iA Global Asset Management Inc. Has $1.77 Million Stock Position in The Clorox Company $CLX

iA Global Asset Management Inc. lifted its holdings in shares of The Clorox Company (NYSE:CLX) by 51.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 14,768 shares of the company’s stock after acquiring an additional 5,006 shares during the period. iA Global Asset Management Inc.’s holdings in Clorox were worth $1,773,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CLX. Hsbc Holdings PLC raised its holdings in shares of Clorox by 118.8% during the 1st quarter. Hsbc Holdings PLC now owns 1,085,661 shares of the company’s stock worth $159,699,000 after buying an additional 589,544 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Clorox by 101.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,083,723 shares of the company’s stock worth $130,123,000 after acquiring an additional 546,761 shares during the last quarter. AQR Capital Management LLC grew its position in Clorox by 412.1% during the 1st quarter. AQR Capital Management LLC now owns 598,758 shares of the company’s stock worth $88,167,000 after acquiring an additional 481,846 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Clorox by 147.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 707,005 shares of the company’s stock worth $104,107,000 after acquiring an additional 421,453 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Clorox during the 1st quarter worth $42,300,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CLX. BNP Paribas Exane reduced their price objective on Clorox from $118.00 to $110.00 and set an “underperform” rating on the stock in a research report on Friday, October 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Clorox in a research report on Tuesday, October 14th. Wells Fargo & Company reduced their price objective on Clorox from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. UBS Group reduced their price objective on Clorox from $134.00 to $128.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Clorox from $135.00 to $128.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, Clorox presently has a consensus rating of “Reduce” and a consensus target price of $130.20.

Clorox Stock Down 2.9%

Shares of Clorox stock opened at $109.16 on Tuesday. The Clorox Company has a one year low of $108.93 and a one year high of $171.37. The company has a debt-to-equity ratio of 5.15, a current ratio of 0.84 and a quick ratio of 0.57. The stock’s 50-day moving average is $120.28 and its 200 day moving average is $125.61. The firm has a market cap of $13.29 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 0.92 and a beta of 0.52.

Clorox (NYSE:CLX) last announced its earnings results on Monday, November 3rd. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.78 by $0.07. Clorox had a return on equity of 377.86% and a net margin of 11.40%.During the same quarter last year, the business posted $1.86 EPS. The company’s quarterly revenue was down 18.9% compared to the same quarter last year. Clorox has set its FY 2026 guidance at 5.950-6.300 EPS. Equities research analysts anticipate that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Wednesday, October 22nd will be given a dividend of $1.24 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.96 annualized dividend and a dividend yield of 4.5%. Clorox’s dividend payout ratio is presently 76.07%.

Insider Activity at Clorox

In related news, COO Eric H. Reynolds sold 15,041 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $123.78, for a total transaction of $1,861,774.98. Following the sale, the chief operating officer owned 54,221 shares in the company, valued at $6,711,475.38. This represents a 21.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.63% of the stock is currently owned by insiders.

About Clorox

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.