Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of The Clorox Company (NYSE:CLX – Free Report) by 18.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,560 shares of the company’s stock after acquiring an additional 5,659 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Clorox were worth $2,881,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Clorox during the 2nd quarter valued at approximately $958,640,000. Bank of America Corp DE purchased a new stake in Clorox during the 2nd quarter worth approximately $179,780,000. Bank of New York Mellon Corp purchased a new stake in Clorox during the 2nd quarter worth approximately $123,154,000. Equity Investment Corp purchased a new stake in Clorox during the 2nd quarter worth approximately $111,800,000. Finally, Deutsche Bank AG acquired a new position in shares of Clorox in the 2nd quarter valued at approximately $68,473,000. Institutional investors and hedge funds own 78.53% of the company’s stock.
Analyst Upgrades and Downgrades
CLX has been the subject of several research analyst reports. Wells Fargo & Company reduced their target price on Clorox from $90.00 to $85.00 and set an “equal weight” rating for the company in a research note on Monday, October 5th. TD Cowen decreased their price target on shares of Clorox from $85.00 to $80.00 and set a “hold” rating for the company in a research report on Tuesday, October 13th. BNP Paribas Exane dropped their price target on shares of Clorox from $97.00 to $95.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Evercore set a $99.00 price target on shares of Clorox in a report on Tuesday, August 4th. Finally, Morgan Stanley reduced their price objective on shares of Clorox from $97.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 15th. Twelve equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Clorox has an average rating of “Reduce” and a consensus target price of $93.57.
Check Out Our Latest Stock Analysis on Clorox
Clorox Stock Up 4.5%
NYSE:CLX opened at $88.56 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 capitalization of $10.71 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 2.82 and a beta of 0.59. The Clorox Company has a one year low of $79.12 and a one year high of $128.90. The stock has a 50-day simple moving average of $90.63 and a 200 day simple moving average of $94.79.
Clorox (NYSE:CLX – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $1.66 earnings per share (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 prior year, the firm posted $2.87 earnings per share. Clorox’s revenue for the quarter was down 2.0% compared to the same quarter last year. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Sell-side analysts predict that The Clorox Company will post 5.70 EPS for the current fiscal year.
Clorox Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Wednesday, October 28th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Wednesday, October 28th. Clorox’s payout ratio is 103.73%.
Clorox Company Profile
The Clorox Company, founded in 1913 and headquartered in Oakland, California, is a consumer and professional products company. It began with household bleach and has expanded into a portfolio of brands serving cleaning, household, personal care, food, and professional markets.
Its brands include Clorox disinfecting and cleaning products, Pine-Sol cleaners, Liquid-Plumr drain care, Kingsford charcoal, Fresh Step and Scoop Away cat litter, Hidden Valley dressings and dips, Brita water filtration products, and Burt’s Bees personal care items.
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