The Clorox Company $CLX Shares Acquired by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC increased its stake in shares of The Clorox Company (NYSE:CLX) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,096 shares of the company’s stock after acquiring an additional 7,336 shares during the quarter. Cyndeo Wealth Partners LLC owned approximately 0.08% of Clorox worth $7,623,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CLX. Hanson & Doremus Investment Management increased its holdings in shares of Clorox by 1,157.0% during the third quarter. Hanson & Doremus Investment Management now owns 1,257 shares of the company’s stock valued at $102,000 after acquiring an additional 1,157 shares in the last quarter. Pension & Wealth Management Advisors Inc. bought a new position in shares of Clorox in the 3rd quarter worth $26,000. NFSG Corp lifted its holdings in shares of Clorox by 31.7% in the 3rd quarter. NFSG Corp now owns 2,034 shares of the company’s stock worth $170,000 after purchasing an additional 489 shares in the last quarter. Walser Wealth Management Company A Ltd Liability Co grew its position in Clorox by 17.9% in the 3rd quarter. Walser Wealth Management Company A Ltd Liability Co now owns 11,097 shares of the company’s stock valued at $899,000 after purchasing an additional 1,686 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Clorox by 117.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 64,990 shares of the company’s stock valued at $5,265,000 after purchasing an additional 35,149 shares during the period. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on CLX shares. Wall Street Zen lowered shares of Clorox from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Clorox in a research note on Tuesday, October 6th. JPMorgan Chase & Co. lifted their price objective on shares of Clorox from $92.00 to $95.00 and gave the company an “underweight” rating in a report on Tuesday, August 4th. Jefferies Financial Group cut shares of Clorox from a “buy” rating to a “hold” rating and reduced their price objective for the company from $125.00 to $98.00 in a report on Tuesday, July 28th. Finally, BNP Paribas Exane decreased their target price on shares of Clorox from $97.00 to $95.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Twelve equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $94.64.

Clorox Stock Up 0.8%

CLX stock opened at $86.91 on Friday. The firm has a market capitalization of $10.51 billion, a PE ratio of 15.56, a P/E/G ratio of 2.73 and a beta of 0.59. 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 twelve month low of $79.12 and a twelve month high of $128.90. The stock’s 50 day moving average is $92.27 and its 200-day moving average is $95.29.

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. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.91 billion. Clorox had a return on equity of 522.23% and a net margin of 8.74%. Clorox’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Sell-side analysts expect that The Clorox Company will post 5.74 EPS for the current fiscal year.

Clorox Dividend Announcement

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