Fluent Financial LLC Purchases New Shares in The Clorox Company $CLX

Fluent Financial LLC acquired a new position in shares of The Clorox Company (NYSE:CLX) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 13,868 shares of the company’s stock, valued at approximately $1,324,000.

Several other institutional investors have also bought and sold shares of the company. State Street Corp lifted its position in shares of Clorox by 3.5% during the 3rd quarter. State Street Corp now owns 8,434,277 shares of the company’s stock valued at $1,039,946,000 after buying an additional 282,794 shares during the last quarter. Invesco Ltd. raised its stake in Clorox by 22.1% in the 4th quarter. Invesco Ltd. now owns 4,880,341 shares of the company’s stock valued at $492,085,000 after acquiring an additional 884,751 shares during the period. Geode Capital Management LLC lifted its holdings in Clorox by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 3,172,233 shares of the company’s stock valued at $318,613,000 after purchasing an additional 10,060 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Clorox by 15.7% in the fourth quarter. Van ECK Associates Corp now owns 3,136,405 shares of the company’s stock worth $316,244,000 after purchasing an additional 426,433 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Clorox by 33.8% in the third quarter. Two Sigma Investments LP now owns 1,740,175 shares of the company’s stock valued at $214,564,000 after purchasing an additional 439,797 shares during the period. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on CLX shares. Evercore set a $99.00 price target on shares of Clorox in a research note on Tuesday, August 4th. BNP Paribas Exane lowered their target price on shares of Clorox from $97.00 to $95.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. The Goldman Sachs Group restated a “sell” rating and set a $83.00 target price on shares of Clorox in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft set a $98.00 price target on Clorox in a report on Tuesday, August 4th. Finally, Citigroup lifted their price target on Clorox from $97.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Twelve investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $102.40.

Clorox Stock Up 0.1%

Shares of NYSE:CLX opened at $105.24 on Monday. 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 firm has a fifty day moving average of $96.41 and a 200 day moving average of $103.42. The Clorox Company has a 52-week low of $84.70 and a 52-week high of $128.90. The firm has a market capitalization of $12.73 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 3.13 and a beta of 0.54.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Monday, August 3rd. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.64 by $0.02. The firm had revenue of $1.95 billion for 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 company’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, research analysts anticipate that The Clorox Company will post 5.82 EPS for the current fiscal year.

Clorox Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Wednesday, August 12th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Wednesday, August 12th. This is an increase from Clorox’s previous quarterly dividend of $1.24. Clorox’s dividend payout ratio (DPR) is presently 102.90%.

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.