The Clorox Company $CLX Stake Decreased by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab lessened its holdings in shares of The Clorox Company (NYSE:CLX) by 76.9% in the second quarter, HoldingsChannel reports. The fund owned 3,520 shares of the company’s stock after selling 11,740 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Clorox were worth $336,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new position in Clorox during the 4th quarter valued at $135,735,000. Invesco Ltd. raised its holdings in Clorox by 22.1% during the 4th quarter. Invesco Ltd. now owns 4,880,341 shares of the company’s stock worth $492,085,000 after buying an additional 884,751 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Clorox by 6,907.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 749,703 shares of the company’s stock valued at $75,593,000 after acquiring an additional 739,005 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in shares of Clorox in the second quarter valued at $71,856,000. Finally, Two Sigma Investments LP boosted its position in Clorox by 33.8% during the 3rd quarter. Two Sigma Investments LP now owns 1,740,175 shares of the company’s stock worth $214,564,000 after acquiring an additional 439,797 shares during the period. 78.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CLX shares. Morgan Stanley dropped their target price on Clorox from $110.00 to $97.00 and set an “equal weight” rating on the stock in a report on Friday, May 1st. Wells Fargo & Company boosted their price objective on shares of Clorox from $95.00 to $102.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 4th. Citigroup upped their price objective on shares of Clorox from $97.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Jefferies Financial Group downgraded shares of Clorox from a “buy” rating to a “hold” rating and cut their target price for the stock from $125.00 to $98.00 in a research report on Tuesday, July 28th. Finally, Evercore set a $99.00 target price on shares of Clorox in a research note on Tuesday, August 4th. Twelve research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $102.40.

Clorox Stock Up 2.5%

Shares of CLX opened at $107.74 on Tuesday. The company has a 50-day moving average price of $96.78 and a two-hundred day moving average price of $103.40. The company has a quick ratio of 0.38, a current ratio of 0.66 and a debt-to-equity ratio of 15.80. The stock has a market cap of $13.03 billion, a price-to-earnings ratio of 22.35, a P/E/G ratio of 3.13 and a beta of 0.54. The Clorox Company has a 12 month low of $84.70 and a 12 month high of $128.90.

Clorox (NYSE:CLX) last released its quarterly earnings data 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. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.91 billion. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Equities analysts predict that The Clorox Company will post 5.82 EPS for the current fiscal year.

Clorox Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors 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 is Wednesday, August 12th. This represents a $5.00 annualized dividend and a yield of 4.6%. Clorox’s dividend payout ratio is presently 102.90%.

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.