The Clorox Company $CLX Stock Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its stake in shares of The Clorox Company (NYSE:CLX) by 51,236.1% in the third quarter, Holdings Channel.com reports. The fund owned 243,333 shares of the company’s stock after acquiring an additional 242,859 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Clorox were worth $19,712,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Clorox in the second quarter valued at approximately $958,640,000. Bank of America Corp DE acquired a new stake in Clorox during the 2nd quarter valued at approximately $179,780,000. Royal Bank of Canada increased its position in Clorox by 20.1% during the 1st quarter. Royal Bank of Canada now owns 1,418,204 shares of the company’s stock valued at $146,969,000 after purchasing an additional 237,301 shares during the period. Bank of New York Mellon Corp raised its holdings in Clorox by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 1,280,226 shares of the company’s stock worth $132,670,000 after purchasing an additional 29,181 shares during the last quarter. Finally, Confluence Investment Management LLC raised its holdings in Clorox by 33.8% during the 2nd quarter. Confluence Investment Management LLC now owns 1,247,644 shares of the company’s stock worth $119,075,000 after purchasing an additional 315,069 shares during the last quarter. 78.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CLX. TD Cowen dropped their price target on shares of Clorox from $85.00 to $80.00 and set a “hold” rating on the stock in a research report on Tuesday. Wall Street Zen lowered shares of Clorox from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. BNP Paribas Exane decreased their price objective on shares of Clorox from $97.00 to $95.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. UBS Group set a $91.00 price objective on shares of Clorox in a research report on Thursday. Finally, Morgan Stanley lowered their target price on shares of Clorox from $97.00 to $87.00 and set an “equal weight” rating for the company in a research note on Thursday. Twelve research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $94.64.

Clorox Stock Up 0.8%

Shares of Clorox stock opened at $86.91 on Friday. The Clorox Company has a one year low of $79.12 and a one year high of $128.90. 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 stock’s 50-day moving average is $92.27 and its 200 day moving average is $95.29. The firm has a market cap of $10.51 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 2.75 and a beta of 0.59.

Clorox (NYSE:CLX) last released 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. The business 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 revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Equities research analysts anticipate that The Clorox Company will post 5.74 EPS for the current year.

Clorox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Wednesday, October 28th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Wednesday, October 28th. Clorox’s dividend payout ratio is presently 103.73%.

About Clorox

The Clorox Company is a consumer and professional products company that develops, manufactures and markets household cleaning, disinfecting, wellness and personal care products. Its portfolio includes the Clorox bleach and cleaning brands, as well as products sold under brands such as Pine-Sol, Liquid-Plumr, Fresh Step, Scoop Away, Kingsford, Hidden Valley, Burt’s Bees and Brita.

Clorox also offers trash bags, food products, water-filtration systems, charcoal and grilling products, cat litter, and professional cleaning and disinfecting solutions.