The Clorox Company $CLX Stock Sold by Asset Management One Co. Ltd.

Key Points

• Asset Management One Co. cut its Clorox stake by 86.3% in the third quarter, selling 47,782 shares and ending the period with 7,598 shares worth about $616,000.
• Clorox reported quarterly earnings of $1.55 per share, above the $1.07 consensus, and revenue of $1.91 billion, also exceeding estimates.
• The company announced a quarterly dividend of $1.25 per share, equivalent to a 5.3% annualized yield. Its dividend payout ratio was reported at 103.73%, while analysts’ consensus rating was “Reduce.”

Asset Management One Co. Ltd. lowered its holdings in shares of The Clorox Company (NYSE:CLX - Free Report) by 86.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,598 shares of the company's stock after selling 47,782 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Clorox were worth $616,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CLX. Geneos Wealth Management Inc. grew its stake in Clorox by 9.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,402 shares of the company's stock valued at $145,000 after acquiring an additional 119 shares during the period. Elevation Wealth Partners LLC increased its holdings in Clorox by 32.3% in the 3rd quarter. Elevation Wealth Partners LLC now owns 565 shares of the company's stock worth $46,000 after acquiring an additional 138 shares in the last quarter. Root Financial Partners LLC raised its position in Clorox by 83.8% during the first quarter. Root Financial Partners LLC now owns 318 shares of the company's stock worth $33,000 after acquiring an additional 145 shares during the period. Eastern Bank raised its position in Clorox by 3.1% during the third quarter. Eastern Bank now owns 5,052 shares of the company's stock worth $409,000 after acquiring an additional 150 shares during the period. Finally, Mystic Asset Management Inc. lifted its holdings in Clorox by 1.3% during the third quarter. Mystic Asset Management Inc. now owns 12,112 shares of the company's stock valued at $981,000 after purchasing an additional 153 shares in the last quarter. 78.53% of the stock is owned by institutional investors and hedge funds.

Clorox Price Performance

Shares of NYSE CLX opened at $93.77 on Wednesday. The firm has a 50-day simple moving average of $88.00 and a 200-day simple moving average of $99.83. The stock has a market capitalization of $11.34 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 3.00 and a beta of 0.59. The company has a quick ratio of 0.38, a current ratio of 0.66 and a debt-to-equity ratio of 15.80. The Clorox Company has a 52 week low of $79.12 and a 52 week high of $128.90.

Clorox (NYSE:CLX - Get Free Report) last posted its quarterly earnings results on Monday, November 2nd. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.48. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.88 billion. Clorox had a net margin of 9.41% and a return on equity of 601.88%. The company's revenue for the quarter was up 33.3% on a year-over-year basis. During the same period last year, the firm posted $0.85 earnings per share. On average, equities analysts predict that The Clorox Company will post 5.68 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Wednesday, October 28th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Wednesday, October 28th. Clorox's dividend payout ratio (DPR) is 103.73%.

Clorox News Roundup

Here are the key news stories impacting Clorox this week:

• Positive Sentiment: Clorox reported adjusted EPS of $1.55, above the $1.07 consensus, and revenue of $1.91 billion versus estimates of $1.88 billion. Sales growth, cost savings and contributions from GOJO supported the quarter. Clorox shares rally after Q1 earnings beat
• Positive Sentiment: The company gave fiscal 2027 adjusted EPS guidance of $5.70–$6.00 and revenue guidance of $7.6–$7.7 billion, broadly in line with or above analyst expectations. Productivity efforts, pricing and GOJO integration savings are intended to help offset cost pressure. Clorox Q1 earnings call highlights
• Neutral Sentiment: Analyst price-target changes were mixed: UBS raised its target to $96 while maintaining a Neutral rating; TD Cowen lifted its target to $88, and JPMorgan raised its target to $86 but retained an Underweight rating. UBS target update
• Negative Sentiment: Clorox expects adjusted earnings near the lower end of its outlook as inflation and other rising costs pressure margins, despite the quarterly beat. Its CEO also pointed to a potential warning sign in consumer spending, which could weigh on demand. Clorox trims outlook on higher costs Clorox CEO economic warning
• Negative Sentiment: Investors may also be weighing debt from a recent acquisition and the potential implications for dividend flexibility. Clorox outlook and dividend concerns

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. TD Cowen reiterated a "hold" rating on shares of Clorox in a research report on Tuesday. Jefferies Financial Group cut shares of Clorox from a "buy" rating to a "hold" rating and cut their target price for the stock from $125.00 to $98.00 in a research note on Tuesday, July 28th. Evercore upgraded shares of Clorox from an "underperform" rating to a "hold" rating and set a $99.00 price target for the company in a research report on Monday. Barclays decreased their price target on shares of Clorox from $84.00 to $80.00 and set an "underweight" rating on the stock in a research note on Friday, October 16th. Finally, The Goldman Sachs Group reiterated a "sell" rating and issued a $74.00 price objective on shares of Clorox in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, Clorox currently has a consensus rating of "Reduce" and an average target price of $93.29.

Clorox Company Profile

The Clorox Company, founded in 1913 and headquartered in Oakland, California, is a consumer and professional products company. It began with household bleach and has expanded into a portfolio of brands serving cleaning, household, personal care, food, and professional markets.

Its brands include Clorox disinfecting and cleaning products, Pine-Sol cleaners, Liquid-Plumr drain care, Kingsford charcoal, Fresh Step and Scoop Away cat litter, Hidden Valley dressings and dips, Brita water filtration products, and Burt's Bees personal care items.

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