10,698 Shares in The Clorox Company $CLX Acquired by Krilogy Financial LLC

Krilogy Financial LLC acquired a new stake in shares of The Clorox Company (NYSE:CLX) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 10,698 shares of the company’s stock, valued at approximately $867,000.

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

Clorox Stock Up 0.8%

Shares of CLX stock traded up $0.71 during trading hours on Friday, reaching $86.91. The company had a trading volume of 2,736,717 shares, compared to its average volume of 2,823,541. The Clorox Company has a 12 month low of $79.12 and a 12 month 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 simple moving average of $92.27 and a 200-day simple moving average of $95.29. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 2.73 and a beta of 0.59.

Clorox (NYSE:CLX) last announced 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. 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 prior year, the company posted $2.87 earnings per share. Clorox’s revenue 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, research analysts expect that The Clorox Company will post 5.74 earnings per share for the current fiscal year.

Clorox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Wednesday, October 28th will be paid a dividend of $1.25 per share. The ex-dividend date is Wednesday, October 28th. This represents a $5.00 annualized dividend and a yield of 5.8%. Clorox’s dividend payout ratio (DPR) is 103.73%.

Wall Street Analysts Forecast Growth

CLX has been the topic of several research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Clorox in a report on Tuesday, October 6th. Wells Fargo & Company reduced their price objective on shares of Clorox from $90.00 to $85.00 and set an “equal weight” rating for the company in a report on Monday, October 5th. Wall Street Zen downgraded shares of Clorox from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Evercore set a $99.00 target price on shares of Clorox in a research report on Tuesday, August 4th. Finally, TD Cowen lowered their target price on shares of Clorox from $85.00 to $80.00 and set a “hold” rating on the stock in a report on Tuesday. Twelve investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $94.64.

Clorox Company 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.