The Clorox Company $CLX Stock Acquired by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Clorox position by 51,236.1% in the third quarter, purchasing 242,859 additional shares and ending with 243,333 shares worth approximately $19.7 million. Institutional investors and hedge funds collectively own 78.53% of CLX.
• Analysts remain cautious, with Clorox holding a consensus “Reduce” rating and an average price target of $94.64. Twelve analysts rate the stock “Hold,” while four recommend selling.
• Clorox beat quarterly earnings and revenue estimates, reporting $1.66 EPS and $1.95 billion in revenue, but sales declined 2% year over year. The company declared a $1.25 quarterly dividend, equal to a 5.8% annualized yield, though its payout ratio exceeds 100%.

TD Waterhouse Canada Inc. increased its position in shares of The Clorox Company (NYSE:CLX - Free Report) by 51,236.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 243,333 shares of the company's stock after purchasing an additional 242,859 shares during the quarter. TD Waterhouse Canada Inc. owned 0.20% of Clorox worth $19,712,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CLX. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Clorox in the 3rd quarter valued at approximately $26,000. Ancora Advisors LLC bought a new stake in shares of Clorox during the 2nd quarter worth approximately $28,000. Avalon Trust Co bought a new stake in shares of Clorox during the 2nd quarter worth approximately $29,000. Markowski Investments acquired a new stake in shares of Clorox during the 2nd quarter worth approximately $30,000. Finally, Root Financial Partners LLC boosted its position in shares of Clorox by 83.8% during the 1st quarter. Root Financial Partners LLC now owns 318 shares of the company's stock worth $33,000 after acquiring an additional 145 shares in the last quarter. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CLX has been the topic of a number of recent analyst reports. Evercore set a $99.00 price objective on shares of Clorox in a research note on Tuesday, August 4th. BNP Paribas Exane lowered their price objective on shares of Clorox from $97.00 to $95.00 and set a "neutral" rating for the company in a research report on Monday, July 20th. Wells Fargo & Company cut their target price on Clorox from $90.00 to $85.00 and set an "equal weight" rating for the company in a research note on Monday, October 5th. UBS Group set a $91.00 target price on Clorox in a research note on Thursday. Finally, JPMorgan Chase & Co. raised 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 investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Clorox presently has a consensus rating of "Reduce" and a consensus price target of $94.64.

Clorox Trading Up 0.8%

CLX opened at $86.91 on Friday. 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 Clorox Company has a fifty-two week low of $79.12 and a fifty-two week high of $128.90. The company's 50 day moving average price is $92.27 and its two-hundred day moving average price is $95.29. The firm has a market capitalization of $10.51 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 2.75 and a beta of 0.59.

Clorox (NYSE:CLX - Get Free Report) last released 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. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.91 billion. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The company's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, research analysts predict that The Clorox Company will post 5.74 earnings per share for the current year.

Clorox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Wednesday, October 28th will be paid 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 5.8%. Clorox's payout ratio is currently 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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