8,216 Shares in The Clorox Company $CLX Purchased by Wallace Capital Management Inc.

Wallace Capital Management Inc. acquired a new stake in shares of The Clorox Company (NYSE:CLX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,216 shares of the company’s stock, valued at approximately $784,000.

A number of other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Clorox in the 2nd quarter worth approximately $958,640,000. State Street Corp boosted its stake in 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 purchasing an additional 282,794 shares during the last quarter. Invesco Ltd. boosted its stake in Clorox by 22.1% during the 4th quarter. Invesco Ltd. now owns 4,880,341 shares of the company’s stock valued at $492,085,000 after purchasing an additional 884,751 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Clorox by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 3,172,233 shares of the company’s stock worth $318,613,000 after purchasing an additional 10,060 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Clorox by 15.7% in the 4th 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. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Clorox Stock Down 0.6%

CLX opened at $104.33 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.38 and a debt-to-equity ratio of 15.80. The Clorox Company has a 1-year low of $84.70 and a 1-year high of $128.90. The company has a market capitalization of $12.62 billion, a PE ratio of 21.65, a PEG ratio of 3.28 and a beta of 0.54. The firm’s 50 day simple moving average is $99.54 and its two-hundred day simple moving average is $102.83.

Clorox (NYSE:CLX) last issued its quarterly earnings data 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. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.91 billion. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, equities analysts forecast that The Clorox Company will post 5.8 EPS for the current year.

Clorox Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Wednesday, August 12th will be issued a dividend of $1.25 per share. This is a boost from Clorox’s previous quarterly dividend of $1.24. This represents a $5.00 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, August 12th. Clorox’s dividend payout ratio is presently 103.73%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CLX. Jefferies Financial Group downgraded Clorox from a “buy” rating to a “hold” rating and lowered their price target for the company from $125.00 to $98.00 in a report on Tuesday, July 28th. Wells Fargo & Company lifted their price objective on Clorox from $95.00 to $102.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. The Goldman Sachs Group reissued a “sell” rating and issued a $83.00 target price on shares of Clorox in a research report on Friday, May 1st. Citigroup upped their target price on shares of Clorox from $97.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Finally, UBS Group raised their price target on shares of Clorox from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Twelve equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Clorox presently has a consensus rating of “Reduce” and a consensus price target 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.