The Clorox Company $CLX Shares Newly Acquired by Echo45 Advisors LLC

Echo45 Advisors LLC purchased a new stake in The Clorox Company (NYSE:CLX) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 8,550 shares of the company’s stock, valued at approximately $693,000.

Several other hedge funds have also recently bought and sold shares of the stock. Kestra Private Wealth Services LLC boosted its holdings in shares of Clorox by 1.8% during the first quarter. Kestra Private Wealth Services LLC now owns 5,957 shares of the company’s stock worth $617,000 after acquiring an additional 104 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Clorox by 9.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,402 shares of the company’s stock worth $145,000 after purchasing an additional 119 shares during the last quarter. Root Financial Partners LLC lifted its holdings in Clorox by 83.8% during the 1st quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock worth $33,000 after purchasing an additional 145 shares during the last quarter. Webster Bank N. A. boosted its stake in Clorox by 61.2% in the 1st quarter. Webster Bank N. A. now owns 395 shares of the company’s stock valued at $41,000 after purchasing an additional 150 shares during the period. Finally, Eastern Bank boosted its stake in Clorox by 3.1% in the 3rd quarter. Eastern Bank now owns 5,052 shares of the company’s stock valued at $409,000 after purchasing an additional 150 shares during the period. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on Clorox in a research report on Tuesday, August 4th. Zacks Research upgraded shares of Clorox from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Wells Fargo & Company lowered their price target on shares of Clorox from $90.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Clorox in a research note on Friday, July 10th. Finally, Citigroup cut their price objective on shares of Clorox from $100.00 to $97.00 and set a “neutral” rating for the company in a report on Friday, September 11th. Thirteen analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $101.07.

Clorox Price Performance

Shares of CLX traded down $1.40 during trading hours on Wednesday, hitting $82.12. 2,153,924 shares of the company were exchanged, compared to its average volume of 2,662,896. The company has a quick ratio of 0.38, a current ratio of 0.66 and a debt-to-equity ratio of 15.80. The Clorox Company has a fifty-two week low of $79.12 and a fifty-two week high of $128.90. The company has a market cap of $9.93 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 2.58 and a beta of 0.59. The firm’s fifty day moving average is $94.98 and its 200 day moving average is $96.34.

Clorox (NYSE:CLX) last posted its quarterly earnings results on Monday, August 3rd. The company reported $1.66 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 business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the firm earned $2.87 earnings per share. Clorox’s revenue for the quarter was down 2.0% compared to the same quarter last year. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, equities analysts anticipate that The Clorox Company will post 5.77 earnings per share for the current fiscal year.

Clorox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Wednesday, October 28th will be given a $1.25 dividend. The ex-dividend date is Wednesday, October 28th. This represents a $5.00 annualized dividend and a dividend yield of 6.1%. Clorox’s payout ratio is presently 103.73%.

Clorox Profile

The Clorox Company is a consumer and professional products company that develops, manufactures and markets household cleaning, disinfecting, wellness and personal care products. Its portfolio includes the Clorox bleach and cleaning brands, as well as products sold under brands such as Pine-Sol, Liquid-Plumr, Fresh Step, Scoop Away, Kingsford, Hidden Valley, Burt’s Bees and Brita.

Clorox also offers trash bags, food products, water-filtration systems, charcoal and grilling products, cat litter, and professional cleaning and disinfecting solutions.