Tidal Investments LLC Has $3.67 Million Holdings in The Clorox Company $CLX

Tidal Investments LLC lifted its stake in shares of The Clorox Company (NYSE:CLX) by 26.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 38,464 shares of the company’s stock after acquiring an additional 8,031 shares during the period. Tidal Investments LLC’s holdings in Clorox were worth $3,671,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC lifted its position in Clorox by 1.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 5,957 shares of the company’s stock worth $617,000 after acquiring an additional 104 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Clorox by 9.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,402 shares of the company’s stock worth $145,000 after purchasing an additional 119 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Clorox by 6.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,063 shares of the company’s stock valued at $208,000 after purchasing an additional 122 shares during the period. Root Financial Partners LLC grew its holdings in Clorox by 83.8% in the 1st 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 last quarter. Finally, Webster Bank N. A. grew its holdings in Clorox by 61.2% in the 1st quarter. Webster Bank N. A. now owns 395 shares of the company’s stock valued at $41,000 after buying an additional 150 shares during the last quarter. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CLX has been the subject of several research reports. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on Clorox in a research report on Tuesday, August 4th. Evercore set a $99.00 target price on shares of Clorox in a research note on Tuesday, August 4th. Wall Street Zen lowered shares of Clorox from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Wells Fargo & Company dropped their price objective on shares of Clorox from $102.00 to $90.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Barclays reiterated an “underweight” rating and issued a $84.00 target price on shares of Clorox in a research note on Tuesday, August 4th. Twelve research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $101.40.

Clorox Price Performance

Clorox stock opened at $89.36 on Tuesday. The business has a 50 day simple moving average of $99.09 and a 200 day simple moving average of $100.11. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.66 and a quick ratio of 0.38. The company has a market capitalization of $10.81 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 2.75 and a beta of 0.56. The Clorox Company has a one year low of $84.70 and a one year high of $128.90.

Clorox (NYSE:CLX) last released its quarterly earnings data on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.02. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.91 billion. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, sell-side analysts forecast that The Clorox Company will post 5.8 EPS for the current fiscal year.

Clorox Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Wednesday, August 12th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 5.6%. This is a boost from Clorox’s previous quarterly dividend of $1.24. The ex-dividend date was Wednesday, August 12th. Clorox’s dividend payout ratio (DPR) is presently 103.73%.

Clorox Company Profile

The Clorox Company (NYSE: CLX) is a consumer products company that develops, manufactures and markets household, health and wellness, and lifestyle products. Its portfolio includes cleaning and disinfecting products, laundry and home-care items, food products, personal-care products, water-filtration systems, charcoal, and cat litter.

Clorox’s brands include Clorox bleach and disinfecting products, Pine-Sol, Fresh Step and Scoop Away, Kingsford, Brita, Burt’s Bees, Hidden Valley, and products marketed under the Glad name.