Krilogy Financial LLC Makes New $867,000 Investment in The Clorox Company $CLX

Krilogy Financial LLC bought 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. The firm bought 10,698 shares of the company’s stock, valued at approximately $867,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ancora Advisors LLC acquired a new stake in shares of Clorox in the second quarter valued at about $28,000. Avalon Trust Co bought a new position in shares of Clorox during the second quarter worth about $29,000. Markowski Investments acquired a new position in shares of Clorox in the second quarter worth approximately $30,000. Root Financial Partners LLC lifted its stake in shares of Clorox by 83.8% in the first quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock worth $33,000 after acquiring an additional 145 shares during the period. Finally, Western Wealth Management LLC acquired a new position in shares of Clorox in the first quarter worth approximately $35,000. 78.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on CLX shares. Deutsche Bank Aktiengesellschaft set a $98.00 target price on shares of Clorox in a research report on Tuesday, August 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Clorox in a report on Tuesday, October 6th. Zacks Research upgraded shares of Clorox from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. Wells Fargo & Company reduced their price objective on shares of Clorox from $90.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Monday, October 5th. Finally, Barclays reduced their price objective on shares of Clorox from $84.00 to $80.00 and set an “underweight” rating on the stock in a research note on Friday. Twelve analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $94.64.

Clorox Trading Up 0.8%

Shares of NYSE:CLX traded up $0.71 during mid-day trading on Friday, hitting $86.91. The company had a trading volume of 2,736,717 shares, compared to its average volume of 2,823,541. The firm has a fifty day moving average price of $92.27 and a 200 day moving average price of $95.29. The company has a market capitalization of $10.51 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 2.73 and a beta of 0.59. 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 one year low of $79.12 and a one year high of $128.90.

Clorox (NYSE:CLX) last issued its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.02. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.91 billion. Clorox had a net margin of 8.74% and a return on equity of 522.23%. Clorox’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, research analysts forecast that The Clorox Company will post 5.74 EPS for the current year.

Clorox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Wednesday, October 28th will be issued a dividend of $1.25 per share. The ex-dividend date is Wednesday, October 28th. This represents a $5.00 annualized dividend and a dividend yield of 5.8%. Clorox’s dividend payout ratio is currently 103.73%.

Clorox Company Profile

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.