Sanctuary Advisors LLC Takes $2.33 Million Position in The Clorox Company $CLX

Sanctuary Advisors LLC bought a new stake in The Clorox Company (NYSE:CLX) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 24,401 shares of the company’s stock, valued at approximately $2,329,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CLX. Wilkins Investment Counsel Inc. lifted its stake in shares of Clorox by 250.6% in the 4th quarter. Wilkins Investment Counsel Inc. now owns 55,064 shares of the company’s stock valued at $5,552,000 after purchasing an additional 39,360 shares during the last quarter. Morningstar Investment Management LLC lifted its holdings in shares of Clorox by 131.8% in the 4th quarter. Morningstar Investment Management LLC now owns 62,454 shares of the company’s stock worth $6,297,000 after acquiring an additional 35,506 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Clorox by 6.1% during the 1st quarter. Bank of America Corp DE now owns 1,405,774 shares of the company’s stock worth $145,680,000 after purchasing an additional 80,618 shares during the period. National Pension Service boosted its position in shares of Clorox by 68.9% during the 4th quarter. National Pension Service now owns 27,537 shares of the company’s stock worth $2,777,000 after purchasing an additional 11,233 shares during the period. Finally, Ilmarinen Mutual Pension Insurance Co acquired a new stake in Clorox in the 4th quarter valued at approximately $1,966,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Jefferies Financial Group lowered Clorox from a “buy” rating to a “hold” rating and cut their target price for the company from $125.00 to $98.00 in a research report on Tuesday, July 28th. Zacks Research lowered Clorox from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Citigroup lifted their price objective on Clorox from $97.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Morgan Stanley cut their price objective on Clorox from $110.00 to $97.00 and set an “equal weight” rating on the stock in a report on Friday, May 1st. Finally, Evercore set a $99.00 target price on 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 company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $102.40.

Clorox Stock Performance

NYSE:CLX opened at $105.08 on Wednesday. The firm has a market capitalization of $12.71 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 3.35 and a beta of 0.54. The business’s fifty day moving average price is $99.35 and its 200 day moving average price is $102.92. 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 Clorox Company has a 12 month low of $84.70 and a 12 month high of $128.90.

Clorox (NYSE:CLX) last released its quarterly earnings data on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the company earned $2.87 earnings per share. The firm’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. On average, sell-side analysts anticipate that The Clorox Company will post 5.8 earnings per share for the current fiscal year.

Clorox Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Wednesday, August 12th will be given a $1.25 dividend. This is a positive change from Clorox’s previous quarterly dividend of $1.24. The ex-dividend date is Wednesday, August 12th. This represents a $5.00 dividend on an annualized basis and a yield of 4.8%. Clorox’s payout ratio is 103.73%.

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.