The Clorox Company $CLX Stock: Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stake

by · The Markets Daily

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in The Clorox Company (NYSE:CLX – Free Report) by 18.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 35,560 shares of the company’s stock after buying an additional 5,659 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Clorox were worth $2,881,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CLX. BlackRock Inc. acquired a new stake in Clorox during the second quarter worth about $958,640,000. Bank of America Corp DE bought a new position in Clorox in the second quarter worth about $179,780,000. Royal Bank of Canada lifted its holdings in Clorox by 20.1% in the first quarter. Royal Bank of Canada now owns 1,418,204 shares of the company’s stock worth $146,969,000 after acquiring an additional 237,301 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Clorox in the second quarter worth about $123,154,000. Finally, Confluence Investment Management LLC boosted its stake in Clorox by 33.8% in the second quarter. Confluence Investment Management LLC now owns 1,247,644 shares of the company’s stock valued at $119,075,000 after acquiring an additional 315,069 shares during the period. Institutional investors own 78.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on Clorox from $95.00 to $83.00 and set an “underweight” rating for the company in a report on Monday. Evercore set a $99.00 price target on Clorox in a research report on Tuesday, August 4th. Zacks Research raised Clorox from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. TD Cowen reduced their price objective on Clorox from $85.00 to $80.00 and set a “hold” rating for the company in a research report on Tuesday, October 13th. Finally, UBS Group set a $91.00 price objective on Clorox in a research report on Thursday, October 15th. Twelve research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $93.57.

Get Our Latest Research Report on Clorox

Clorox Trading Up 4.5%

Clorox stock opened at $88.56 on Friday. 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 price of $90.63 and a two-hundred day moving average price of $94.79. The firm has a market capitalization of $10.71 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.82 and a beta of 0.59. The Clorox Company has a 52-week low of $79.12 and a 52-week high of $128.90.

Clorox (NYSE:CLX – Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.64 by $0.02. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the prior year, the firm earned $2.87 EPS. Clorox’s quarterly revenue was down 2.0% on a year-over-year basis. 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 earnings per share for the current year.

Clorox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Wednesday, October 28th will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, October 28th. This represents a $5.00 annualized dividend and a dividend yield of 5.6%. Clorox’s payout ratio is currently 103.73%.

Clorox Company Profile

(Free Report)

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.

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