Advisors Asset Management Inc. Has $5.94 Million Stock Holdings in The Clorox Company $CLX

Key Points

• Advisors Asset Management Inc. increased its stake in The Clorox Company by 12.6%, now holding 40,308 shares worth approximately $5.94 million.
• Clorox reported a quarterly earnings per share (EPS) of $2.87, exceeding the consensus estimate of $2.24, with a year-over-year revenue increase of 4.5%.
• The company recently declared a quarterly dividend of $1.24, reflecting an annualized yield of 4.0%, and marking an increase from the previous quarterly dividend of $1.22.

Advisors Asset Management Inc. grew its holdings in shares of The Clorox Company (NYSE:CLX - Free Report) by 12.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,308 shares of the company's stock after purchasing an additional 4,505 shares during the quarter. Advisors Asset Management Inc.'s holdings in Clorox were worth $5,935,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CLX. Raymond James Financial Inc. boosted its position in shares of Clorox by 15.6% during the 1st quarter. Raymond James Financial Inc. now owns 269,926 shares of the company's stock valued at $39,747,000 after acquiring an additional 36,352 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new stake in Clorox in the first quarter worth $247,000. Brown Miller Wealth Management LLC purchased a new position in shares of Clorox during the first quarter valued at $399,000. Roman Butler Fullerton & Co. purchased a new position in shares of Clorox during the first quarter valued at $400,000. Finally, Wedge Capital Management L L P NC grew its stake in Clorox by 33.5% in the first quarter. Wedge Capital Management L L P NC now owns 28,510 shares of the company's stock valued at $4,198,000 after purchasing an additional 7,159 shares during the last quarter. 78.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Clorox

In other news, COO Eric H. Reynolds sold 15,041 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $123.78, for a total value of $1,861,774.98. Following the completion of the sale, the chief operating officer owned 54,221 shares in the company, valued at $6,711,475.38. This represents a 21.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is currently owned by corporate insiders.

Clorox Stock Down 0.1%

Shares of CLX traded down $0.11 during midday trading on Tuesday, reaching $125.76. 1,345,194 shares of the company were exchanged, compared to its average volume of 1,672,534. The stock has a 50-day moving average price of $124.28 and a 200-day moving average price of $132.99. The company has a market cap of $15.38 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 1.02 and a beta of 0.52. The Clorox Company has a 1-year low of $116.53 and a 1-year high of $171.37. The company has a current ratio of 0.84, a quick ratio of 0.57 and a debt-to-equity ratio of 5.15.

Clorox (NYSE:CLX - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.24 by $0.63. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.94 billion. Clorox had a return on equity of 377.86% and a net margin of 11.40%.The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.82 earnings per share. Clorox has set its FY 2026 guidance at 5.950-6.30 EPS. Research analysts expect that The Clorox Company will post 7.15 earnings per share for the current year.

Clorox Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Wednesday, August 13th were paid a dividend of $1.24 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $4.96 annualized dividend and a dividend yield of 3.9%. This is a boost from Clorox's previous quarterly dividend of $1.22. Clorox's dividend payout ratio is 76.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Morgan Stanley lowered their price target on Clorox from $150.00 to $137.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. JPMorgan Chase & Co. upped their price target on Clorox from $133.00 to $135.00 and gave the company a "neutral" rating in a research note on Monday. Citigroup restated a "neutral" rating and set a $135.00 price target (down previously from $140.00) on shares of Clorox in a report on Tuesday, July 15th. UBS Group dropped their price objective on Clorox from $150.00 to $134.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Finally, Jefferies Financial Group decreased their target price on Clorox from $167.00 to $145.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $142.18.

Clorox Profile

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.