The Clorox Company $CLX Position Lifted by Radnor Capital Management LLC

Radnor Capital Management LLC lifted its position in shares of The Clorox Company (NYSE:CLX) by 223.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,424 shares of the company’s stock after purchasing an additional 6,512 shares during the quarter. Radnor Capital Management LLC’s holdings in Clorox were worth $763,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Clorox in the second quarter worth $958,640,000. Bank of America Corp DE bought a new stake in shares of Clorox during the 2nd quarter valued at $179,780,000. Bank of New York Mellon Corp bought a new stake in shares of Clorox during the 2nd quarter valued at $123,154,000. Equity Investment Corp bought a new stake in shares of Clorox during the 2nd quarter valued at $111,800,000. Finally, Deutsche Bank AG purchased a new stake in shares of Clorox in the 2nd quarter worth about $68,473,000. 78.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CLX shares. JPMorgan Chase & Co. decreased their price target on shares of Clorox from $95.00 to $83.00 and set an “underweight” rating for the company in a research note on Monday, October 19th. Wall Street Zen lowered shares of Clorox from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. UBS Group set a $91.00 price objective on shares of Clorox in a report on Thursday, October 15th. Barclays decreased their target price on shares of Clorox from $84.00 to $80.00 and set an “underweight” rating for the company in a research note on Friday, October 16th. Finally, Evercore set a $99.00 target price on shares of Clorox in a report on Tuesday, August 4th. Twelve investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $93.57.

Clorox Price Performance

Shares of NYSE:CLX opened at $86.38 on Friday. The Clorox Company has a 1-year low of $79.12 and a 1-year high of $128.90. 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 business has a fifty day moving average price of $90.24 and a 200-day moving average price of $94.73. The company has a market capitalization of $10.45 billion, a PE ratio of 17.92, a PEG ratio of 2.87 and a beta of 0.59.

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, 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%. Clorox’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, equities analysts expect that The Clorox Company will post 5.66 EPS for the current fiscal year.

Clorox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Wednesday, October 28th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $5.00 annualized dividend and a yield of 5.8%. Clorox’s payout ratio is 103.73%.

Clorox Profile

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.