DAVENPORT & Co LLC Sells 553 Shares of The Clorox Company $CLX

DAVENPORT & Co LLC lowered its holdings in The Clorox Company (NYSE:CLX) by 5.4% in the second quarter, HoldingsChannel.com reports. The firm owned 9,754 shares of the company’s stock after selling 553 shares during the quarter. DAVENPORT & Co LLC’s holdings in Clorox were worth $1,171,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Park Avenue Securities LLC bought a new stake in shares of Clorox during the 1st quarter worth approximately $258,000. Farther Finance Advisors LLC boosted its position in shares of Clorox by 25.4% during the 1st quarter. Farther Finance Advisors LLC now owns 5,872 shares of the company’s stock worth $869,000 after acquiring an additional 1,190 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Clorox by 47.8% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,350 shares of the company’s stock worth $346,000 after acquiring an additional 760 shares in the last quarter. Integrated Advisors Network LLC boosted its position in shares of Clorox by 98.1% during the 1st quarter. Integrated Advisors Network LLC now owns 4,338 shares of the company’s stock worth $639,000 after acquiring an additional 2,148 shares in the last quarter. Finally, CX Institutional boosted its position in shares of Clorox by 4.8% during the 1st quarter. CX Institutional now owns 2,964 shares of the company’s stock worth $436,000 after acquiring an additional 136 shares in the last quarter. Institutional investors own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CLX shares. Zacks Research upgraded shares of Clorox from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. The Goldman Sachs Group reduced their price target on shares of Clorox from $115.00 to $110.00 and set a “sell” rating on the stock in a research report on Wednesday, October 1st. TD Cowen reduced their price target on shares of Clorox from $120.00 to $117.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. Jefferies Financial Group reduced their price target on shares of Clorox from $167.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. Finally, Bank of America reduced their price target on shares of Clorox from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $131.92.

Clorox Stock Performance

Shares of Clorox stock opened at $120.14 on Friday. The Clorox Company has a fifty-two week low of $116.53 and a fifty-two week high of $171.37. The company has a debt-to-equity ratio of 5.15, a current ratio of 0.84 and a quick ratio of 0.57. The firm has a market capitalization of $14.63 billion, a P/E ratio of 18.43, a P/E/G ratio of 0.98 and a beta of 0.52. The company’s 50 day moving average price is $122.21 and its two-hundred day moving average price is $128.79.

Clorox (NYSE:CLX) last issued its earnings results on Thursday, July 31st. The company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.63. Clorox had a net margin of 11.40% and a return on equity of 377.86%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business posted $1.82 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Clorox has set its FY 2026 guidance at 5.950-6.30 EPS. On average, equities analysts forecast that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Wednesday, October 22nd will be issued a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Wednesday, October 22nd. Clorox’s payout ratio is 76.07%.

Insider Activity at Clorox

In other news, COO Eric H. Reynolds sold 15,041 shares of Clorox stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $123.78, for a total transaction of $1,861,774.98. Following the transaction, the chief operating officer owned 54,221 shares in the company, valued at approximately $6,711,475.38. The trade was a 21.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.57% of the company’s stock.

Clorox Profile

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.