Van ECK Associates Corp Has $283.74 Million Stock Position in The Clorox Company $CLX

Van ECK Associates Corp decreased its position in The Clorox Company (NYSE:CLX) by 7.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,972,952 shares of the company’s stock after selling 245,427 shares during the quarter. Van ECK Associates Corp owned about 2.46% of Clorox worth $283,739,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. acquired a new position in Clorox in the 2nd quarter valued at $678,000. Nissay Asset Management Corp Japan lifted its holdings in shares of Clorox by 2.6% during the second quarter. Nissay Asset Management Corp Japan now owns 16,047 shares of the company’s stock worth $1,532,000 after buying an additional 406 shares in the last quarter. Chapin Davis Inc. acquired a new stake in shares of Clorox during the second quarter worth $374,000. Navellier & Associates Inc. boosted its position in shares of Clorox by 37.1% in the second quarter. Navellier & Associates Inc. now owns 6,055 shares of the company’s stock valued at $578,000 after acquiring an additional 1,639 shares during the period. Finally, Field & Main Bank acquired a new position in shares of Clorox in the second quarter valued at about $296,000. 78.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CLX has been the subject of several analyst reports. Zacks Research cut shares of Clorox from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $83.00 target price on shares of Clorox in a report on Friday, May 1st. BNP Paribas Exane cut their price target on Clorox from $97.00 to $95.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Clorox in a research note on Friday, July 10th. Finally, Citigroup lifted their price objective on 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $102.40.

Clorox Stock Down 1.0%

NYSE CLX opened at $102.57 on Friday. The business has a fifty day moving average price of $99.83 and a two-hundred day moving average price of $102.72. The stock has a market capitalization of $12.40 billion, a PE ratio of 21.28, a PEG ratio of 3.24 and a beta of 0.54. The Clorox Company has a fifty-two week low of $84.70 and a fifty-two week 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.

Clorox (NYSE:CLX) last posted its quarterly earnings results on Monday, August 3rd. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates 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%.Clorox’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Equities analysts expect that The Clorox Company will post 5.8 earnings per share for the current fiscal year.

Clorox Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Wednesday, August 12th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 4.9%. This is a boost from Clorox’s previous quarterly dividend of $1.24. The ex-dividend date was Wednesday, August 12th. Clorox’s dividend payout ratio (DPR) is currently 103.73%.

Clorox 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.