34,360 Shares in The Clorox Company $CLX Bought by Nykredit A S

Nykredit A S bought a new stake in shares of The Clorox Company (NYSE:CLX) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 34,360 shares of the company’s stock, valued at approximately $3,279,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Morningstar Investment Management LLC grew its holdings in Clorox by 131.8% during the 4th 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 raised its holdings in shares of Clorox by 6.1% during the 1st quarter. Bank of America Corp DE now owns 1,405,774 shares of the company’s stock worth $145,680,000 after acquiring an additional 80,618 shares in the last quarter. Corient Private Wealth LP bought a new position in shares of Clorox during the 2nd quarter valued at approximately $6,621,000. National Pension Service boosted its position in shares of Clorox by 68.9% during the 4th quarter. National Pension Service now owns 27,537 shares of the company’s stock valued at $2,777,000 after acquiring an additional 11,233 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of Clorox by 37.1% in the second quarter. Benjamin Edwards Inc. now owns 65,247 shares of the company’s stock valued at $6,228,000 after purchasing an additional 17,667 shares in the last quarter. 78.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CLX has been the topic of several research reports. Zacks Research cut shares of Clorox from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Clorox in a research report on Friday, July 10th. Wall Street Zen cut shares of Clorox from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Deutsche Bank Aktiengesellschaft set a $98.00 target price on shares of Clorox in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of Clorox from $92.00 to $95.00 and gave the company an “underweight” rating in a research 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. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $102.40.

Clorox Trading Down 0.0%

NYSE CLX opened at $93.05 on Monday. The company has a debt-to-equity ratio of 15.80, a quick ratio of 0.38 and a current ratio of 0.66. The company has a market capitalization of $11.25 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 2.91 and a beta of 0.56. The company’s 50-day simple moving average is $99.89 and its two-hundred day simple moving average is $101.55. The Clorox Company has a one year low of $84.70 and a one year high of $128.90.

Clorox (NYSE:CLX) last announced 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. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Equities analysts forecast that The Clorox Company will post 5.8 EPS for the current fiscal year.

Clorox Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Wednesday, August 12th were issued a $1.25 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.4%. This is a boost from Clorox’s previous quarterly dividend of $1.24. Clorox’s dividend payout ratio (DPR) 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.