The Clorox Company $CLX Stock: Radnor Capital Management LLC Raises Position

Radnor Capital Management LLC grew its holdings in The Clorox Company (NYSE:CLX) by 223.6% in the third quarter, Holdings Channel reports. The firm owned 9,424 shares of the company’s stock after buying an additional 6,512 shares during the quarter. Radnor Capital Management LLC’s holdings in Clorox were worth $763,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CLX. Kestra Private Wealth Services LLC raised its stake in shares of Clorox by 1.8% in the first quarter. Kestra Private Wealth Services LLC now owns 5,957 shares of the company’s stock worth $617,000 after purchasing an additional 104 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Clorox by 9.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,402 shares of the company’s stock valued at $145,000 after buying an additional 119 shares during the last quarter. Elevation Wealth Partners LLC boosted its position in shares of Clorox by 32.3% during the third quarter. Elevation Wealth Partners LLC now owns 565 shares of the company’s stock valued at $46,000 after buying an additional 138 shares during the last quarter. Root Financial Partners LLC increased its holdings in Clorox by 83.8% in the 1st quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock worth $33,000 after buying an additional 145 shares in the last quarter. Finally, Eastern Bank increased its holdings in Clorox by 3.1% in the 3rd quarter. Eastern Bank now owns 5,052 shares of the company’s stock worth $409,000 after buying an additional 150 shares in the last quarter. Institutional investors own 78.53% of the company’s stock.

Clorox Price Performance

NYSE CLX opened at $86.38 on Friday. The company has a 50-day moving average price of $90.24 and a 200-day moving average price of $94.73. The Clorox Company has a 52 week low of $79.12 and a 52 week high of $128.90. 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 firm has a market capitalization of $10.45 billion, a P/E ratio of 17.92, a PEG ratio of 2.87 and a beta of 0.59.

Clorox (NYSE:CLX) last posted 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 for 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 firm’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Equities research analysts anticipate that The Clorox Company will post 5.66 earnings per share for the current year.

Clorox Announces Dividend

The firm 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 $1.25 dividend. The ex-dividend date is Wednesday, October 28th. This represents a $5.00 annualized dividend and a yield of 5.8%. Clorox’s dividend payout ratio (DPR) is presently 103.73%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Citigroup decreased their target price on Clorox from $97.00 to $90.00 and set a “neutral” rating for the company in a research report on Wednesday, October 14th. TD Cowen lowered their target price on shares of Clorox from $85.00 to $80.00 and set a “hold” rating on the stock in a research note on Tuesday, October 13th. JPMorgan Chase & Co. dropped their price target on shares of Clorox from $95.00 to $83.00 and set an “underweight” rating on the stock in a report on Monday, October 19th. Evercore set a $99.00 price target on shares of Clorox in a research note on Tuesday, August 4th. Finally, Wells Fargo & Company decreased their price objective on shares of Clorox from $90.00 to $85.00 and set an “equal weight” rating for the company in a report on Monday, October 5th. Twelve research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus 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.