Eagle Rock Investment Company LLC Acquires 9,381 Shares of The Clorox Company $CLX

Eagle Rock Investment Company LLC boosted its holdings in The Clorox Company (NYSE:CLX) by 23.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,928 shares of the company’s stock after purchasing an additional 9,381 shares during the quarter. Eagle Rock Investment Company LLC’s holdings in Clorox were worth $4,045,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Axxcess Wealth Management LLC raised its position in shares of Clorox by 126.2% during the third quarter. Axxcess Wealth Management LLC now owns 8,365 shares of the company’s stock worth $678,000 after purchasing an additional 4,667 shares during the period. Arvest Investments Inc. acquired a new position in Clorox during the 3rd quarter valued at about $563,000. Sowell Financial Services LLC raised its stake in shares of Clorox by 8.3% in the third quarter. Sowell Financial Services LLC now owns 27,897 shares of the company’s stock worth $2,260,000 after purchasing an additional 2,127 shares during the last quarter. Carnegie Investment Counsel boosted its position in shares of Clorox by 242.6% during the third quarter. Carnegie Investment Counsel now owns 11,821 shares of the company’s stock valued at $958,000 after buying an additional 8,371 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Clorox by 167.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 72,129 shares of the company’s stock valued at $5,843,000 after buying an additional 45,118 shares during the last quarter. Institutional investors own 78.53% of the company’s stock.

Clorox Stock Performance

NYSE CLX opened at $84.72 on Thursday. The company’s 50 day simple moving average is $90.99 and its two-hundred day simple moving average is $94.88. The stock has a market capitalization of $10.25 billion, a PE ratio of 17.58, a P/E/G ratio of 2.77 and a beta of 0.59. 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 Clorox Company has a 1 year low of $79.12 and a 1 year high of $128.90.

Clorox (NYSE:CLX) last posted its quarterly earnings data 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. The company 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 firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company earned $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Analysts predict that The Clorox Company will post 5.72 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.9%. Clorox’s dividend payout ratio is 103.73%.

Analyst Ratings Changes

Several research firms have commented on CLX. Wall Street Zen lowered shares of Clorox from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Evercore set a $99.00 price target on shares of Clorox in a report on Tuesday, August 4th. Citigroup lowered their price target on shares of Clorox from $97.00 to $90.00 and set a “neutral” rating on the stock in a report on Wednesday, October 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Clorox in a research note on Tuesday, October 6th. Finally, UBS Group set a $91.00 price objective on Clorox 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 company’s stock. According to MarketBeat.com, Clorox currently has a consensus rating of “Reduce” and an average target price 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.