Landscape Capital Management L.L.C. Takes Position in The Clorox Company $CLX

Landscape Capital Management L.L.C. bought a new position in shares of The Clorox Company (NYSE:CLX) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 52,602 shares of the company’s stock, valued at approximately $5,020,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Korea Investment CORP acquired a new stake in Clorox in the 2nd quarter valued at $13,344,000. EP Wealth Advisors LLC acquired a new position in Clorox during the second quarter worth $796,000. Pinnacle West Asset Management Inc. purchased a new position in Clorox during the second quarter valued at $200,000. Keating Financial Advisory Services Inc. purchased a new position in Clorox during the second quarter valued at $35,000. Finally, OneAscent Financial Services LLC acquired a new stake in shares of Clorox in the second quarter valued at about $204,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Clorox Stock Performance

NYSE CLX opened at $107.00 on Friday. The stock’s fifty day moving average is $98.97 and its two-hundred day moving average is $103.14. The firm has a market capitalization of $12.94 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 3.32 and a beta of 0.54. 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 Clorox Company has a fifty-two week low of $84.70 and a fifty-two week high of $128.90.

Clorox (NYSE:CLX) last issued its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the company earned $2.87 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, research analysts anticipate that The Clorox Company will post 5.8 earnings per share for the current year.

Clorox Increases Dividend

The company 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 dividend of $1.25 per share. The ex-dividend date is Wednesday, August 12th. This is an increase 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 (DPR) is 103.73%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Zacks Research cut shares of Clorox from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. The Goldman Sachs Group reiterated a “sell” rating and set a $83.00 price objective on shares of Clorox in a research note on Friday, May 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Clorox in a research report on Friday, July 10th. Jefferies Financial Group lowered Clorox from a “buy” rating to a “hold” rating and lowered their price target for the stock from $125.00 to $98.00 in a research note on Tuesday, July 28th. Finally, Wells Fargo & Company boosted their price target on Clorox from $95.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Twelve research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, Clorox has an average rating of “Reduce” and a consensus price target of $102.40.

Clorox 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.