16,206 Shares in The Clorox Company $CLX Purchased by Longfellow Investment Management Co. LLC

Longfellow Investment Management Co. LLC purchased a new stake in shares of The Clorox Company (NYSE:CLX) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 16,206 shares of the company’s stock, valued at approximately $1,547,000.

Other large investors also recently bought and sold shares of the company. Wilkins Investment Counsel Inc. boosted its holdings in Clorox by 250.6% during the fourth quarter. Wilkins Investment Counsel Inc. now owns 55,064 shares of the company’s stock worth $5,552,000 after buying an additional 39,360 shares in the last quarter. Morningstar Investment Management LLC increased its holdings in Clorox by 131.8% in the fourth quarter. Morningstar Investment Management LLC now owns 62,454 shares of the company’s stock valued at $6,297,000 after buying an additional 35,506 shares in the last quarter. Bank of America Corp DE increased its holdings in Clorox by 6.1% in the first quarter. Bank of America Corp DE now owns 1,405,774 shares of the company’s stock valued at $145,680,000 after buying an additional 80,618 shares in the last quarter. National Pension Service raised its position in shares of Clorox by 68.9% in the fourth quarter. National Pension Service now owns 27,537 shares of the company’s stock worth $2,777,000 after acquiring an additional 11,233 shares during the period. Finally, Birch Hill Investment Advisors LLC purchased a new stake in shares of Clorox during the 4th quarter worth about $22,103,000. 78.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CLX has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $98.00 target price on Clorox in a research report on Tuesday, August 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Clorox in a report on Friday, July 10th. JPMorgan Chase & Co. boosted their price objective on Clorox from $92.00 to $95.00 and gave the company an “underweight” rating in a research report on Tuesday, August 4th. Wells Fargo & Company upped their target price on Clorox from $95.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Finally, Barclays reissued an “underweight” rating and issued a $84.00 price target on shares of Clorox in a research note on Tuesday, August 4th. Twelve analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, Clorox has an average rating of “Reduce” and an average target price of $102.40.

Clorox Trading Up 0.1%

CLX stock opened at $105.85 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.38 and a debt-to-equity ratio of 15.80. The Clorox Company has a 12-month low of $84.70 and a 12-month high of $128.90. The stock has a market cap of $12.80 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 3.15 and a beta of 0.54. The business’s 50-day moving average is $98.08 and its 200 day moving average is $103.24.

Clorox (NYSE:CLX) last announced its earnings results on Monday, August 3rd. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The business’s revenue was down 2.0% compared to the same quarter last year. During the same quarter 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. On average, sell-side analysts anticipate that The Clorox Company will post 5.82 EPS for the current fiscal year.

Clorox Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Wednesday, August 12th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $5.00 annualized dividend and a yield of 4.7%. This is an increase from Clorox’s previous quarterly dividend of $1.24. Clorox’s dividend payout ratio is currently 103.73%.

Clorox 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.