Glenview Trust Co Purchases Shares of 5,145 The Clorox Company $CLX

Glenview Trust Co acquired a new position in The Clorox Company (NYSE:CLX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,145 shares of the company’s stock, valued at approximately $491,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Clorox by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,380 shares of the company’s stock worth $1,970,000 after purchasing an additional 514 shares during the last quarter. Woodline Partners LP lifted its position in shares of Clorox by 253.7% in the first quarter. Woodline Partners LP now owns 10,407 shares of the company’s stock valued at $1,532,000 after acquiring an additional 7,465 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of Clorox by 1.7% in the second quarter. Baird Financial Group Inc. now owns 25,032 shares of the company’s stock worth $3,006,000 after acquiring an additional 424 shares during the last quarter. Jump Financial LLC lifted its holdings in Clorox by 173.5% in the 2nd 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 in the last quarter. Finally, Bank of Nova Scotia boosted its position in Clorox by 26.2% during the second quarter. Bank of Nova Scotia now owns 16,141 shares of the company’s stock worth $1,938,000 after acquiring an additional 3,352 shares during the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

CLX has been the topic of several recent research reports. Wall Street Zen cut Clorox from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. UBS Group lifted their price target on Clorox from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Clorox in a research report on Friday, July 10th. BNP Paribas Exane cut their price objective on shares of Clorox from $97.00 to $95.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Finally, Jefferies Financial Group lowered shares of Clorox from a “buy” rating to a “hold” rating and decreased their target price for the company from $125.00 to $98.00 in a report on Tuesday, July 28th. Twelve investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $102.40.

Clorox Price Performance

CLX opened at $102.57 on Friday. The stock’s 50-day moving average price is $99.83 and its 200 day moving average price is $102.72. The Clorox Company has a 12-month low of $84.70 and a 12-month high of $128.90. The firm has a market cap of $12.40 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 3.21 and a beta of 0.54. The company has a current ratio of 0.66, a quick ratio of 0.38 and a debt-to-equity ratio of 15.80.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 8.74% and a return on equity of 522.23%. The business’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 firm earned $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, sell-side analysts expect that The Clorox Company will post 5.8 earnings per share for the current year.

Clorox Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Wednesday, August 12th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Wednesday, August 12th. This is a positive change from Clorox’s previous quarterly dividend of $1.24. Clorox’s dividend payout ratio (DPR) is 103.73%.

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.