The Clorox Company $CLX Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in shares of The Clorox Company (NYSE:CLX) by 167.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 72,129 shares of the company’s stock after purchasing an additional 45,118 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Clorox were worth $5,843,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of CLX. NewEdge Advisors LLC grew its position in shares of Clorox by 11.8% in the second quarter. NewEdge Advisors LLC now owns 75,135 shares of the company’s stock valued at $7,171,000 after purchasing an additional 7,956 shares during the last quarter. Corient Private Wealth LP bought a new position in shares of Clorox in the second quarter worth about $6,621,000. Public Employees Retirement System of Ohio bought a new position in shares of Clorox in the second quarter worth about $3,277,000. Bank of America Corp DE lifted its position 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 purchasing an additional 80,618 shares during the last quarter. Finally, MAC Alpha Capital Management LP lifted its position in shares of Clorox by 88.7% during the 2nd quarter. MAC Alpha Capital Management LP now owns 263,789 shares of the company’s stock worth $25,178,000 after purchasing an additional 124,019 shares during the last quarter. Institutional investors own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. BNP Paribas Exane dropped their price target on Clorox from $97.00 to $95.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $95.00 price target on shares of Clorox in a report on Monday. Citigroup reduced their price objective on Clorox from $97.00 to $90.00 and set a “neutral” rating for the company in a research report on Wednesday, October 14th. Barclays cut their target price on shares of Clorox from $84.00 to $80.00 and set an “underweight” rating for the company in a research note on Friday, October 16th. Finally, Jefferies Financial Group cut shares of Clorox from a “buy” rating to a “hold” rating and cut their target price for the company from $125.00 to $98.00 in a research note on Tuesday, July 28th. Twelve analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Clorox currently has an average rating of “Reduce” and a consensus price target of $93.57.

Clorox Trading Down 2.6%

Shares of CLX stock opened at $86.38 on Friday. The firm has a fifty day moving average of $90.24 and a 200-day moving average of $94.73. The stock has a market cap of $10.45 billion, a price-to-earnings ratio of 17.92, a P/E/G ratio of 2.95 and a beta of 0.59. The Clorox Company has a 52-week low of $79.12 and a 52-week high of $128.90. The company has a debt-to-equity ratio of 15.80, a quick ratio of 0.38 and a current ratio of 0.66.

Clorox (NYSE:CLX) last released its quarterly earnings data on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.02. Clorox had a return on equity of 522.23% and a net margin of 8.74%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the company posted $2.87 EPS. The company’s 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 research analysts forecast that The Clorox Company will post 5.70 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Wednesday, October 28th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $5.00 dividend on an annualized basis and a yield of 5.8%. Clorox’s payout ratio is currently 103.73%.

Clorox Profile

The Clorox Company, founded in 1913 and headquartered in Oakland, California, is a consumer and professional products company. It began with household bleach and has expanded into a portfolio of brands serving cleaning, household, personal care, food, and professional markets.

Its brands include Clorox disinfecting and cleaning products, Pine-Sol cleaners, Liquid-Plumr drain care, Kingsford charcoal, Fresh Step and Scoop Away cat litter, Hidden Valley dressings and dips, Brita water filtration products, and Burt’s Bees personal care items.