Cullen Capital Management LLC purchased a new stake in The Clorox Company (NYSE:CLX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,694 shares of the company's stock, valued at approximately $1,021,000.
Other large investors also recently made changes to their positions in the company. Caitlin John LLC lifted its position in Clorox by 1,807.1% in the 4th quarter. Caitlin John LLC now owns 267 shares of the company's stock valued at $27,000 after acquiring an additional 253 shares in the last quarter. Avalon Trust Co bought a new position in Clorox during the 2nd quarter worth about $29,000. Darwin Wealth Management LLC bought a new position in Clorox during the 2nd quarter worth about $29,000. Root Financial Partners LLC raised its stake in shares of Clorox by 83.8% in the 1st quarter. Root Financial Partners LLC now owns 318 shares of the company's stock valued at $33,000 after purchasing an additional 145 shares during the period. Finally, SHP Wealth Management acquired a new stake in shares of Clorox in the 4th quarter valued at about $35,000. Institutional investors own 78.53% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. BNP Paribas Exane reduced their price objective on Clorox from $97.00 to $95.00 and set a "neutral" rating for the company in a research report on Monday, July 20th. Jefferies Financial Group lowered Clorox from a "buy" rating to a "hold" rating and dropped their target price for the company from $125.00 to $98.00 in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft set a $98.00 target price on Clorox in a research note on Tuesday, August 4th. Zacks Research downgraded Clorox from a "hold" rating to a "strong sell" rating in a research report on Tuesday, May 12th. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and set a $83.00 price target on shares of Clorox in a research note on Friday, May 1st. Twelve research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $102.40.
Check Out Our Latest Stock Analysis on CLX
Clorox Price Performance
Shares of NYSE CLX opened at $107.20 on Tuesday. 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 business has a 50-day moving average of $99.20 and a 200-day moving average of $103.01. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 3.34 and a beta of 0.54. The Clorox Company has a fifty-two week low of $84.70 and a fifty-two week high of $128.90.
Clorox (NYSE:CLX - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the company posted $2.87 earnings per share. Clorox's revenue was down 2.0% on a year-over-year basis. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, sell-side analysts predict that The Clorox Company will post 5.8 earnings per share for the current fiscal year.
Clorox Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Wednesday, August 12th will be paid a dividend of $1.25 per share. The ex-dividend date is Wednesday, August 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.7%. This is an increase from Clorox's previous quarterly dividend of $1.24. Clorox's dividend payout ratio (DPR) is currently 103.73%.
Clorox Company Profile
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Free Report)
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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