Fundsmith LLP Has $25.89 Million Stake in The Clorox Company $CLX

Fundsmith LLP lifted its holdings in shares of The Clorox Company (NYSE:CLX) by 5.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 271,318 shares of the company’s stock after acquiring an additional 14,101 shares during the quarter. Clorox accounts for about 0.2% of Fundsmith LLP’s holdings, making the stock its 29th largest position. Fundsmith LLP owned about 0.22% of Clorox worth $25,895,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Clorox in the second quarter worth about $958,640,000. Bank of America Corp DE bought a new position in Clorox during the second quarter valued at approximately $179,780,000. Norges Bank purchased a new position in Clorox in the 4th quarter worth $135,735,000. Bank of New York Mellon Corp purchased a new stake in Clorox during the second quarter valued at about $123,154,000. Finally, Equity Investment Corp bought a new position in shares of Clorox during the second quarter valued at about $111,800,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CLX shares. Barclays restated an “underweight” rating and set a $84.00 target price on shares of Clorox in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $98.00 target price on Clorox in a research note on Tuesday, August 4th. Jefferies Financial Group lowered Clorox from a “buy” rating to a “hold” rating and lowered their price target for the company from $125.00 to $98.00 in a research report on Tuesday, July 28th. Citigroup raised their price target on Clorox from $97.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Finally, Wall Street Zen downgraded shares of Clorox from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Twelve equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Clorox currently has an average rating of “Reduce” and a consensus price target of $102.40.

Clorox Stock Performance

Shares of Clorox stock opened at $102.57 on Monday. The Clorox Company has a 12 month low of $84.70 and a 12 month high of $128.90. The firm has a market capitalization of $12.40 billion, a P/E ratio of 21.28, a P/E/G ratio of 3.21 and a beta of 0.54. 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 business has a fifty day simple moving average of $99.83 and a two-hundred day simple moving average of $102.60.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) 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 company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the business earned $2.87 EPS. Clorox’s quarterly revenue 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 5.8 earnings per share for the current fiscal year.

Clorox Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Wednesday, August 12th were given a dividend of $1.25 per share. This is a boost from Clorox’s previous quarterly dividend of $1.24. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $5.00 dividend on an annualized basis and a yield of 4.9%. Clorox’s dividend payout ratio is 103.73%.

About Clorox

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.