The Clorox Company $CLX Shares Purchased by Signaturefd LLC

Signaturefd LLC grew its stake in shares of The Clorox Company (NYSE:CLX) by 44.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,395 shares of the company’s stock after buying an additional 6,279 shares during the quarter. Signaturefd LLC’s holdings in Clorox were worth $1,796,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pension & Wealth Management Advisors Inc. purchased a new position in Clorox in the third quarter worth $26,000. Ancora Advisors LLC purchased a new stake in Clorox during the second quarter valued at about $28,000. Avalon Trust Co bought a new stake in Clorox during the second quarter worth about $29,000. Markowski Investments bought a new stake in Clorox during the second quarter worth about $30,000. Finally, Barrett & Company Inc. lifted its stake in Clorox by 86.0% during the third quarter. Barrett & Company Inc. now owns 372 shares of the company’s stock worth $30,000 after purchasing an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CLX shares. TD Cowen cut their price objective on Clorox from $85.00 to $80.00 and set a “hold” rating for the company in a report on Tuesday, October 13th. JPMorgan Chase & Co. decreased their price objective on Clorox from $95.00 to $83.00 and set an “underweight” rating on the stock in a report on Monday, October 19th. Evercore set a $99.00 target price on Clorox in a research report on Tuesday, August 4th. BNP Paribas Exane dropped their target price on Clorox from $97.00 to $95.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Finally, Morgan Stanley cut their target price on Clorox from $97.00 to $87.00 and set an “equal weight” rating for the company in a research note on Thursday, October 15th. Twelve equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Clorox presently has a consensus rating of “Reduce” and a consensus price target of $93.57.

Clorox Price Performance

Shares of NYSE:CLX opened at $86.78 on Tuesday. The stock has a market cap of $10.50 billion, a PE ratio of 18.00, a PEG ratio of 2.89 and a beta of 0.59. The company’s fifty day moving average is $90.49 and its 200 day moving average is $100.42. The Clorox Company has a 52 week low of $79.12 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.

Clorox (NYSE:CLX) last posted its quarterly earnings results on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.02. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the firm posted $2.87 earnings per share. The firm’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. Research analysts anticipate that The Clorox Company will post 5.66 earnings per share for the current year.

Clorox Dividend Announcement

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 $1.25 dividend. The ex-dividend date is Wednesday, October 28th. This represents a $5.00 annualized dividend and a dividend yield of 5.8%. Clorox’s payout ratio is currently 103.73%.

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.