Impax Asset Management Group plc Invests $1.29 Million in The Clorox Company $CLX

Impax Asset Management Group plc acquired a new stake in shares of The Clorox Company (NYSE:CLX) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,704 shares of the company’s stock, valued at approximately $1,285,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. American National Bank & Trust boosted its holdings in Clorox by 69.5% in the second quarter. American National Bank & Trust now owns 217 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares during the last quarter. NewSquare Capital LLC lifted its holdings in shares of Clorox by 567.6% in the 2nd quarter. NewSquare Capital LLC now owns 227 shares of the company’s stock valued at $27,000 after buying an additional 193 shares during the period. Ransom Advisory Ltd purchased a new stake in shares of Clorox in the first quarter worth about $35,000. Hantz Financial Services Inc. purchased a new stake in shares of Clorox in the second quarter worth about $31,000. Finally, GW&K Investment Management LLC grew its holdings in Clorox by 239.1% during the first quarter. GW&K Investment Management LLC now owns 295 shares of the company’s stock worth $43,000 after acquiring an additional 208 shares during the period. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CLX shares. JPMorgan Chase & Co. decreased their price target on Clorox from $127.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, November 4th. Rothschild & Co Redburn decreased their target price on shares of Clorox from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Jefferies Financial Group reissued a “buy” rating and set a $152.00 price target on shares of Clorox in a report on Tuesday, November 4th. TD Cowen dropped their price target on shares of Clorox from $120.00 to $117.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Clorox in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Clorox presently has an average rating of “Reduce” and an average target price of $125.69.

Clorox Stock Performance

Shares of NYSE:CLX opened at $104.20 on Friday. The company has a debt-to-equity ratio of 5.15, a current ratio of 0.84 and a quick ratio of 0.57. The business’s 50 day moving average price is $118.14 and its 200-day moving average price is $123.98. The firm has a market capitalization of $12.71 billion, a PE ratio of 15.98, a P/E/G ratio of 0.92 and a beta of 0.52. The Clorox Company has a 1 year low of $104.08 and a 1 year high of $171.37.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.78 by $0.07. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. Clorox had a return on equity of 377.86% and a net margin of 11.40%.The firm’s revenue was down 18.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.86 EPS. Clorox has set its FY 2026 guidance at 5.950-6.300 EPS. As a group, equities research analysts expect that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Wednesday, October 22nd were given a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Wednesday, October 22nd. Clorox’s dividend payout ratio is 77.86%.

Insider Buying and Selling at Clorox

In related news, COO Eric H. Reynolds sold 15,041 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $123.78, for a total transaction of $1,861,774.98. Following the transaction, the chief operating officer directly owned 54,221 shares in the company, valued at approximately $6,711,475.38. The trade was a 21.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.63% of the company’s stock.

Clorox Company Profile

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.