6,142 The Clorox Company $CLX Shares Purchased by Townsend & Associates Inc

Townsend & Associates Inc boosted its holdings in shares of The Clorox Company (NYSE:CLX) by 41.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,963 shares of the company’s stock after buying an additional 6,142 shares during the quarter. Townsend & Associates Inc’s holdings in Clorox were worth $1,698,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. NewEdge Advisors LLC raised its position in Clorox by 11.8% in the 2nd quarter. NewEdge Advisors LLC now owns 75,135 shares of the company’s stock valued at $7,171,000 after purchasing an additional 7,956 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Clorox in the 2nd quarter valued at about $3,277,000. Corient Private Wealth LP purchased a new position in shares of Clorox in the 2nd quarter valued at about $6,621,000. Bank of America Corp DE grew its position in shares of Clorox by 6.1% during the first quarter. Bank of America Corp DE now owns 1,405,774 shares of the company’s stock worth $145,680,000 after buying an additional 80,618 shares in the last quarter. Finally, MAC Alpha Capital Management LP grew its position in shares of Clorox by 88.7% during the second quarter. MAC Alpha Capital Management LP now owns 263,789 shares of the company’s stock worth $25,178,000 after buying an additional 124,019 shares in the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analyst Ratings Changes

CLX has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Clorox in a research note on Tuesday, October 6th. BNP Paribas Exane reduced their target price on shares of Clorox from $97.00 to $95.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Barclays decreased their price target on shares of Clorox from $84.00 to $80.00 and set an “underweight” rating for the company in a research note on Friday, October 16th. Citigroup lowered their price target on shares of Clorox from $97.00 to $90.00 and set a “neutral” rating for the company in a report on Wednesday, October 14th. Finally, Evercore set a $99.00 price target on shares of Clorox in a report on Tuesday, August 4th. Twelve research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $93.57.

Clorox Price Performance

Shares of CLX opened at $86.38 on Monday. 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 Clorox Company has a 1-year low of $79.12 and a 1-year high of $128.90. The stock has a market cap of $10.45 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 2.89 and a beta of 0.59. The firm has a fifty day moving average price of $90.24 and a 200 day moving average price of $94.66.

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, topping the consensus estimate of $1.64 by $0.02. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.91 billion. Clorox had a return on equity of 522.23% and a net margin of 8.74%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, sell-side analysts anticipate that The Clorox Company will post 5.66 EPS for the current year.

Clorox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Wednesday, October 28th will be given a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.8%. Clorox’s dividend payout ratio is 103.73%.

Clorox Profile

The Clorox Company, founded in 1913 and headquartered in Oakland, California, is a consumer and professional products company. It began with household bleach and has expanded into a portfolio of brands serving cleaning, household, personal care, food, and professional markets.

Its brands include Clorox disinfecting and cleaning products, Pine-Sol cleaners, Liquid-Plumr drain care, Kingsford charcoal, Fresh Step and Scoop Away cat litter, Hidden Valley dressings and dips, Brita water filtration products, and Burt’s Bees personal care items.