Nuance Investments LLC Makes New Investment in The Clorox Company $CLX

Nuance Investments LLC bought a new position in shares of The Clorox Company (NYSE:CLX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 528,738 shares of the company’s stock, valued at approximately $50,463,000. Clorox accounts for approximately 8.6% of Nuance Investments LLC’s portfolio, making the stock its 3rd biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Darwin Wealth Management LLC purchased a new position in Clorox during the 2nd quarter worth $29,000. Caitlin John LLC grew its position in shares of Clorox by 1,807.1% during the 4th quarter. Caitlin John LLC now owns 267 shares of the company’s stock worth $27,000 after buying an additional 253 shares in the last quarter. Avalon Trust Co bought a new position in shares of Clorox during the 2nd quarter worth $29,000. Root Financial Partners LLC increased its stake in shares of Clorox by 83.8% during the first quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock valued at $33,000 after buying an additional 145 shares during the period. Finally, Western Wealth Management LLC bought a new stake in shares of Clorox in the first quarter valued at about $35,000. Institutional investors own 78.53% of the company’s stock.

Clorox Trading Up 0.3%

NYSE:CLX opened at $106.01 on Tuesday. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 3.15 and a beta of 0.54. The Clorox Company has a 52 week low of $84.70 and a 52 week high of $128.90. The company has a quick ratio of 0.38, a current ratio of 0.66 and a debt-to-equity ratio of 15.80. The firm has a 50 day moving average of $98.30 and a 200 day moving average of $103.19.

Clorox (NYSE:CLX) last released its quarterly earnings results 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 analyst estimates of $1.91 billion. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, sell-side analysts anticipate that The Clorox Company will post 5.82 earnings per share for the current fiscal year.

Clorox Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Wednesday, August 12th will be paid a dividend of $1.25 per share. This is a positive change from Clorox’s previous quarterly dividend of $1.24. The ex-dividend date is Wednesday, August 12th. This represents a $5.00 annualized dividend and a yield of 4.7%. Clorox’s dividend payout ratio (DPR) is presently 103.73%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $98.00 target price on shares of Clorox in a report on Tuesday, August 4th. Zacks Research lowered shares of Clorox from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Wells Fargo & Company increased their price objective on shares of Clorox from $95.00 to $102.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 4th. Jefferies Financial Group lowered shares of Clorox from a “buy” rating to a “hold” rating and cut their price objective for the company from $125.00 to $98.00 in a report on Tuesday, July 28th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $83.00 price objective on shares of Clorox in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Clorox has a consensus rating of “Reduce” and an average price target of $102.40.

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.