The Clorox Company $CLX Holdings Raised by Yousif Capital Management LLC

Yousif Capital Management LLC increased its position in shares of The Clorox Company (NYSE:CLX) by 113.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 138,416 shares of the company’s stock after buying an additional 73,493 shares during the period. Yousif Capital Management LLC’s holdings in Clorox were worth $11,213,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Pension & Wealth Management Advisors Inc. acquired a new position in Clorox in the third quarter valued at $26,000. Ancora Advisors LLC acquired a new stake in Clorox during the 2nd quarter worth about $28,000. Avalon Trust Co acquired a new stake in Clorox during the 2nd quarter worth about $29,000. Markowski Investments bought a new position in shares of Clorox in the 2nd quarter worth about $30,000. Finally, Root Financial Partners LLC raised its position in shares of Clorox by 83.8% in the 1st quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock worth $33,000 after acquiring an additional 145 shares in the last quarter. Institutional investors own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CLX shares. JPMorgan Chase & Co. dropped their price objective on Clorox from $95.00 to $83.00 and set an “underweight” rating on the stock in a research note on Monday, October 19th. Evercore set a $99.00 target price on Clorox in a research note on Tuesday, August 4th. Morgan Stanley lowered their target price on Clorox from $97.00 to $87.00 and set an “equal weight” rating for the company in a report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $95.00 target price on shares of Clorox in a report on Monday, October 19th. Finally, Zacks Research raised Clorox from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Twelve research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $93.57.

Clorox Stock Down 2.6%

Shares of NYSE CLX opened at $86.38 on Friday. 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 market cap of $10.45 billion, a PE ratio of 17.92, a P/E/G ratio of 2.87 and a beta of 0.59. The company’s fifty day simple moving average is $90.24 and its 200 day simple moving average is $94.73. The Clorox Company has a 12-month low of $79.12 and a 12-month high of $128.90.

Clorox (NYSE:CLX) last posted its quarterly earnings results 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 net margin of 8.74% and a return on equity of 522.23%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the firm posted $2.87 earnings per share. The business’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. As a group, sell-side analysts forecast that The Clorox Company will post 5.66 earnings per share for the current fiscal year.

Clorox Announces Dividend

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