7,108 The Clorox Company $CLX Shares Acquired by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC raised its position in The Clorox Company (NYSE:CLX) by 198.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,686 shares of the company’s stock after buying an additional 7,108 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Clorox were worth $866,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Ancora Advisors LLC bought a new position in shares of Clorox during the 2nd quarter worth $28,000. Avalon Trust Co purchased a new stake in Clorox in the 2nd quarter worth about $29,000. Markowski Investments purchased a new stake in Clorox in the 2nd quarter worth about $30,000. Root Financial Partners LLC raised its stake in Clorox by 83.8% in the 1st quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock valued at $33,000 after acquiring an additional 145 shares during the period. Finally, Western Wealth Management LLC bought a new stake in Clorox in the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CLX. Barclays reaffirmed an “underweight” rating and set a $84.00 price objective on shares of Clorox in a report on Tuesday, August 4th. JPMorgan Chase & Co. lifted their target price on shares of Clorox from $92.00 to $95.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $98.00 price target on shares of Clorox in a research report on Tuesday, August 4th. Evercore set a $99.00 price target on shares of Clorox in a research report on Tuesday, August 4th. Finally, Morgan Stanley dropped their price target on shares of Clorox from $97.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Thursday. Twelve research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $94.93.

Clorox Price Performance

Clorox stock opened at $86.08 on Friday. The Clorox Company has a one year low of $79.12 and a one year high of $128.90. The business has a fifty day moving average price of $92.64 and a 200-day moving average price of $95.35. 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 firm has a market capitalization of $10.41 billion, a P/E ratio of 17.86, a PEG ratio of 2.67 and a beta of 0.59.

Clorox (NYSE:CLX) last announced its quarterly earnings results on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.02. Clorox had a return on equity of 522.23% and a net margin of 8.74%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the business earned $2.87 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, equities research analysts forecast that The Clorox Company will post 5.77 EPS for the current year.

Clorox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Wednesday, October 28th will be paid a $1.25 dividend. The ex-dividend date is Wednesday, October 28th. This represents a $5.00 annualized dividend and a yield of 5.8%. Clorox’s dividend payout ratio (DPR) is currently 103.73%.

Clorox Company 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.