MASTERINVEST Kapitalanlage GmbH Acquires Shares of 6,902 The Clorox Company $CLX

MASTERINVEST Kapitalanlage GmbH acquired a new position in The Clorox Company (NYSE:CLX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,902 shares of the company’s stock, valued at approximately $659,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CLX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Clorox by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,380 shares of the company’s stock valued at $1,970,000 after acquiring an additional 514 shares in the last quarter. Woodline Partners LP lifted its position in shares of Clorox by 253.7% during the first quarter. Woodline Partners LP now owns 10,407 shares of the company’s stock worth $1,532,000 after purchasing an additional 7,465 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Clorox by 1.7% during the second quarter. Baird Financial Group Inc. now owns 25,032 shares of the company’s stock worth $3,006,000 after purchasing an additional 424 shares in the last quarter. Jump Financial LLC grew its stake in shares of Clorox by 173.5% during the second quarter. Jump Financial LLC now owns 12,491 shares of the company’s stock valued at $1,500,000 after purchasing an additional 7,924 shares during the last quarter. Finally, Bank of Nova Scotia increased its holdings in shares of Clorox by 26.2% in the second quarter. Bank of Nova Scotia now owns 16,141 shares of the company’s stock valued at $1,938,000 after purchasing an additional 3,352 shares in the last quarter. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Clorox Stock Down 1.0%

CLX stock opened at $102.57 on Friday. 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 stock has a market capitalization of $12.40 billion, a P/E ratio of 21.28, a P/E/G ratio of 3.24 and a beta of 0.54. The Clorox Company has a fifty-two week low of $84.70 and a fifty-two week high of $128.90. The business has a 50-day moving average of $99.83 and a 200-day moving average of $102.72.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Monday, August 3rd. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the firm posted $2.87 earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, sell-side analysts anticipate that The Clorox Company will post 5.8 earnings per share for the current fiscal year.

Clorox Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Wednesday, August 12th were given a $1.25 dividend. This is an increase from Clorox’s previous quarterly dividend of $1.24. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Wednesday, August 12th. Clorox’s dividend payout ratio (DPR) is presently 103.73%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CLX. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on shares of Clorox in a research report on Tuesday, August 4th. Citigroup lifted their target price on Clorox from $97.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. BNP Paribas Exane dropped their target price on Clorox from $97.00 to $95.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Evercore set a $99.00 price objective on Clorox in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group lowered shares of Clorox from a “buy” rating to a “hold” rating and lowered their target price for the stock from $125.00 to $98.00 in a report on Tuesday, July 28th. Twelve equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Clorox presently has a consensus rating of “Reduce” and an average target price 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.