Public Employees Retirement System of Ohio Buys New Stake in The Clorox Company $CLX

Public Employees Retirement System of Ohio bought a new stake in The Clorox Company (NYSE:CLX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 34,334 shares of the company’s stock, valued at approximately $3,277,000.

A number of other large investors have also made changes to their positions in the business. MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of Clorox during the 2nd quarter valued at $659,000. Parvin Asset Management LLC purchased a new position in Clorox during the 2nd quarter worth $1,570,000. Transamerica Financial Advisors LLC acquired a new position in Clorox during the 2nd quarter valued at about $126,000. Corient Private Wealth LP purchased a new stake in Clorox in the second quarter valued at about $6,621,000. Finally, Bank of America Corp DE purchased a new stake in Clorox in the second quarter valued at about $179,780,000. 78.53% of the stock is owned by institutional investors and hedge funds.

Clorox Trading Down 1.3%

Shares of NYSE:CLX opened at $93.05 on Friday. The Clorox Company has a 52-week low of $84.70 and a 52-week high of $128.90. The stock has a market cap of $11.25 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 2.95 and a beta of 0.56. The company has a quick ratio of 0.38, a current ratio of 0.66 and a debt-to-equity ratio of 15.80. The business has a 50-day moving average price of $99.89 and a 200-day moving average price of $101.72.

Clorox (NYSE:CLX) last issued its earnings results on Monday, August 3rd. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the firm earned $2.87 earnings per share. Clorox’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. Equities analysts predict that The Clorox Company will post 5.8 EPS for the current year.

Clorox Increases Dividend

The firm 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 is an increase from Clorox’s previous quarterly dividend of $1.24. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $5.00 annualized dividend and a dividend yield of 5.4%. Clorox’s payout ratio is currently 103.73%.

Analysts Set New Price Targets

CLX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Clorox from $92.00 to $95.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Clorox in a research report on Friday, July 10th. UBS Group lifted their target price on shares of Clorox from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Citigroup boosted their target price on shares of Clorox from $97.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft set a $98.00 price target on shares of Clorox in a research note on Tuesday, August 4th. Twelve investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company 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.