Live Oak Private Wealth LLC Takes $6.26 Million Position in The Clorox Company $CLX

Live Oak Private Wealth LLC acquired a new position in shares of The Clorox Company (NYSE:CLX) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 65,586 shares of the company’s stock, valued at approximately $6,260,000.

A number of 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 in the second quarter valued at $29,000. Caitlin John LLC lifted its holdings in 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 during the last quarter. Ancora Advisors LLC acquired a new position in shares of Clorox during the 2nd quarter worth about $28,000. Avalon Trust Co acquired a new position in shares of Clorox during the 2nd quarter worth about $29,000. Finally, Root Financial Partners LLC increased its holdings in shares of Clorox by 83.8% in the 1st quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock valued at $33,000 after acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

Clorox Stock Down 2.8%

CLX stock opened at $94.99 on Wednesday. The company has a fifty day moving average price of $100.03 and a 200 day moving average price of $102.22. The Clorox Company has a 12 month low of $84.70 and a 12 month high of $128.90. The company has a market cap of $11.49 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56. 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 issued 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 company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.91 billion. Clorox had a net margin of 8.74% and a return on equity of 522.23%. Clorox’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm posted $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 5.8 earnings per share for the current year.

Clorox Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Wednesday, August 12th were issued a dividend of $1.25 per share. This is an increase from Clorox’s previous quarterly dividend of $1.24. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Wednesday, August 12th. Clorox’s dividend payout ratio is 103.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CLX shares. Wells Fargo & Company raised their target price on Clorox from $95.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. UBS Group increased their price target on shares of Clorox from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. increased their price target on shares of Clorox from $92.00 to $95.00 and gave the company an “underweight” rating in a research note on Tuesday, August 4th. Barclays restated an “underweight” rating and set a $84.00 price objective on shares of Clorox in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group cut shares of Clorox from a “buy” rating to a “hold” rating and lowered their target price for the company from $125.00 to $98.00 in a report on Tuesday, July 28th. Twelve equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $102.40.

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.