106,377 Shares in The Clorox Company $CLX Acquired by Barrow Hanley Mewhinney & Strauss LLC

Key Points

• Barrow Hanley Mewhinney & Strauss LLC acquired 106,377 Clorox shares in the second quarter, valued at approximately $10.15 million. Institutional investors collectively own 78.53% of Clorox.
• Analyst sentiment remains cautious, with 12 Hold ratings and five Sell ratings; Clorox has a consensus rating of “Reduce” and an average price target of $102.40.
• Clorox beat quarterly earnings and revenue estimates, but revenue declined 2% year over year. The company raised its quarterly dividend to $1.25, representing an annualized yield of about 4.7%.

Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of The Clorox Company (NYSE:CLX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 106,377 shares of the company's stock, valued at approximately $10,153,000. Barrow Hanley Mewhinney & Strauss LLC owned 0.09% of Clorox as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CLX. Twin Tree Management LP acquired a new stake in Clorox in the 2nd quarter worth approximately $420,000. Haverford Trust Co purchased a new stake in Clorox in the second quarter valued at $333,000. First Nebraska Trust Co acquired a new stake in Clorox during the second quarter worth about $5,561,000. Bank of Nova Scotia acquired a new stake in shares of Clorox during the 2nd quarter worth approximately $1,501,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in Clorox in the second quarter valued at $336,000. Institutional investors own 78.53% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CLX. Wells Fargo & Company upped their price objective on shares of Clorox from $95.00 to $102.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 4th. Morgan Stanley reduced their price objective on Clorox from $110.00 to $97.00 and set an "equal weight" rating on the stock in a research report on Friday, May 1st. Barclays reissued an "underweight" rating and issued a $84.00 price target on shares of Clorox in a research note on Tuesday, August 4th. Citigroup increased their target price on shares of Clorox from $97.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 4th. Finally, Evercore set a $99.00 target price on shares of Clorox in a research note on Tuesday, August 4th. Twelve analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $102.40.

Clorox Trading Up 0.3%

Shares of Clorox stock opened at $107.00 on Monday. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.66 and a quick ratio of 0.38. The Clorox Company has a 1 year low of $84.70 and a 1 year high of $128.90. The business has a 50 day moving average price of $98.97 and a 200 day moving average price of $103.07. The company has a market capitalization of $12.94 billion, a P/E ratio of 22.20, a P/E/G ratio of 3.34 and a beta of 0.54.

Clorox (NYSE:CLX - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.02. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.91 billion. Clorox had a return on equity of 522.23% and a net margin of 8.74%.Clorox's revenue was down 2.0% on a year-over-year basis. 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. Sell-side analysts anticipate that The Clorox Company will post 5.8 EPS for the current fiscal year.

Clorox Increases Dividend

The company 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 $1.25 dividend. The ex-dividend date is Wednesday, August 12th. This is an increase from Clorox's previous quarterly dividend of $1.24. This represents a $5.00 dividend on an annualized basis and a yield of 4.7%. Clorox's payout ratio is 103.73%.

Clorox Company Profile

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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