iA Global Asset Management Inc. Acquires Shares of 22,453 The Clorox Company $CLX

iA Global Asset Management Inc. acquired a new position in shares of The Clorox Company (NYSE:CLX) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 22,453 shares of the company’s stock, valued at approximately $2,327,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CLX. MQS Management LLC purchased a new stake in Clorox in the first quarter valued at approximately $253,000. Premier Path Wealth Partners LLC acquired a new position in shares of Clorox in the 1st quarter valued at $549,000. 626 Financial LLC acquired a new position in shares of Clorox in the 1st quarter valued at $208,000. Brown Miller Wealth Management LLC purchased a new stake in Clorox in the 1st quarter valued at $334,000. Finally, Intrua Financial LLC purchased a new stake in Clorox in the 1st quarter valued at $227,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Insider Transactions at Clorox

In other Clorox news, Director Pierre R. Breber bought 5,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was acquired at an average cost of $85.82 per share, with a total value of $429,100.00. Following the purchase, the director owned 18,000 shares in the company, valued at approximately $1,544,760. This represents a 38.46% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.

Clorox Stock Up 0.8%

Shares of Clorox stock opened at $97.15 on Friday. The company has a market cap of $11.75 billion, a P/E ratio of 15.77, a PEG ratio of 0.45 and a beta of 0.54. The firm has a fifty day moving average of $94.21 and a two-hundred day moving average of $104.28. The company has a debt-to-equity ratio of 27.03, a quick ratio of 0.65 and a current ratio of 0.84. The Clorox Company has a one year low of $84.70 and a one year high of $132.03.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.09. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. Clorox had a net margin of 11.18% and a return on equity of 443.64%. The business’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.45 earnings per share. Clorox has set its FY 2026 guidance at 5.450-5.650 EPS. On average, analysts forecast that The Clorox Company will post 5.61 earnings per share for the current year.

Analysts Set New Price Targets

CLX has been the topic of several research reports. Zacks Research downgraded shares of Clorox from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Royal Bank Of Canada decreased their target price on shares of Clorox from $132.00 to $127.00 and set a “sector perform” rating for the company in a research note on Thursday, April 9th. Evercore restated an “underperform” rating and issued a $110.00 price target on shares of Clorox in a research report on Friday, May 1st. Citigroup reduced their price objective on Clorox from $110.00 to $97.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Finally, UBS Group decreased their price objective on Clorox from $110.00 to $96.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. One research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $103.40.

Clorox Company 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.