Kerusso Capital Management LLC Has $2.45 Million Stake in The Clorox Company $CLX

Kerusso Capital Management LLC increased its holdings in shares of The Clorox Company (NYSE:CLX) by 31.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,249 shares of the company’s stock after purchasing an additional 5,800 shares during the quarter. Kerusso Capital Management LLC’s holdings in Clorox were worth $2,445,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Center for Financial Planning Inc. acquired a new position in Clorox during the third quarter worth $25,000. Vermillion & White Wealth Management Group LLC acquired a new position in Clorox during the third quarter worth $25,000. True Wealth Design LLC boosted its holdings in Clorox by 1,020.0% during the third quarter. True Wealth Design LLC now owns 224 shares of the company’s stock worth $28,000 after purchasing an additional 204 shares during the last quarter. Root Financial Partners LLC acquired a new position in Clorox during the third quarter worth $29,000. Finally, Darwin Wealth Management LLC acquired a new position in Clorox during the second quarter worth $29,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley cut their price target on shares of Clorox from $136.00 to $110.00 and set an “equal weight” rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Clorox from $101.00 to $100.00 and set a “hold” rating for the company in a research note on Monday. The Goldman Sachs Group cut their price target on shares of Clorox from $110.00 to $94.00 and set a “sell” rating for the company in a research note on Wednesday, January 7th. Barclays cut their price target on shares of Clorox from $109.00 to $102.00 and set an “underweight” rating for the company in a research note on Tuesday, April 14th. Finally, Rothschild & Co Redburn set a $117.00 price target on shares of Clorox in a research note on Friday, February 13th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $111.33.

Clorox Stock Performance

Shares of CLX stock opened at $97.70 on Friday. The company has a fifty day moving average price of $110.94 and a two-hundred day moving average price of $109.62. The company has a debt-to-equity ratio of 71.03, a current ratio of 0.74 and a quick ratio of 0.48. The stock has a market cap of $11.81 billion, a P/E ratio of 15.96, a P/E/G ratio of 0.48 and a beta of 0.65. The Clorox Company has a one year low of $96.58 and a one year high of $143.96.

Clorox (NYSE:CLX) last posted its earnings results on Tuesday, February 3rd. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.04). The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.64 billion. Clorox had a return on equity of 383.01% and a net margin of 11.17%.The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.55 EPS. As a group, equities analysts predict that The Clorox Company will post 5.88 EPS for the current year.

Clorox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Wednesday, April 22nd will be issued a $1.24 dividend. This represents a $4.96 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, April 22nd. Clorox’s dividend payout ratio is currently 81.05%.

Clorox News Roundup

Here are the key news stories impacting Clorox this week:

• Positive Sentiment: IGNITE transformation and cost?savings initiatives could blunt margin pressure and support recovery if execution holds. Read More.
• Neutral Sentiment: Analysts still expect year?over?year EPS growth for the fiscal year, but previews say CLX lacks the setup for a likely earnings beat — growth is expected, but upside surprise looks limited. Read More.
• Negative Sentiment: Previews flag rising costs, soft demand and margin pressure heading into Q3, increasing the risk of an earnings miss that could weigh on the stock. Read More.
• Negative Sentiment: Morgan Stanley cut its price target to $110 and moved to an “equal weight” view, signaling reduced confidence in near?term upside. Read More.
• Negative Sentiment: Deutsche Bank lowered its price target to $100, adding to downward pressure from broker revisions. Read More.
• Negative Sentiment: Jefferies trimmed its target to $139, and the aggregate analyst consensus has moved toward a “Reduce” stance — a concerning sign that sentiment is deteriorating among brokers. Read More. Read More.

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.