underweight” rating and set a $84.00 price target on shares of Clorox in a research report on Tuesday, August 4th. Zacks Research upgraded shares of Clorox from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Finally, TD Cowen cut their price target on shares of Clorox from $85.00 to $80.00 and set a “hold” rating on the stock in a report on Tuesday. Twelve research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $94.93.
Clorox Stock Performance
Shares of CLX opened at $86.08 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.38 and a debt-to-equity ratio of 15.80. The company has a market capitalization of $10.41 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 2.67 and a beta of 0.59. The stock has a 50 day moving average of $92.64 and a 200 day moving average of $95.35. The Clorox Company has a 12 month low of $79.12 and a 12 month high of $128.90.
Clorox (NYSE:CLX – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.91 billion. Clorox had a return on equity of 522.23% and a net margin of 8.74%. Clorox’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company posted $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, sell-side analysts forecast that The Clorox Company will post 5.77 earnings per share for the current year.
Clorox Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Wednesday, October 28th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Wednesday, October 28th. Clorox’s payout ratio is presently 103.73%.
Clorox Company Profile
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.
Read More
- Five stocks we like better than Clorox
- ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing
- Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans
- AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
- Beyond the GPU: Credo Paves the Next AI Data Superhighway
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).
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.
