The Clorox Company $CLX Shares Acquired by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI boosted its position in The Clorox Company (NYSE:CLX) by 209.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,606 shares of the company’s stock after purchasing an additional 6,505 shares during the period. LVM Capital Management Ltd. MI’s holdings in Clorox were worth $917,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Caitlin John LLC grew its holdings in Clorox by 1,807.1% in the fourth quarter. Caitlin John LLC now owns 267 shares of the company’s stock valued at $27,000 after purchasing an additional 253 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Clorox during the 2nd quarter worth $29,000. Root Financial Partners LLC boosted its position in shares of Clorox by 83.8% in 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 in the last quarter. SHP Wealth Management purchased a new stake in shares of Clorox in the 4th quarter worth about $35,000. Finally, Western Wealth Management LLC acquired a new stake in Clorox in the 1st quarter valued at about $35,000. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CLX has been the subject of a number of research reports. Zacks Research cut shares of Clorox from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Barclays reissued an “underweight” rating and set a $84.00 price objective on shares of Clorox in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on Clorox in a research report on Tuesday, August 4th. Wells Fargo & Company increased their target price on Clorox from $95.00 to $102.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. raised their price target on Clorox from $92.00 to $95.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 4th. Twelve analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Clorox presently has a consensus rating of “Reduce” and an average price target of $102.40.

Clorox Trading Up 2.5%

Shares of CLX opened at $107.74 on Tuesday. 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 market capitalization of $13.03 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 3.13 and a beta of 0.54. The stock has a fifty day moving average of $96.78 and a two-hundred day moving average of $103.40. 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 posted its quarterly earnings data on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, topping 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 return on equity of 522.23% and a net margin of 8.74%.The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, analysts forecast that The Clorox Company will post 5.82 EPS for the current year.

Clorox Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Wednesday, August 12th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, August 12th. This is a positive change from Clorox’s previous quarterly dividend of $1.24. Clorox’s dividend payout ratio is 102.90%.

About Clorox

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.