Clorox (NYSE:CLX) Director Pierre Breber Purchases 5,000 Shares

The Clorox Company (NYSE:CLX) Director Pierre Breber purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were acquired at an average price of $85.82 per share, with a total value of $429,100.00. Following the completion of the acquisition, the director owned 18,000 shares in the company, valued at approximately $1,544,760. This trade represents a 38.46% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Clorox Trading Down 0.4%

Clorox stock traded down $0.31 during trading hours on Tuesday, reaching $86.17. 3,678,407 shares of the company’s stock were exchanged, compared to its average volume of 2,503,507. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 27.03. The firm’s 50 day simple moving average is $108.21 and its 200 day simple moving average is $108.66. The firm has a market capitalization of $10.42 billion, a PE ratio of 13.99, a PEG ratio of 0.46 and a beta of 0.59. The Clorox Company has a twelve month low of $84.70 and a twelve month high of $138.94.

Clorox (NYSE:CLX) last issued its earnings results on Thursday, April 30th. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.55 by $0.09. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Clorox had a return on equity of 443.64% and a net margin of 11.18%.The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the business posted $1.45 EPS. Clorox has set its FY 2026 guidance at 5.450-5.650 EPS. Research analysts predict that The Clorox Company will post 5.56 earnings per share for the current year.

Clorox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Wednesday, April 22nd will be paid a $1.24 dividend. The ex-dividend date is Wednesday, April 22nd. This represents a $4.96 annualized dividend and a dividend yield of 5.8%. Clorox’s dividend payout ratio (DPR) is currently 80.52%.

Hedge Funds Weigh In On Clorox

Several large investors have recently added to or reduced their stakes in CLX. Vanguard Personalized Indexing Management LLC lifted its position in shares of Clorox by 64.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 25,732 shares of the company’s stock worth $3,173,000 after buying an additional 10,065 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Clorox by 11.7% during the 3rd quarter. ProShare Advisors LLC now owns 1,297,016 shares of the company’s stock worth $159,922,000 after buying an additional 136,135 shares in the last quarter. Wilkins Investment Counsel Inc. lifted its position in shares of Clorox by 250.6% during the 4th quarter. Wilkins Investment Counsel Inc. now owns 55,064 shares of the company’s stock worth $5,552,000 after buying an additional 39,360 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Clorox by 27.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 928,654 shares of the company’s stock worth $114,506,000 after buying an additional 197,330 shares in the last quarter. Finally, Eliot Finkel Investment Counsel LLC bought a new position in shares of Clorox during the 3rd quarter worth approximately $1,697,000. Institutional investors own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

CLX has been the subject of several research reports. The Goldman Sachs Group restated a “sell” rating and issued a $83.00 target price on shares of Clorox in a research note on Friday. Evercore restated an “underperform” rating and issued a $110.00 target price on shares of Clorox in a research note on Friday. Citigroup reduced their target price on Clorox from $110.00 to $97.00 and set a “neutral” rating for the company in a research note on Friday. Barclays reduced their target price on Clorox from $102.00 to $85.00 and set an “underweight” rating for the company in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $91.00 target price on shares of Clorox in a research note on Friday. One equities research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $104.00.

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.