The Clorox Company $CLX Shares Bought by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI raised its position in The Clorox Company (NYSE:CLX) by 209.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,606 shares of the company’s stock after buying an additional 6,505 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in Clorox were worth $917,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. State Street Corp raised its position in Clorox by 3.5% in the 3rd quarter. State Street Corp now owns 8,434,277 shares of the company’s stock valued at $1,039,946,000 after purchasing an additional 282,794 shares during the last quarter. Invesco Ltd. increased its stake in Clorox by 22.1% in the fourth quarter. Invesco Ltd. now owns 4,880,341 shares of the company’s stock valued at $492,085,000 after purchasing an additional 884,751 shares during the period. Geode Capital Management LLC increased its stake in Clorox by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 3,172,233 shares of the company’s stock valued at $318,613,000 after purchasing an additional 10,060 shares during the period. Van ECK Associates Corp raised its holdings in shares of Clorox by 15.7% in the fourth quarter. Van ECK Associates Corp now owns 3,136,405 shares of the company’s stock valued at $316,244,000 after buying an additional 426,433 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of Clorox by 33.8% during the third quarter. Two Sigma Investments LP now owns 1,740,175 shares of the company’s stock worth $214,564,000 after buying an additional 439,797 shares during the period. 78.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. BNP Paribas Exane lowered their price target on Clorox from $97.00 to $95.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $83.00 price objective on shares of Clorox in a research report on Friday, May 1st. Citigroup lifted their target price on Clorox from $97.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. boosted their target price on Clorox from $92.00 to $95.00 and gave the company an “underweight” rating in a report on Tuesday, August 4th. Finally, Morgan Stanley cut their price target on Clorox from $110.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, May 1st. Twelve investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $102.40.

Clorox Stock Performance

Shares of CLX stock opened at $107.74 on Tuesday. The company has a market cap of $13.03 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 3.13 and a beta of 0.54. The stock has a 50 day simple moving average of $96.78 and a 200-day simple moving average of $103.40. The Clorox Company has a 12-month low of $84.70 and a 12-month high of $128.90. The company has a current ratio of 0.66, a quick ratio of 0.38 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, beating analysts’ consensus estimates 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 the consensus estimate of $1.91 billion. During the same period in the previous year, the business earned $2.87 earnings per share. The company’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, equities analysts forecast that The Clorox Company will post 5.82 EPS for the current year.

Clorox Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Wednesday, August 12th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Wednesday, August 12th. This is an increase from Clorox’s previous quarterly dividend of $1.24. Clorox’s payout ratio is presently 102.90%.

Clorox Company Profile

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.