Naples Global Advisors LLC Reduces Stock Position in The Clorox Company $CLX

Key Points

• Naples Global Advisors LLC reduced its stake in The Clorox Company by 20.6% during Q2, now holding 10,218 shares valued at approximately $1.23 million.
• Clorox reported a quarterly EPS of $2.87, exceeding estimates, with a revenue of $1.99 billion for the quarter.
• The company has announced a quarterly dividend of $1.24 per share, reflecting a 4.1% dividend yield.

Naples Global Advisors LLC reduced its holdings in shares of The Clorox Company (NYSE:CLX - Free Report) by 20.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,218 shares of the company's stock after selling 2,655 shares during the quarter. Naples Global Advisors LLC's holdings in Clorox were worth $1,227,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Clorox by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 15,573,076 shares of the company's stock valued at $2,293,135,000 after buying an additional 65,924 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Clorox by 2.3% during the 1st quarter. Northern Trust Corp now owns 1,528,920 shares of the company's stock valued at $225,133,000 after buying an additional 34,655 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Clorox by 7.4% during the 1st quarter. Invesco Ltd. now owns 1,361,710 shares of the company's stock valued at $200,512,000 after buying an additional 94,371 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Clorox by 3.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,157,257 shares of the company's stock valued at $170,406,000 after buying an additional 41,485 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of Clorox by 118.8% during the 1st quarter. Hsbc Holdings PLC now owns 1,085,661 shares of the company's stock valued at $159,699,000 after buying an additional 589,544 shares in the last quarter. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

Clorox Stock Performance

Clorox stock opened at $122.25 on Friday. The firm's fifty day moving average price is $122.96 and its 200-day moving average price is $129.78. The company has a debt-to-equity ratio of 5.15, a quick ratio of 0.57 and a current ratio of 0.84. The stock has a market cap of $14.95 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 0.98 and a beta of 0.52. The Clorox Company has a fifty-two week low of $116.53 and a fifty-two week high of $171.37.

Clorox (NYSE:CLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.63. The firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.94 billion. Clorox had a net margin of 11.40% and a return on equity of 377.86%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $1.82 EPS. Clorox has set its FY 2026 guidance at 5.950-6.30 EPS. On average, equities research analysts expect that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Wednesday, October 22nd will be given a dividend of $1.24 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.96 annualized dividend and a dividend yield of 4.1%. Clorox's dividend payout ratio (DPR) is 76.07%.

Insider Activity at Clorox

In related news, COO Eric H. Reynolds sold 15,041 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $123.78, for a total transaction of $1,861,774.98. Following the transaction, the chief operating officer owned 54,221 shares of the company's stock, valued at approximately $6,711,475.38. This trade represents a 21.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. TD Cowen dropped their price target on shares of Clorox from $120.00 to $117.00 and set a "hold" rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Clorox from $133.00 to $135.00 and gave the stock a "neutral" rating in a research note on Monday, September 8th. Citigroup reiterated a "neutral" rating and issued a $135.00 target price (down from $140.00) on shares of Clorox in a research note on Tuesday, July 15th. Zacks Research upgraded shares of Clorox from a "strong sell" rating to a "hold" rating in a research note on Monday. Finally, UBS Group lowered their target price on shares of Clorox from $150.00 to $134.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $134.08.

Clorox Company 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.

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