Fluent Financial LLC Invests $1.32 Million in The Clorox Company $CLX

Fluent Financial LLC acquired a new position in shares of The Clorox Company (NYSE:CLX) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,868 shares of the company’s stock, valued at approximately $1,324,000.

Other institutional investors have also added to or reduced their stakes in the company. Wilkins Investment Counsel Inc. boosted its stake in shares of Clorox by 250.6% during the 4th quarter. Wilkins Investment Counsel Inc. now owns 55,064 shares of the company’s stock worth $5,552,000 after acquiring an additional 39,360 shares during the period. Morningstar Investment Management LLC lifted its position in Clorox by 131.8% during the fourth quarter. Morningstar Investment Management LLC now owns 62,454 shares of the company’s stock worth $6,297,000 after acquiring an additional 35,506 shares during the last quarter. Bank of America Corp DE grew its holdings in Clorox by 6.1% in the 1st quarter. Bank of America Corp DE now owns 1,405,774 shares of the company’s stock valued at $145,680,000 after buying an additional 80,618 shares in the last quarter. National Pension Service grew its stake in shares of Clorox by 68.9% in the fourth quarter. National Pension Service now owns 27,537 shares of the company’s stock valued at $2,777,000 after acquiring an additional 11,233 shares in the last quarter. Finally, Birch Hill Investment Advisors LLC bought a new position in shares of Clorox during the fourth quarter worth approximately $22,103,000. 78.53% of the stock is owned by institutional investors.

Clorox Stock Up 0.1%

Shares of NYSE:CLX opened at $105.24 on Monday. The company has a market capitalization of $12.73 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 3.13 and a beta of 0.54. The Clorox Company has a 1 year low of $84.70 and a 1 year high of $128.90. The business’s 50-day moving average is $96.41 and its 200-day moving average is $103.42. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.66 and a quick ratio of 0.38.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Monday, August 3rd. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.64 by $0.02. The company had revenue of $1.95 billion during 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 company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Equities research analysts predict that The Clorox Company will post 5.82 earnings per share for the current year.

Clorox Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Wednesday, August 12th will be paid a $1.25 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $5.00 annualized dividend and a dividend yield of 4.8%. This is a boost from Clorox’s previous quarterly dividend of $1.24. Clorox’s dividend payout ratio (DPR) is 102.90%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CLX. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Clorox in a report on Friday, July 10th. Citigroup boosted their target price on Clorox from $97.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. The Goldman Sachs Group reissued a “sell” rating and issued a $83.00 target price on shares of Clorox in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft set a $98.00 price target on shares of Clorox in a research note on Tuesday, August 4th. Finally, Zacks Research downgraded Clorox from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Twelve investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Clorox has a consensus rating of “Reduce” and an average target price of $102.40.

About Clorox

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.