Principle Wealth Partners LLC Acquires New Holdings in The Clorox Company $CLX

Principle Wealth Partners LLC bought a new position in shares of The Clorox Company (NYSE:CLX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,829 shares of the company’s stock, valued at approximately $461,000.

A number of other institutional investors have also recently bought and sold shares of CLX. State Street Corp increased its position in shares of Clorox by 3.5% during the third quarter. State Street Corp now owns 8,434,277 shares of the company’s stock worth $1,039,946,000 after acquiring an additional 282,794 shares in the last quarter. Invesco Ltd. lifted its position in Clorox by 22.1% in the 4th quarter. Invesco Ltd. now owns 4,880,341 shares of the company’s stock valued at $492,085,000 after acquiring an additional 884,751 shares in the last quarter. Geode Capital Management LLC boosted its stake in Clorox by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 3,172,233 shares of the company’s stock worth $318,613,000 after purchasing an additional 10,060 shares during the period. Van ECK Associates Corp boosted its stake in Clorox by 15.7% in the 4th quarter. Van ECK Associates Corp now owns 3,136,405 shares of the company’s stock worth $316,244,000 after purchasing an additional 426,433 shares during the period. Finally, Two Sigma Investments LP increased its holdings in Clorox by 33.8% during the 3rd quarter. Two Sigma Investments LP now owns 1,740,175 shares of the company’s stock worth $214,564,000 after purchasing an additional 439,797 shares in the last quarter. Institutional investors own 78.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on CLX shares. JPMorgan Chase & Co. lifted their price target on Clorox from $92.00 to $95.00 and gave the company an “underweight” rating in a research note on Tuesday, August 4th. Wells Fargo & Company upped their price objective on Clorox from $95.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Barclays reissued an “underweight” rating and issued a $84.00 target price on shares of Clorox in a research report on Tuesday, August 4th. The Goldman Sachs Group restated a “sell” rating and issued a $83.00 target price on shares of Clorox in a research note on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Clorox in a research report on Friday, July 10th. Twelve equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, Clorox presently has an average rating of “Reduce” and an average price target of $102.40.

Clorox Trading Up 0.3%

Shares of NYSE:CLX opened at $106.01 on Tuesday. The company’s 50-day moving average price is $98.30 and its two-hundred day moving average price is $103.19. The Clorox Company has a one year low of $84.70 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 has a market capitalization of $12.82 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 3.15 and a beta of 0.54.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate 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 for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, equities analysts forecast that The Clorox Company will post 5.82 EPS for the current fiscal year.

Clorox Increases Dividend

The business 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 is a positive change from Clorox’s previous quarterly dividend of $1.24. This represents a $5.00 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Wednesday, August 12th. Clorox’s dividend payout ratio is 103.73%.

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.