The Clorox Company $CLX Stock: Sterling Capital Management LLC Grows Holdings

Sterling Capital Management LLC lifted its holdings in The Clorox Company (NYSE:CLX) by 174.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 9,935 shares of the company’s stock after acquiring an additional 6,311 shares during the quarter. Sterling Capital Management LLC’s holdings in Clorox were worth $805,000 as of its most recent filing with the SEC.

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

Key Headlines Impacting Clorox

Here are the key news stories impacting Clorox this week:

• Positive Sentiment: Clorox’s annualized $5 dividend offers a yield of approximately 5.7%, which may attract income-focused investors. The November 2 earnings report could provide a catalyst if cash flow shows the payout remains well covered. Is Clorox’s 6% Dividend Yield Safe?
• Neutral Sentiment: Investors are focused on the upcoming fiscal first-quarter results for evidence that Clorox can deliver its fiscal 2027 earnings outlook of $5.70 to $6.00 per share and stabilize organic sales. Clorox Dividend and Earnings Preview
• Negative Sentiment: Zacks Research reduced its fiscal 2027 third-quarter EPS estimate to $1.56 from $1.62 and its fourth-quarter estimate to $1.77 from $1.82. The cuts reinforce concerns about slowing earnings momentum; Zacks maintains a “Hold” rating. Clorox Earnings Estimate Changes
• Negative Sentiment: UBS expects fiscal first-quarter organic sales growth to remain pressured, while cost inflation weighs on earnings. This could make it harder for Clorox to meet expectations and protect margins. Clorox Fiscal Q1 Organic Sales Outlook
• Negative Sentiment: Recent coverage highlights declining sales and an even sharper drop in profits, along with higher costs tied to integrating a recent acquisition. Debt has reportedly doubled to roughly $5 billion, increasing balance-sheet and dividend-coverage risk. Macroeconomic Headwinds are Hitting Clorox From All Sides

Clorox Stock Up 0.7%

Shares of Clorox stock opened at $87.36 on Wednesday. The company has a 50 day moving average of $89.74 and a 200-day moving average of $100.28. The Clorox Company has a 1-year low of $79.12 and a 1-year high of $128.90.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. The firm 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 business earned $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, equities analysts forecast that The Clorox Company will post 5.66 earnings per share for the current year.

Clorox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Wednesday, October 28th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Wednesday, October 28th.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CLX shares. BNP Paribas Exane dropped their price target on shares of Clorox from $97.00 to $95.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Wall Street Zen downgraded Clorox from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Zacks Research upgraded Clorox from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. TD Cowen dropped their price objective on Clorox from $85.00 to $80.00 and set a “hold” rating for the company in a report on Tuesday, October 13th. Finally, Morgan Stanley dropped their price objective on Clorox from $97.00 to $87.00 and set an “equal weight” rating for the company in a report on Thursday, October 15th. Twelve equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Clorox has an average rating of “Reduce” and an average price target of $93.57.

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.