Jupiter Topco LLC Buys New Stake in The Clorox Company $CLX

Key Points

• Jupiter Topco LLC acquired 12,581 Clorox shares in the second quarter, valued at approximately $1.2 million. Institutional investors collectively own 78.53% of CLX.
• Analyst sentiment remains cautious, with an average “Reduce” rating and a consensus price target of $102.40; several firms maintain “underweight” or “sell” ratings.
• Clorox exceeded quarterly earnings and revenue estimates, but sales declined 2% year over year. The company raised its quarterly dividend to $1.25 per share, equivalent to a 5.4% annualized yield.

Jupiter Topco LLC purchased a new stake in The Clorox Company (NYSE:CLX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,581 shares of the company's stock, valued at approximately $1,201,000.

A number of other institutional investors also recently bought and sold shares of CLX. Caitlin John LLC raised its position in shares of Clorox by 1,807.1% during the 4th quarter. Caitlin John LLC now owns 267 shares of the company's stock worth $27,000 after acquiring an additional 253 shares in the last quarter. Ancora Advisors LLC acquired a new position in Clorox in the second quarter valued at approximately $28,000. Avalon Trust Co acquired a new position in Clorox in the second quarter valued at approximately $29,000. Darwin Wealth Management LLC purchased a new position in Clorox in the second quarter valued at approximately $29,000. Finally, Root Financial Partners LLC raised its holdings in Clorox by 83.8% during the first quarter. Root Financial Partners LLC now owns 318 shares of the company's stock worth $33,000 after purchasing an additional 145 shares in the last quarter. 78.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Clorox from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. Deutsche Bank Aktiengesellschaft set a $98.00 price target on shares of Clorox in a research report on Tuesday, August 4th. Barclays restated an "underweight" rating and issued a $84.00 price objective on shares of Clorox in a research note on Tuesday, August 4th. UBS Group raised their price objective on Clorox from $100.00 to $105.00 and gave the stock a "neutral" rating in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. boosted their target price on Clorox from $92.00 to $95.00 and gave the company an "underweight" rating in a report on Tuesday, August 4th. Twelve analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $102.40.

Clorox Stock Down 1.3%

CLX stock opened at $93.05 on Friday. The stock has a market capitalization of $11.25 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 2.91 and a beta of 0.56. The company has a fifty day moving average of $99.89 and a 200-day moving average of $101.72. 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 Clorox Company has a one year low of $84.70 and a one year high of $128.90.

Clorox (NYSE:CLX - Get Free Report) last posted its quarterly 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 net margin of 8.74% and a return on equity of 522.23%. The firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.91 billion. During the same period in the prior year, the company posted $2.87 earnings per share. The firm's revenue for the quarter 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, analysts expect that The Clorox Company will post 5.8 EPS for the current year.

Clorox Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Wednesday, August 12th were issued a dividend of $1.25 per share. This is a boost from Clorox's previous quarterly dividend of $1.24. This represents a $5.00 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Wednesday, August 12th. Clorox's dividend payout ratio is currently 103.73%.

About Clorox

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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