The Clorox Company $CLX Stock Sold by Demars Financial Group LLC

Demars Financial Group LLC decreased its position in The Clorox Company (NYSE:CLX) by 59.6% in the third quarter, Holdings Channel.com reports. The firm owned 5,091 shares of the company’s stock after selling 7,499 shares during the quarter. Demars Financial Group LLC’s holdings in Clorox were worth $412,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Studio Investment Management LLC boosted its holdings in shares of Clorox by 2.2% during the 3rd quarter. Studio Investment Management LLC now owns 8,081 shares of the company’s stock valued at $655,000 after buying an additional 171 shares in the last quarter. SeaCrest Wealth Management LLC increased its stake in shares of Clorox by 42.4% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 10,393 shares of the company’s stock worth $920,000 after acquiring an additional 3,095 shares in the last quarter. NBT Bank N.A. purchased a new position in Clorox during the 3rd quarter valued at about $313,000. SBI Securities Co. Ltd. lifted its position in Clorox by 142.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,238 shares of the company’s stock valued at $186,000 after acquiring an additional 1,315 shares during the period. Finally, Pinnacle Bancorp Inc. boosted its stake in Clorox by 83.2% during the third quarter. Pinnacle Bancorp Inc. now owns 513 shares of the company’s stock worth $42,000 after acquiring an additional 233 shares in the last quarter. Institutional investors own 78.53% of the company’s stock.

Clorox Stock Performance

Shares of CLX stock opened at $88.56 on Friday. The Clorox Company has a one year low of $79.12 and a one year high of $128.90. The company’s 50-day moving average is $90.63 and its 200 day moving average is $94.79. The company has a market capitalization of $10.71 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 2.82 and a beta of 0.59. The company has a debt-to-equity ratio of 15.80, a quick ratio of 0.38 and a current ratio of 0.66.

Clorox (NYSE:CLX) last released its quarterly earnings data on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.91 billion. Clorox had a net margin of 8.74% and a return on equity of 522.23%. Clorox’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business earned $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Sell-side analysts expect that The Clorox Company will post 5.70 EPS for the current fiscal year.

Clorox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Wednesday, October 28th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Wednesday, October 28th. Clorox’s payout ratio is 103.73%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $95.00 price objective on shares of Clorox in a report on Monday. BNP Paribas Exane lowered their target price on shares of Clorox from $97.00 to $95.00 and set a “neutral” rating for the company in a report on Monday, July 20th. 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 report on Thursday, October 15th. JPMorgan Chase & Co. dropped their price target on Clorox from $95.00 to $83.00 and set an “underweight” rating on the stock in a research report on Monday. Finally, Zacks Research upgraded Clorox from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Twelve research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $93.57.

Clorox Company Profile

The Clorox Company, founded in 1913 and headquartered in Oakland, California, is a consumer and professional products company. It began with household bleach and has expanded into a portfolio of brands serving cleaning, household, personal care, food, and professional markets.

Its brands include Clorox disinfecting and cleaning products, Pine-Sol cleaners, Liquid-Plumr drain care, Kingsford charcoal, Fresh Step and Scoop Away cat litter, Hidden Valley dressings and dips, Brita water filtration products, and Burt’s Bees personal care items.