National Pension Service Has $3.04 Million Stake in The Clorox Company $CLX

National Pension Service grew its stake in shares of The Clorox Company (NYSE:CLX) by 29.7% in the second quarter, Holdings Channel reports. The institutional investor owned 31,827 shares of the company’s stock after purchasing an additional 7,291 shares during the period. National Pension Service’s holdings in Clorox were worth $3,038,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CLX. Haverford Trust Co raised its holdings in Clorox by 2.8% in the 4th quarter. Haverford Trust Co now owns 3,070 shares of the company’s stock valued at $310,000 after acquiring an additional 84 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Clorox by 28.2% during the 4th quarter. Golden State Wealth Management LLC now owns 454 shares of the company’s stock worth $46,000 after purchasing an additional 100 shares in the last quarter. Kestra Private Wealth Services LLC increased its position in shares of Clorox by 1.8% during the first quarter. Kestra Private Wealth Services LLC now owns 5,957 shares of the company’s stock valued at $617,000 after purchasing an additional 104 shares during the period. Johnson Financial Group Inc. increased its position in shares of Clorox by 3.1% during the third quarter. Johnson Financial Group Inc. now owns 3,659 shares of the company’s stock valued at $451,000 after purchasing an additional 109 shares during the period. Finally, State of Wyoming raised its stake in shares of Clorox by 4.7% in the second quarter. State of Wyoming now owns 2,540 shares of the company’s stock valued at $305,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 78.53% of the company’s stock.

Clorox Stock Performance

NYSE CLX opened at $87.78 on Monday. The firm has a market cap of $10.61 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 2.75 and a beta of 0.56. The company has a 50 day moving average of $99.25 and a 200-day moving average of $100.37. The company has a current ratio of 0.66, a quick ratio of 0.38 and a debt-to-equity ratio of 15.80. The Clorox Company has a 1-year low of $84.70 and a 1-year high of $128.90.

Clorox (NYSE:CLX) last announced its earnings results on Monday, August 3rd. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.64 by $0.02. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the business earned $2.87 EPS. Clorox’s revenue was down 2.0% compared to the same quarter last year. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, equities analysts forecast that The Clorox Company will post 5.8 earnings per share for the current fiscal year.

Clorox Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Wednesday, August 12th were issued a $1.25 dividend. This is a positive change from Clorox’s previous quarterly dividend of $1.24. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Wednesday, August 12th. Clorox’s dividend payout ratio (DPR) is presently 103.73%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CLX shares. BNP Paribas Exane decreased their price target on shares of Clorox from $97.00 to $95.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. Wall Street Zen cut shares of Clorox from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Barclays reaffirmed an “underweight” rating and set a $84.00 price objective on shares of Clorox in a report on Tuesday, August 4th. Citigroup lowered their target price on shares of Clorox from $100.00 to $97.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft set a $98.00 price target on shares of Clorox in a research report on Tuesday, August 4th. Twelve equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, Clorox currently has an average rating of “Reduce” and an average target price of $101.40.

Clorox Profile

The Clorox Company (NYSE: CLX) is a consumer products company that develops, manufactures and markets household, health and wellness, and lifestyle products. Its portfolio includes cleaning and disinfecting products, laundry and home-care items, food products, personal-care products, water-filtration systems, charcoal, and cat litter.

Clorox’s brands include Clorox bleach and disinfecting products, Pine-Sol, Fresh Step and Scoop Away, Kingsford, Brita, Burt’s Bees, Hidden Valley, and products marketed under the Glad name.