45,179 Shares in The Clorox Company $CLX Purchased by Danske Bank A S

Danske Bank A S bought a new position in shares of The Clorox Company (NYSE:CLX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 45,179 shares of the company’s stock, valued at approximately $4,312,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Clorox by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,380 shares of the company’s stock valued at $1,970,000 after purchasing an additional 514 shares during the period. Woodline Partners LP boosted its stake in shares of Clorox by 253.7% during the 1st quarter. Woodline Partners LP now owns 10,407 shares of the company’s stock valued at $1,532,000 after buying an additional 7,465 shares during the period. Baird Financial Group Inc. boosted its stake in shares of Clorox by 1.7% during the 2nd quarter. Baird Financial Group Inc. now owns 25,032 shares of the company’s stock valued at $3,006,000 after buying an additional 424 shares during the period. Jump Financial LLC grew its holdings in shares of Clorox by 173.5% during the 2nd quarter. Jump Financial LLC now owns 12,491 shares of the company’s stock valued at $1,500,000 after acquiring an additional 7,924 shares in the last quarter. Finally, Bank of Nova Scotia increased its stake in shares of Clorox by 26.2% in the second quarter. Bank of Nova Scotia now owns 16,141 shares of the company’s stock worth $1,938,000 after acquiring an additional 3,352 shares during the last quarter. 78.53% of the stock is owned by institutional investors.

Clorox Stock Performance

Shares of NYSE CLX opened at $107.00 on Friday. 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 firm has a market capitalization of $12.94 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 3.32 and a beta of 0.54. The Clorox Company has a one year low of $84.70 and a one year high of $128.90. The business has a fifty day simple moving average of $98.97 and a 200 day simple moving average of $103.14.

Clorox (NYSE:CLX) last announced its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Sell-side analysts expect that The Clorox Company will post 5.8 EPS for the current year.

Clorox Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Wednesday, August 12th will be issued a dividend of $1.25 per share. The ex-dividend date is Wednesday, August 12th. This is a boost from Clorox’s previous quarterly dividend of $1.24. This represents a $5.00 annualized dividend and a yield of 4.7%. Clorox’s dividend payout ratio is currently 103.73%.

Analyst Ratings Changes

A number of brokerages have commented on CLX. Citigroup boosted their target price on Clorox from $97.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Barclays restated an “underweight” rating and issued a $84.00 price objective on shares of Clorox in a report on Tuesday, August 4th. Evercore set a $99.00 target price on shares of Clorox in a research note on Tuesday, August 4th. JPMorgan Chase & Co. increased their price target on shares of Clorox from $92.00 to $95.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 4th. Finally, Wells Fargo & Company upped their price objective on shares of Clorox from $95.00 to $102.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. Twelve equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $102.40.

Clorox Company 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.