Rakuten Investment Management Inc. Purchases Shares of 20,326 The Clorox Company $CLX

Key Points

• Rakuten Investment Management purchased 20,326 Clorox shares worth approximately $1.97 million in the second quarter. Institutional investors collectively own 78.53% of Clorox.
• Analysts remain cautious, with a consensus “Reduce” rating and a $102.40 price target; 12 analysts rate the stock Hold and five rate it Sell.
• Clorox exceeded quarterly earnings and revenue expectations, while raising its quarterly dividend to $1.25 per share, equivalent to a 4.9% annualized yield.

Rakuten Investment Management Inc. bought a new stake in shares of The Clorox Company (NYSE:CLX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,326 shares of the company's stock, valued at approximately $1,973,000.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Clorox during the 2nd quarter valued at $958,640,000. Bank of America Corp DE acquired a new position in shares of Clorox in the 2nd quarter worth $179,780,000. Norges Bank acquired a new stake in shares of Clorox during the fourth quarter worth $135,735,000. Bank of New York Mellon Corp purchased a new stake in shares of Clorox during the second quarter valued at $123,154,000. Finally, Equity Investment Corp acquired a new position in shares of Clorox in the 2nd quarter valued at $111,800,000. 78.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Evercore set a $99.00 price target on Clorox in a research note on Tuesday, August 4th. Zacks Research cut shares of Clorox from a "hold" rating to a "strong sell" rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. lifted their target price on shares of Clorox from $92.00 to $95.00 and gave the stock an "underweight" rating in a research report on Tuesday, August 4th. Weiss Ratings restated a "hold (c-)" rating on shares of Clorox in a report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft set a $98.00 price target on shares of Clorox in a research report on Tuesday, August 4th. Twelve investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $102.40.

Clorox Price Performance

CLX opened at $102.57 on Monday. The stock has a fifty day moving average price of $99.83 and a 200 day moving average price of $102.60. 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 Clorox Company has a 1 year low of $84.70 and a 1 year high of $128.90. The stock has a market cap of $12.40 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 3.21 and a beta of 0.54.

Clorox (NYSE:CLX - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.02. The company had revenue of $1.95 billion during 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%.The business's quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the business earned $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Analysts forecast that The Clorox Company will post 5.8 EPS for the current fiscal year.

Clorox Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Wednesday, August 12th were issued a dividend of $1.25 per share. The ex-dividend date was Wednesday, August 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.9%. This is an increase from Clorox's previous quarterly dividend of $1.24. Clorox's payout ratio is 103.73%.

Clorox 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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