The Clorox Company $CLX Stock Bought by Allen Mooney & Barnes Investment Advisors LLC

Key Points

• Allen Mooney & Barnes Investment Advisors increased its Clorox holdings by 3,309.3% in the third quarter, owning 186,316 shares valued at approximately $15.1 million. Institutional investors collectively own 78.53% of Clorox.
• Clorox reported quarterly EPS of $1.66, slightly exceeding estimates, while revenue reached $1.95 billion but declined 2% year over year. The company declared a $1.25 quarterly dividend, equating to a 6.0% annualized yield.
• Analyst sentiment remains cautious: 12 analysts rate the stock Hold and four rate it Sell, resulting in a consensus “Reduce” rating and a $99.36 target price.

Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in shares of The Clorox Company (NYSE:CLX - Free Report) by 3,309.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 186,316 shares of the company's stock after purchasing an additional 180,851 shares during the quarter. Clorox makes up about 2.3% of Allen Mooney & Barnes Investment Advisors LLC's holdings, making the stock its 17th biggest position. Allen Mooney & Barnes Investment Advisors LLC owned approximately 0.15% of Clorox worth $15,093,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CLX. Farther Finance Advisors LLC increased its stake in shares of Clorox by 108.9% in the third quarter. Farther Finance Advisors LLC now owns 17,785 shares of the company's stock worth $1,441,000 after purchasing an additional 9,273 shares during the period. CoreCap Advisors LLC boosted its stake in Clorox by 8.3% during the 3rd quarter. CoreCap Advisors LLC now owns 2,170 shares of the company's stock valued at $179,000 after purchasing an additional 166 shares during the period. Apella Capital LLC acquired a new stake in Clorox in the 3rd quarter valued at approximately $238,000. Everhart Financial Group Inc. grew its holdings in Clorox by 25.6% in the 3rd quarter. Everhart Financial Group Inc. now owns 3,439 shares of the company's stock valued at $279,000 after buying an additional 701 shares during the last quarter. Finally, Martin Capital Partners LLC increased its position in Clorox by 1.4% in the 3rd quarter. Martin Capital Partners LLC now owns 46,563 shares of the company's stock worth $3,772,000 after buying an additional 625 shares during the period. Institutional investors own 78.53% of the company's stock.

Clorox Stock Up 1.5%

Shares of CLX stock opened at $83.44 on Friday. The firm has a market capitalization of $10.09 billion, a P/E ratio of 17.31, a PEG ratio of 2.59 and a beta of 0.59. The Clorox Company has a 1 year low of $79.12 and a 1 year high of $128.90. The firm's fifty day moving average price is $94.36 and its two-hundred day moving average price is $96.01. The company has a current ratio of 0.66, a quick ratio of 0.38 and a debt-to-equity ratio of 15.80.

Clorox (NYSE:CLX - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) 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 analysts' expectations of $1.91 billion. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The business's revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, equities analysts predict that The Clorox Company will post 5.77 EPS for the current fiscal year.

Clorox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Wednesday, October 28th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $5.00 dividend on an annualized basis and a yield of 6.0%. Clorox's dividend payout ratio is 103.73%.

Analysts Set New Price Targets

A number of analysts have commented on CLX shares. UBS Group reiterated a "neutral" rating on shares of Clorox in a research report on Friday, September 11th. Evercore set a $99.00 target price on Clorox in a research report on Tuesday, August 4th. Barclays reiterated an "underweight" rating and set a $84.00 price target on shares of Clorox in a research note on Tuesday, August 4th. Weiss Ratings restated a "hold (c-)" rating on shares of Clorox in a research note on Friday, July 10th. Finally, Citigroup reduced their price objective on shares of Clorox from $100.00 to $97.00 and set a "neutral" rating for the company in a report on Friday, September 11th. Twelve analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $99.36.

Clorox Company Profile

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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