Commerzbank Aktiengesellschaft FI Invests $1.54 Million in The Clorox Company $CLX

Key Points

• Commerzbank Aktiengesellschaft FI acquired 16,139 Clorox shares worth approximately $1.54 million, while institutional investors collectively own 78.53% of the company.
• Clorox exceeded quarterly earnings and revenue expectations, reporting $1.66 in EPS and $1.95 billion in revenue, though revenue declined 2% year over year.
• Clorox raised its quarterly dividend to $1.25, implying an annualized payout of $5.00 and a 4.7% yield. Despite the increase, analysts maintain a consensus “Reduce” rating with a $102.40 price target, below the reported share price of $105.86.

Commerzbank Aktiengesellschaft FI acquired a new position in shares of The Clorox Company (NYSE:CLX - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 16,139 shares of the company's stock, valued at approximately $1,540,000.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in Clorox in the fourth quarter valued at $135,735,000. Bank of New York Mellon Corp purchased a new position in Clorox in the 2nd quarter valued at $123,154,000. Invesco Ltd. increased its stake in shares of Clorox by 22.1% during the fourth quarter. Invesco Ltd. now owns 4,880,341 shares of the company's stock worth $492,085,000 after acquiring an additional 884,751 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Clorox by 6,907.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 749,703 shares of the company's stock worth $75,593,000 after purchasing an additional 739,005 shares during the period. Finally, Worldquant Millennium Advisors LLC purchased a new position in Clorox in the second quarter worth $71,856,000. Institutional investors and hedge funds own 78.53% of the company's stock.

Clorox Stock Down 0.1%

Shares of NYSE:CLX opened at $105.86 on Wednesday. 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 firm has a market cap of $12.80 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 3.15 and a beta of 0.54. The Clorox Company has a 12-month low of $84.70 and a 12-month high of $128.90. The company has a fifty day simple moving average of $98.44 and a 200 day simple moving average of $103.17.

Clorox (NYSE:CLX - Get Free Report) last released its 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 company had revenue of $1.95 billion for 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 quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, equities research analysts anticipate that The Clorox Company will post 5.8 EPS for the current fiscal year.

Clorox Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CLX. Citigroup lifted their price target on shares of Clorox from $97.00 to $100.00 and gave the company a "neutral" rating in a research report on Tuesday, August 4th. Wells Fargo & Company raised their price target on shares of Clorox from $95.00 to $102.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on Clorox in a research report on Tuesday, August 4th. Zacks Research downgraded shares of Clorox from a "hold" rating to a "strong sell" rating in a report on Tuesday, May 12th. Finally, The Goldman Sachs Group restated a "sell" rating and set a $83.00 price target on shares of Clorox in a research note on Friday, May 1st. Twelve equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $102.40.

More Clorox News

Here are the key news stories impacting Clorox this week:

• Positive Sentiment: Zacks Research raised its EPS forecasts for Clorox’s third-quarter 2027 and fourth-quarter 2027, and projects earnings of $6.89 per share for fiscal 2029. These increases suggest some potential for longer-term earnings growth, although they were offset by reductions elsewhere.
• Neutral Sentiment: An analysis comparing Church & Dwight (CHD) and Clorox (CLX) highlights Clorox’s higher dividend yield. However, Clorox has increased its dividend more cautiously, making the stock more attractive to current-income investors than to investors seeking rapid dividend growth. Two Consumer Staples, Two Dividend Strategies: Church & Dwight and The Clorox Company
• Negative Sentiment: A cyclospora outbreak has made consumers more cautious about buying salads, and one analyst reportedly sees declining sales for Clorox’s Hidden Valley Ranch dressing. A sustained pullback in salad consumption could weigh on brand sales and near-term revenue. Hidden Valley Ranch dressing may be a victim of this summer’s salad scare
• Negative Sentiment: Zacks Research lowered its fiscal 2027 EPS estimate to $5.82 from $6.00 and cut its fiscal 2028 forecast to $6.23 from $6.36. It also reduced estimates for the first and second quarters of fiscal 2028 and the second quarter of fiscal 2027. The firm maintains a Strong Sell rating, which is a notable negative signal despite several upward revisions.

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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