Nuance Investments LLC Makes New Investment in The Clorox Company $CLX

Nuance Investments LLC bought a new stake in shares of The Clorox Company (NYSE:CLX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 528,738 shares of the company’s stock, valued at approximately $50,463,000. Clorox comprises approximately 8.6% of Nuance Investments LLC’s portfolio, making the stock its 3rd biggest holding. Nuance Investments LLC owned about 0.44% of Clorox at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CLX. Argyle Capital Partners LLC purchased a new stake in Clorox during the second quarter valued at $240,000. BlackRock Inc. purchased a new position in shares of Clorox in the 2nd quarter worth $958,640,000. Pallas Capital Advisors LLC bought a new stake in shares of Clorox in the 2nd quarter worth about $558,000. Deutsche Bank AG bought a new stake in shares of Clorox in the 2nd quarter worth about $68,473,000. Finally, Perigon Wealth Management LLC purchased a new stake in shares of Clorox during the 2nd quarter valued at about $730,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on CLX. Jefferies Financial Group lowered Clorox from a “buy” rating to a “hold” rating and dropped their price target for the stock from $125.00 to $98.00 in a research report on Tuesday, July 28th. Wall Street Zen downgraded Clorox from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research cut Clorox from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Clorox in a research report on Friday, July 10th. Finally, Wells Fargo & Company increased their price target on Clorox from $95.00 to $102.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th. Twelve investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Clorox has an average rating of “Reduce” and an average target price of $102.40.

Clorox Stock Up 0.3%

Shares of NYSE CLX opened at $106.01 on Tuesday. The Clorox Company has a 1 year low of $84.70 and a 1 year high of $128.90. The firm has a 50-day simple moving average of $98.30 and a two-hundred day simple moving average of $103.19. The company has a market cap of $12.82 billion, a P/E ratio of 21.99, a PEG ratio of 3.15 and a beta of 0.54. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.66 and a quick ratio of 0.38.

Clorox (NYSE:CLX) last released 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. 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 analysts’ expectations of $1.91 billion. During the same quarter in the prior year, the firm posted $2.87 earnings per share. The company’s quarterly revenue 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 5.82 earnings per share for the current year.

Clorox Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Wednesday, August 12th will be given a $1.25 dividend. This is a boost from Clorox’s previous quarterly dividend of $1.24. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $5.00 annualized dividend and a yield of 4.7%. 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.