Empowered Funds LLC Invests $11.14 Million in The Clorox Company $CLX

Empowered Funds LLC acquired a new position in The Clorox Company (NYSE:CLX) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 116,687 shares of the company’s stock, valued at approximately $11,137,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. United Capital Financial Advisors LLC purchased a new position in Clorox in the 2nd quarter worth approximately $346,000. Dearborn Partners LLC purchased a new stake in shares of Clorox during the 2nd quarter valued at $284,000. Equitable Holdings Inc. purchased a new stake in shares of Clorox during the 2nd quarter valued at $331,000. Centaurus Financial Inc. bought a new stake in shares of Clorox during the 2nd quarter worth $220,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Clorox in the second quarter worth $3,277,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

Clorox Price Performance

Shares of NYSE:CLX opened at $102.57 on Friday. The stock has a market cap of $12.40 billion, a PE ratio of 21.28, a PEG ratio of 3.21 and a beta of 0.54. The company’s fifty day moving average is $99.83 and its 200 day moving average is $102.72. The Clorox Company has a 52 week low of $84.70 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.

Clorox (NYSE:CLX) last posted its quarterly earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) 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 business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the business posted $2.87 earnings per share. The company’s 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 announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Wednesday, August 12th were issued a dividend of $1.25 per share. The ex-dividend date was Wednesday, August 12th. This represents a $5.00 annualized dividend and a yield of 4.9%. This is a boost from Clorox’s previous quarterly dividend of $1.24. Clorox’s dividend payout ratio (DPR) is currently 103.73%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft set a $98.00 target price on Clorox in a research note on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price target on Clorox from $92.00 to $95.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 4th. UBS Group upped their price objective on Clorox from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Zacks Research cut Clorox from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Finally, BNP Paribas Exane dropped their target price on Clorox from $97.00 to $95.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Twelve analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Clorox has a consensus rating of “Reduce” and a consensus target price of $102.40.

About Clorox

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.