Erste Asset Management GmbH Invests $5.60 Million in The Clorox Company $CLX

Erste Asset Management GmbH bought a new position in The Clorox Company (NYSE:CLX) during the 4th quarter, Holdings Channel.com reports. The fund bought 56,400 shares of the company’s stock, valued at approximately $5,600,000.

Other hedge funds have also recently modified their holdings of the company. Center for Financial Planning Inc. purchased a new position in shares of Clorox in the third quarter worth $25,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Clorox in the third quarter worth $25,000. Darwin Wealth Management LLC purchased a new position in shares of Clorox in the second quarter worth $29,000. Vision Financial Markets LLC lifted its holdings in shares of Clorox by 166.7% in the fourth quarter. Vision Financial Markets LLC now owns 320 shares of the company’s stock worth $32,000 after buying an additional 200 shares in the last quarter. Finally, Ameriflex Group Inc. lifted its holdings in shares of Clorox by 1,436.8% in the third quarter. Ameriflex Group Inc. now owns 292 shares of the company’s stock worth $36,000 after buying an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Insider Buying and Selling at Clorox

In other news, Director Pierre R. Breber bought 5,000 shares of Clorox stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average price of $85.82 per share, with a total value of $429,100.00. Following the completion of the purchase, the director owned 18,000 shares in the company, valued at $1,544,760. The trade was a 38.46% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CLX shares. Morgan Stanley lowered their target price on shares of Clorox from $110.00 to $97.00 and set an “equal weight” rating on the stock in a report on Friday, May 1st. Citigroup lowered their target price on shares of Clorox from $110.00 to $97.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Royal Bank Of Canada lowered their target price on shares of Clorox from $132.00 to $127.00 and set a “sector perform” rating on the stock in a report on Thursday, April 9th. Wells Fargo & Company lowered their target price on shares of Clorox from $100.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, May 18th. Finally, Jefferies Financial Group decreased their price target on shares of Clorox from $139.00 to $125.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $103.40.

Clorox Price Performance

Clorox stock opened at $98.54 on Wednesday. The company has a market cap of $11.92 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 0.49 and a beta of 0.56. The firm’s fifty day moving average is $96.74 and its 200 day moving average is $105.31. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 27.03. The Clorox Company has a 52-week low of $84.70 and a 52-week high of $132.03.

Clorox (NYSE:CLX) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.09. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. Clorox had a net margin of 11.18% and a return on equity of 443.64%. Clorox’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 earnings per share. Clorox has set its FY 2026 guidance at 5.450-5.650 EPS. Sell-side analysts forecast that The Clorox Company will post 5.61 EPS for the current fiscal year.

Clorox Company Profile

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.