Yousif Capital Management LLC Purchases 73,493 Shares of The Clorox Company $CLX

Key Points

• Yousif Capital Management more than doubled its Clorox stake in the third quarter, purchasing 73,493 additional shares for a total holding of 138,416 shares valued at approximately $11.2 million.
• Clorox shares were trading at $86.38, down 2.6%, while the company reported quarterly revenue of $1.95 billion and adjusted earnings of $1.66 per share, both slightly exceeding analyst expectations.
• Clorox declared a quarterly dividend of $1.25 per share, equivalent to a 5.8% annualized yield, but analyst sentiment remained cautious, with a consensus “Reduce” rating and an average price target of $93.57.

Yousif Capital Management LLC increased its position in shares of The Clorox Company (NYSE:CLX - Free Report) by 113.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 138,416 shares of the company's stock after acquiring an additional 73,493 shares during the period. Yousif Capital Management LLC owned about 0.11% of Clorox worth $11,213,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Studio Investment Management LLC grew its holdings in shares of Clorox by 2.2% during the third quarter. Studio Investment Management LLC now owns 8,081 shares of the company's stock worth $655,000 after purchasing an additional 171 shares during the last quarter. SeaCrest Wealth Management LLC increased its stake in shares of Clorox by 42.4% in the third quarter. SeaCrest Wealth Management LLC now owns 10,393 shares of the company's stock valued at $920,000 after buying an additional 3,095 shares during the period. NBT Bank N.A. bought a new position in Clorox in the 3rd quarter valued at approximately $313,000. SBI Securities Co. Ltd. raised its holdings in Clorox by 142.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,238 shares of the company's stock valued at $186,000 after buying an additional 1,315 shares during the last quarter. Finally, Pinnacle Bancorp Inc. raised its holdings in Clorox by 83.2% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 513 shares of the company's stock valued at $42,000 after buying an additional 233 shares during the last quarter. Institutional investors and hedge funds own 78.53% of the company's stock.

Clorox Trading Down 2.6%

NYSE CLX opened at $86.38 on Friday. The firm has a market capitalization of $10.45 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 2.87 and a beta of 0.59. The business's 50-day moving average price is $90.24 and its two-hundred day moving average price is $94.73. 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 12 month low of $79.12 and a 12 month high of $128.90.

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. Clorox had a return on equity of 522.23% and a net margin of 8.74%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.91 billion. The firm's revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, analysts expect that The Clorox Company will post 5.66 EPS for the current year.

Clorox Dividend Announcement

The company also recently announced 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. This represents a $5.00 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Wednesday, October 28th. Clorox's dividend payout ratio is currently 103.73%.

Wall Street Analyst Weigh In

CLX has been the topic of several recent research reports. UBS Group set a $91.00 target price on shares of Clorox in a research report on Thursday, October 15th. Weiss Ratings restated a "hold (c-)" rating on shares of Clorox in a research report on Tuesday, October 6th. BNP Paribas Exane decreased their price target 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 dropped their price target on shares of Clorox from $90.00 to $85.00 and set an "equal weight" rating for the company in a research note on Monday, October 5th. Finally, TD Cowen cut their price target on shares of Clorox from $85.00 to $80.00 and set a "hold" rating on the stock in a report on Tuesday, October 13th. Twelve analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Clorox has an average rating of "Reduce" and an average price target of $93.57.

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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