HighTower Advisors LLC Increases Holdings in The Clorox Company $CLX

HighTower Advisors LLC increased its position in The Clorox Company (NYSE:CLX) by 47.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,053 shares of the company’s stock after buying an additional 26,552 shares during the quarter. HighTower Advisors LLC’s holdings in Clorox were worth $7,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC bought a new position in Clorox during the second quarter valued at approximately $29,000. Caitlin John LLC raised its stake in shares of 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 acquiring an additional 253 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of Clorox in the 2nd quarter worth approximately $28,000. Avalon Trust Co bought a new stake in shares of Clorox in the 2nd quarter worth approximately $29,000. Finally, Markowski Investments purchased a new stake in shares of Clorox in the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on CLX. Evercore set a $99.00 target price on shares of Clorox in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $98.00 price target on shares of Clorox in a research report on Tuesday, August 4th. Wells Fargo & Company raised their price objective on Clorox from $95.00 to $102.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 4th. BNP Paribas Exane decreased their price objective on Clorox from $97.00 to $95.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Finally, UBS Group boosted their target price on Clorox from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Twelve investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $102.40.

Clorox Stock Down 1.0%

Shares of NYSE CLX opened at $88.71 on Friday. The firm’s fifty day moving average is $99.44 and its 200 day moving average is $100.64. The Clorox Company has a 52 week low of $84.70 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 company has a market cap of $10.73 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 2.80 and a beta of 0.56.

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 the consensus estimate of $1.64 by $0.02. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, equities research analysts expect that The Clorox Company will post 5.8 earnings per share for the current year.

Clorox Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Wednesday, August 12th were issued a dividend of $1.25 per share. 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 5.6%. The ex-dividend date was Wednesday, August 12th. Clorox’s dividend payout ratio (DPR) is currently 103.73%.

About Clorox

The Clorox Company (NYSE: CLX) is a consumer products company that develops, manufactures and markets household, health and wellness, and lifestyle products. Its portfolio includes cleaning and disinfecting products, laundry and home-care items, food products, personal-care products, water-filtration systems, charcoal, and cat litter.

Clorox’s brands include Clorox bleach and disinfecting products, Pine-Sol, Fresh Step and Scoop Away, Kingsford, Brita, Burt’s Bees, Hidden Valley, and products marketed under the Glad name.