Perigon Wealth Management LLC Acquires Shares of 7,644 The Clorox Company $CLX

Perigon Wealth Management LLC acquired a new stake in The Clorox Company (NYSE:CLX) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 7,644 shares of the company’s stock, valued at approximately $730,000.

Several other large investors have also recently modified their holdings of CLX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Clorox by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,380 shares of the company’s stock worth $1,970,000 after buying an additional 514 shares during the period. Woodline Partners LP lifted its holdings in shares of Clorox by 253.7% in the 1st quarter. Woodline Partners LP now owns 10,407 shares of the company’s stock worth $1,532,000 after acquiring an additional 7,465 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Clorox by 1.7% in the 2nd quarter. Baird Financial Group Inc. now owns 25,032 shares of the company’s stock worth $3,006,000 after acquiring an additional 424 shares during the last quarter. Jump Financial LLC boosted its stake in shares of Clorox by 173.5% during the 2nd quarter. Jump Financial LLC now owns 12,491 shares of the company’s stock worth $1,500,000 after purchasing an additional 7,924 shares during the period. Finally, Bank of Nova Scotia boosted its stake in shares of Clorox by 26.2% during the 2nd quarter. Bank of Nova Scotia now owns 16,141 shares of the company’s stock worth $1,938,000 after purchasing an additional 3,352 shares during the period. Institutional investors own 78.53% of the company’s stock.

Clorox Stock Performance

Shares of NYSE:CLX opened at $105.86 on Wednesday. The firm’s 50 day simple moving average is $98.44 and its 200-day simple moving average is $103.17. The company has a debt-to-equity ratio of 15.80, a quick ratio of 0.38 and a current ratio of 0.66. The Clorox Company has a one year low of $84.70 and a one year high of $128.90. The firm has a market cap of $12.80 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 3.15 and a beta of 0.54.

Clorox (NYSE:CLX) last announced its quarterly earnings results 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. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the business earned $2.87 earnings per share. Clorox’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. As a group, equities analysts predict that The Clorox Company will post 5.8 EPS for the current year.

Clorox Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Wednesday, August 12th will be issued a $1.25 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $5.00 annualized dividend and a dividend yield of 4.7%. This is a positive change from Clorox’s previous quarterly dividend of $1.24. Clorox’s dividend payout ratio (DPR) is currently 103.73%.

Key Clorox News

Here are the key news stories impacting Clorox this week:

• Positive Sentiment: Zacks Research raised its EPS forecasts for Clorox’s third-quarter 2027 and fourth-quarter 2027, and projects earnings of $6.89 per share for fiscal 2029. These increases suggest some potential for longer-term earnings growth, although they were offset by reductions elsewhere.
• Neutral Sentiment: An analysis comparing Church & Dwight (CHD) and Clorox (CLX) highlights Clorox’s higher dividend yield. However, Clorox has increased its dividend more cautiously, making the stock more attractive to current-income investors than to investors seeking rapid dividend growth. Two Consumer Staples, Two Dividend Strategies: Church & Dwight and The Clorox Company
• Negative Sentiment: A cyclospora outbreak has made consumers more cautious about buying salads, and one analyst reportedly sees declining sales for Clorox’s Hidden Valley Ranch dressing. A sustained pullback in salad consumption could weigh on brand sales and near-term revenue. Hidden Valley Ranch dressing may be a victim of this summer’s salad scare
• Negative Sentiment: Zacks Research lowered its fiscal 2027 EPS estimate to $5.82 from $6.00 and cut its fiscal 2028 forecast to $6.23 from $6.36. It also reduced estimates for the first and second quarters of fiscal 2028 and the second quarter of fiscal 2027. The firm maintains a Strong Sell rating, which is a notable negative signal despite several upward revisions.

Analyst Ratings Changes

CLX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Clorox from $92.00 to $95.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 4th. Evercore set a $99.00 target price on Clorox in a research note on Tuesday, August 4th. Citigroup increased their price target on Clorox from $97.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Morgan Stanley dropped their price objective on Clorox from $110.00 to $97.00 and set an “equal weight” rating for the company in a report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Clorox in a research report on Friday, July 10th. Twelve research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company 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.