The Clorox Company $CLX Shares Newly Acquired by Echo45 Advisors LLC

Echo45 Advisors LLC acquired a new position in shares of The Clorox Company (NYSE:CLX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,550 shares of the company’s stock, valued at approximately $693,000.

A number of other hedge funds have also modified their holdings of CLX. Ancora Advisors LLC bought a new stake in Clorox in the 2nd quarter valued at approximately $28,000. Avalon Trust Co bought a new position in shares of Clorox during the 2nd quarter worth approximately $29,000. Markowski Investments acquired a new stake in shares of Clorox in the second quarter valued at approximately $30,000. Root Financial Partners LLC raised its holdings in shares of Clorox by 83.8% in the first quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock valued at $33,000 after purchasing an additional 145 shares during the last quarter. Finally, Western Wealth Management LLC bought a new stake in shares of Clorox in the first quarter worth $35,000. 78.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Evercore set a $99.00 target price on shares of Clorox in a report on Tuesday, August 4th. BNP Paribas Exane lowered their price target on shares of Clorox from $97.00 to $95.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. Citigroup cut their price target on shares of Clorox from $100.00 to $97.00 and set a “neutral” rating on the stock in a research report on Friday, September 11th. Wall Street Zen downgraded shares of Clorox from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Clorox in a report on Friday, July 10th. Thirteen equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $101.07.

Clorox Stock Performance

Clorox stock traded down $1.40 during midday trading on Wednesday, reaching $82.12. 2,153,924 shares of the company’s stock were exchanged, compared to its average volume of 2,662,896. The stock’s 50-day simple moving average is $94.98 and its 200 day simple moving average is $96.34. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 2.58 and a beta of 0.59. The company has a debt-to-equity ratio of 15.80, a quick ratio of 0.38 and a current ratio of 0.66. The Clorox Company has a 52 week low of $79.12 and a 52 week high of $128.90.

Clorox (NYSE:CLX) last released its quarterly earnings data on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.02. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the company earned $2.87 earnings per share. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, analysts expect that The Clorox Company will post 5.77 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Wednesday, October 28th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Wednesday, October 28th. Clorox’s dividend payout ratio is 103.73%.

About Clorox

The Clorox Company is a consumer and professional products company that develops, manufactures and markets household cleaning, disinfecting, wellness and personal care products. Its portfolio includes the Clorox bleach and cleaning brands, as well as products sold under brands such as Pine-Sol, Liquid-Plumr, Fresh Step, Scoop Away, Kingsford, Hidden Valley, Burt’s Bees and Brita.

Clorox also offers trash bags, food products, water-filtration systems, charcoal and grilling products, cat litter, and professional cleaning and disinfecting solutions.