The Clorox Company $CLX Stake Raised by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC grew its holdings in shares of The Clorox Company (NYSE:CLX) by 23.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,928 shares of the company’s stock after buying an additional 9,381 shares during the period. Eagle Rock Investment Company LLC’s holdings in Clorox were worth $4,045,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CLX. Kestra Private Wealth Services LLC raised its position in shares of Clorox by 1.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 5,957 shares of the company’s stock worth $617,000 after acquiring an additional 104 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Clorox by 9.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,402 shares of the company’s stock valued at $145,000 after buying an additional 119 shares in the last quarter. Elevation Wealth Partners LLC grew its position in shares of Clorox by 32.3% in the 3rd quarter. Elevation Wealth Partners LLC now owns 565 shares of the company’s stock worth $46,000 after buying an additional 138 shares during the period. Root Financial Partners LLC increased its stake in shares of Clorox by 83.8% during 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 in the last quarter. Finally, Webster Bank N. A. lifted its holdings in shares of Clorox by 61.2% during the first quarter. Webster Bank N. A. now owns 395 shares of the company’s stock valued at $41,000 after purchasing an additional 150 shares during the last quarter. 78.53% of the stock is owned by hedge funds and other institutional investors.

Clorox Stock Performance

CLX opened at $84.72 on Thursday. 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 1-year low of $79.12 and a 1-year high of $128.90. The company has a 50 day simple moving average of $90.99 and a two-hundred day simple moving average of $94.88. The firm has a market cap of $10.25 billion, a P/E ratio of 17.58, a PEG ratio of 2.77 and a beta of 0.59.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Monday, August 3rd. The company reported $1.66 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 business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the business earned $2.87 earnings per share. The business’s revenue was down 2.0% on a year-over-year basis. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Equities analysts forecast that The Clorox Company will post 5.72 earnings per share for the current fiscal year.

Clorox Announces Dividend

The company 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 dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $5.00 dividend on an annualized basis and a yield of 5.9%. Clorox’s dividend payout ratio is presently 103.73%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CLX shares. Evercore set a $99.00 price target on Clorox in a report on Tuesday, August 4th. TD Cowen cut their target price on Clorox from $85.00 to $80.00 and set a “hold” rating on the stock in a research note on Tuesday, October 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Clorox in a research report on Tuesday, October 6th. JPMorgan Chase & Co. lowered their target price on shares of Clorox from $95.00 to $83.00 and set an “underweight” rating on the stock in a research note on Monday. Finally, Jefferies Financial Group cut shares of Clorox from a “buy” rating to a “hold” rating and dropped their target price for the stock from $125.00 to $98.00 in a report on Tuesday, July 28th. Twelve equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Clorox has a consensus rating of “Reduce” and an average price target of $93.57.

Clorox Company Profile

The Clorox Company, founded in 1913 and headquartered in Oakland, California, is a consumer and professional products company. It began with household bleach and has expanded into a portfolio of brands serving cleaning, household, personal care, food, and professional markets.

Its brands include Clorox disinfecting and cleaning products, Pine-Sol cleaners, Liquid-Plumr drain care, Kingsford charcoal, Fresh Step and Scoop Away cat litter, Hidden Valley dressings and dips, Brita water filtration products, and Burt’s Bees personal care items.