Danske Bank A S Buys New Holdings in The Clorox Company $CLX

Danske Bank A S purchased a new position in shares of The Clorox Company (NYSE:CLX) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 45,179 shares of the company’s stock, valued at approximately $4,312,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Caitlin John LLC increased its stake in Clorox by 1,807.1% in the 4th quarter. Caitlin John LLC now owns 267 shares of the company’s stock valued at $27,000 after buying an additional 253 shares during the last quarter. Avalon Trust Co bought a new stake in Clorox in the second quarter worth about $29,000. Darwin Wealth Management LLC purchased a new position in Clorox in the second quarter valued at about $29,000. Root Financial Partners LLC boosted its stake in Clorox by 83.8% in the first quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock valued at $33,000 after acquiring an additional 145 shares during the last quarter. Finally, SHP Wealth Management purchased a new stake in Clorox during the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Clorox Price Performance

Shares of Clorox stock opened at $107.00 on Friday. The firm has a market cap of $12.94 billion, a PE ratio of 22.20, a P/E/G ratio of 3.32 and a beta of 0.54. The business has a 50-day moving average price of $98.97 and a 200 day moving average price of $103.14. 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 Clorox Company has a twelve month low of $84.70 and a twelve month high of $128.90.

Clorox (NYSE:CLX) last issued its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.02. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Sell-side analysts predict 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. Shareholders of record on Wednesday, August 12th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $5.00 annualized dividend and a yield of 4.7%. This is an increase from Clorox’s previous quarterly dividend of $1.24. Clorox’s dividend payout ratio is presently 103.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CLX shares. BNP Paribas Exane decreased their target price on Clorox from $97.00 to $95.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. JPMorgan Chase & Co. lifted their target price on shares of Clorox from $92.00 to $95.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 4th. Wells Fargo & Company boosted their price objective on shares of Clorox from $95.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Citigroup raised their price target on shares of Clorox from $97.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Finally, Zacks Research lowered shares of Clorox from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Twelve equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $102.40.

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.