Korea Investment CORP Buys New Shares in The Clorox Company $CLX

Korea Investment CORP purchased a new stake in shares of The Clorox Company (NYSE:CLX) in the second quarter, Holdings Channel reports. The firm purchased 139,819 shares of the company’s stock, valued at approximately $13,344,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Darwin Wealth Management LLC bought a new stake in shares of Clorox in the second quarter valued at approximately $29,000. Caitlin John LLC increased its stake in Clorox by 1,807.1% in the 4th quarter. Caitlin John LLC now owns 267 shares of the company’s stock worth $27,000 after acquiring an additional 253 shares during the last quarter. Avalon Trust Co purchased a new stake in Clorox in the second quarter valued at approximately $29,000. Root Financial Partners LLC lifted its holdings 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 acquiring an additional 145 shares during the last quarter. Finally, Western Wealth Management LLC bought a new stake in Clorox during the first quarter worth about $35,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CLX shares. BNP Paribas Exane cut their price objective on shares of Clorox from $97.00 to $95.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. The Goldman Sachs Group restated a “sell” rating and set a $83.00 price target on shares of Clorox in a research report on Friday, May 1st. Wall Street Zen cut shares of Clorox from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. UBS Group lifted their target price on shares of Clorox from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Finally, Morgan Stanley dropped their target price on shares of Clorox from $110.00 to $97.00 and set an “equal weight” rating on the stock in a report on Friday, May 1st. Twelve analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Clorox has a consensus rating of “Reduce” and an average target price of $102.40.

Clorox Stock Up 0.3%

Shares of NYSE CLX opened at $107.00 on Monday. The Clorox Company has a 1 year low of $84.70 and a 1 year high of $128.90. The firm has a 50-day simple moving average of $98.97 and a two-hundred day simple moving average of $103.07. The company has a market cap of $12.94 billion, a P/E ratio of 22.20, a PEG ratio of 3.34 and a beta of 0.54. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.66 and a quick ratio of 0.38.

Clorox (NYSE:CLX) last released its earnings results on Monday, August 3rd. The company reported $1.66 EPS for the quarter, beating 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 firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the prior year, the firm posted $2.87 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Research analysts anticipate that The Clorox Company will post 5.8 earnings per share for the current year.

Clorox Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Wednesday, August 12th will be issued a $1.25 dividend. 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 dividend on an annualized basis and a dividend yield of 4.7%. Clorox’s dividend payout ratio (DPR) is currently 103.73%.

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.