EFG International AG Makes New Investment in The Clorox Company $CLX

EFG International AG purchased a new stake in The Clorox Company (NYSE:CLX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,070 shares of the company’s stock, valued at approximately $1,629,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CLX. Caitlin John LLC grew its stake in shares of Clorox by 1,807.1% during the fourth quarter. Caitlin John LLC now owns 267 shares of the company’s stock worth $27,000 after purchasing an additional 253 shares during the period. Ancora Advisors LLC acquired a new position in Clorox in the second quarter valued at about $28,000. Avalon Trust Co acquired a new position in Clorox in the second quarter valued at about $29,000. Darwin Wealth Management LLC bought a new position in Clorox during the second quarter worth about $29,000. Finally, Root Financial Partners LLC grew its position in shares of Clorox by 83.8% during the 1st quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock worth $33,000 after buying an additional 145 shares during the period. 78.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays reaffirmed an “underweight” rating and issued a $84.00 price target on shares of Clorox in a research note on Tuesday, August 4th. Zacks Research cut shares of Clorox from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $83.00 target price on shares of Clorox in a research note on Friday, May 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Clorox in a research report on Friday, July 10th. Finally, Citigroup boosted their price target on shares of Clorox from $97.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Twelve equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $102.40.

Clorox Stock Down 0.6%

Shares of CLX stock opened at $104.33 on Thursday. The Clorox Company has a 12-month low of $84.70 and a 12-month high of $128.90. 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 firm has a fifty day moving average of $99.54 and a 200-day moving average of $102.83. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 21.65, a P/E/G ratio of 3.28 and a beta of 0.54.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Monday, August 3rd. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.64 by $0.02. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, equities research 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 declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Wednesday, August 12th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.8%. This is a positive change from Clorox’s previous quarterly dividend of $1.24. The ex-dividend date is Wednesday, August 12th. Clorox’s dividend payout ratio is presently 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.