319,188 Shares in The Clorox Company $CLX Bought by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new stake in The Clorox Company (NYSE:CLX) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 319,188 shares of the company’s stock, valued at approximately $30,463,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Man Group plc purchased a new stake in shares of Clorox in the 2nd quarter worth about $2,014,000. Invst LLC acquired a new position in Clorox during the second quarter worth about $355,000. Jupiter Topco LLC purchased a new stake in shares of Clorox in the second quarter valued at about $1,201,000. EFG International AG acquired a new stake in shares of Clorox in the second quarter valued at approximately $1,629,000. Finally, Ancora Advisors LLC purchased a new position in shares of Clorox during the 2nd quarter worth approximately $28,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Clorox Price Performance

Shares of NYSE:CLX opened at $103.64 on Friday. The company has a market cap of $12.53 billion, a P/E ratio of 21.50, a P/E/G ratio of 3.26 and a beta of 0.54. The business has a fifty day simple moving average of $99.69 and a 200-day simple moving average of $102.72. The Clorox Company has a 52 week low of $84.70 and a 52 week high of $128.90. The company has a quick ratio of 0.38, a current ratio of 0.66 and a debt-to-equity ratio of 15.80.

Clorox (NYSE:CLX) last released its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.02. The firm had revenue of $1.95 billion for 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%.The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Equities research analysts forecast that The Clorox Company will post 5.8 EPS for the current year.

Clorox Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Wednesday, August 12th will be given a $1.25 dividend. This is a boost from Clorox’s previous quarterly dividend of $1.24. This represents a $5.00 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, August 12th. Clorox’s dividend payout ratio is 103.73%.

Analyst Ratings Changes

A number of equities research analysts have commented on CLX shares. Wall Street Zen cut Clorox from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. UBS Group upped their price objective on Clorox from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Jefferies Financial Group lowered Clorox from a “buy” rating to a “hold” rating and decreased their price objective for the company from $125.00 to $98.00 in a research note on Tuesday, July 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Clorox in a research note on Friday, July 10th. Finally, Wells Fargo & Company upped their target price on shares of Clorox from $95.00 to $102.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th. Twelve investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Clorox currently has an average rating of “Reduce” and an average price target of $102.40.

Clorox Profile

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.