The Clorox Company $CLX Holdings Boosted by Mather Group LLC.

Key Points

• Mather Group LLC increased its Clorox stake by 8,799.9% in the third quarter, acquiring 135,958 additional shares and bringing its holdings to 137,503 shares valued at approximately $11.1 million. Institutional investors collectively own 78.53% of the company.
• Analysts remain cautious, with 12 Hold ratings and four Sell ratings; Clorox has an average rating of “Reduce” and a consensus price target of $96.64. Several firms recently lowered their targets, including TD Cowen to $80 and Citigroup to $90.
• Clorox reported quarterly EPS of $1.66, slightly above estimates, while revenue fell 2% year over year to $1.95 billion. The company declared a quarterly dividend of $1.25, representing a 5.9% annualized yield, though its payout ratio is high at 103.73%.

Mather Group LLC. grew its stake in The Clorox Company (NYSE:CLX - Free Report) by 8,799.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,503 shares of the company's stock after acquiring an additional 135,958 shares during the period. Mather Group LLC. owned 0.11% of Clorox worth $11,139,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. NewEdge Advisors LLC raised its stake in shares of Clorox by 11.8% during the 2nd quarter. NewEdge Advisors LLC now owns 75,135 shares of the company's stock worth $7,171,000 after purchasing an additional 7,956 shares in the last quarter. Corient Private Wealth LP acquired a new stake in shares of Clorox in the 2nd quarter valued at approximately $6,621,000. Bank of America Corp DE grew its stake in shares of Clorox by 6.1% in the first quarter. Bank of America Corp DE now owns 1,405,774 shares of the company's stock valued at $145,680,000 after buying an additional 80,618 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Clorox in the second quarter valued at $3,277,000. Finally, MAC Alpha Capital Management LP increased its holdings in Clorox by 88.7% during the second quarter. MAC Alpha Capital Management LP now owns 263,789 shares of the company's stock worth $25,178,000 after buying an additional 124,019 shares during the last quarter. Institutional investors and hedge funds own 78.53% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on CLX. TD Cowen dropped their price target on shares of Clorox from $85.00 to $80.00 and set a "hold" rating on the stock in a research report on Tuesday. BNP Paribas Exane cut their price target on shares of Clorox from $97.00 to $95.00 and set a "neutral" rating for the company in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on shares of Clorox in a research report on Tuesday, August 4th. UBS Group restated a "neutral" rating on shares of Clorox in a research note on Friday, September 11th. Finally, Citigroup dropped their target price on shares of Clorox from $97.00 to $90.00 and set a "neutral" rating on the stock in a report on Wednesday. Twelve analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $96.64.

Clorox Stock Up 0.6%

CLX stock opened at $84.96 on Thursday. The Clorox Company has a 1-year low of $79.12 and a 1-year high of $128.90. The business's 50 day simple moving average is $93.03 and its 200 day simple moving average is $95.46. 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 capitalization of $10.27 billion, a PE ratio of 17.63, a PEG ratio of 2.66 and a beta of 0.59.

Clorox (NYSE:CLX - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the firm posted $2.87 EPS. The company's quarterly 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, research analysts anticipate that The Clorox Company will post 5.77 EPS for the current year.

Clorox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Wednesday, October 28th will be given a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $5.00 annualized dividend and a dividend yield of 5.9%. Clorox's dividend payout ratio is presently 103.73%.

About Clorox

The Clorox Company is a consumer and professional products company that develops, manufactures and markets household cleaning, disinfecting, wellness and personal care products. Its portfolio includes the Clorox bleach and cleaning brands, as well as products sold under brands such as Pine-Sol, Liquid-Plumr, Fresh Step, Scoop Away, Kingsford, Hidden Valley, Burt's Bees and Brita.

Clorox also offers trash bags, food products, water-filtration systems, charcoal and grilling products, cat litter, and professional cleaning and disinfecting solutions.

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