31,485 Shares in The Clorox Company $CLX Bought by Commerce Bank

Commerce Bank bought 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 and Exchange Commission (SEC). The institutional investor bought 31,485 shares of the company’s stock, valued at approximately $3,005,000.

Several other hedge funds have also recently added to or reduced their stakes in CLX. Caitlin John LLC lifted its stake in Clorox by 1,807.1% during the fourth quarter. Caitlin John LLC now owns 267 shares of the company’s stock worth $27,000 after purchasing an additional 253 shares during the last quarter. Avalon Trust Co purchased a new position in Clorox in the second quarter valued at approximately $29,000. Darwin Wealth Management LLC purchased a new stake in shares of Clorox during the 2nd quarter worth approximately $29,000. Root Financial Partners LLC lifted its position in shares of Clorox by 83.8% during 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 during the last quarter. Finally, SHP Wealth Management acquired a new position in shares of Clorox in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Clorox from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Citigroup upped their target price on shares of Clorox from $97.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Wells Fargo & Company increased their target price on shares of Clorox from $95.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Barclays reissued an “underweight” rating and set a $84.00 price target on shares of Clorox in a report on Tuesday, August 4th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Clorox in a research report on Friday, July 10th. Twelve investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $102.40.

Clorox Price Performance

Shares of NYSE:CLX opened at $107.20 on Tuesday. The business’s 50 day simple moving average is $99.20 and its 200-day simple moving average is $103.01. The firm has a market capitalization of $12.96 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 3.34 and a beta of 0.54. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.66 and a quick ratio of 0.38. The Clorox Company has a 12 month low of $84.70 and a 12 month high of $128.90.

Clorox (NYSE:CLX) last announced its quarterly earnings results on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, beating 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 business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the business posted $2.87 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, equities analysts forecast that The Clorox Company will post 5.8 earnings per share for the current fiscal year.

Clorox Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Wednesday, August 12th will be given a $1.25 dividend. This is an increase from Clorox’s previous quarterly dividend of $1.24. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, August 12th. Clorox’s dividend payout ratio (DPR) is presently 103.73%.

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.