The Clorox Company $CLX Stake Increased by Vest Financial LLC

Vest Financial LLC boosted its stake in The Clorox Company (NYSE:CLX) by 93.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 945,292 shares of the company’s stock after acquiring an additional 457,807 shares during the period. Vest Financial LLC owned 0.78% of Clorox worth $76,578,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Pension & Wealth Management Advisors Inc. bought a new stake in shares of Clorox in the 3rd quarter valued at $26,000. Ancora Advisors LLC acquired a new stake in shares of Clorox during the second quarter worth $28,000. Avalon Trust Co bought a new position in Clorox during the second quarter worth $29,000. Markowski Investments acquired a new position in Clorox in the second quarter valued at $30,000. Finally, Root Financial Partners LLC lifted its holdings in Clorox by 83.8% in the first quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock valued at $33,000 after buying an additional 145 shares during the period. Institutional investors own 78.53% of the company’s stock.

Wall Street Analyst Weigh In

CLX has been the topic of a number of research analyst reports. Jefferies Financial Group cut shares of Clorox from a “buy” rating to a “hold” rating and cut their price target for the company from $125.00 to $98.00 in a research report on Tuesday, July 28th. UBS Group set a $91.00 price objective on Clorox in a research report on Thursday, October 15th. JPMorgan Chase & Co. lowered their price objective on Clorox from $95.00 to $83.00 and set an “underweight” rating for the company in a research report on Monday. Morgan Stanley dropped their price objective on Clorox from $97.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $95.00 target price on shares of Clorox in a research report on Monday. Twelve equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $93.57.

Clorox Stock Performance

Shares of CLX stock opened at $84.72 on Thursday. The company has a market cap of $10.25 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 2.77 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 quick ratio of 0.38, a current ratio of 0.66 and a debt-to-equity ratio of 15.80. The firm has a 50 day moving average of $90.99 and a 200-day moving average of $94.88.

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. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.91 billion. Clorox had a net margin of 8.74% and a return on equity of 522.23%. Clorox’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, equities analysts forecast that The Clorox Company will post 5.72 earnings per share for the current year.

Clorox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Wednesday, October 28th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Wednesday, October 28th. Clorox’s dividend payout ratio (DPR) is presently 103.73%.

About Clorox

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.