20,326 Shares in The Clorox Company $CLX Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. bought a new position in shares of The Clorox Company (NYSE:CLX) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,326 shares of the company’s stock, valued at approximately $1,973,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CLX. Wilkins Investment Counsel Inc. boosted its holdings in Clorox by 250.6% during the fourth quarter. Wilkins Investment Counsel Inc. now owns 55,064 shares of the company’s stock valued at $5,552,000 after acquiring an additional 39,360 shares during the period. Morningstar Investment Management LLC grew its position in shares of Clorox by 131.8% in the fourth quarter. Morningstar Investment Management LLC now owns 62,454 shares of the company’s stock valued at $6,297,000 after purchasing an additional 35,506 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Clorox by 6.1% in the first quarter. Bank of America Corp DE now owns 1,405,774 shares of the company’s stock worth $145,680,000 after purchasing an additional 80,618 shares during the period. National Pension Service increased its stake in shares of Clorox by 68.9% in the fourth quarter. National Pension Service now owns 27,537 shares of the company’s stock worth $2,777,000 after purchasing an additional 11,233 shares during the period. Finally, Ilmarinen Mutual Pension Insurance Co acquired a new position in shares of Clorox during the 4th quarter worth about $1,966,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Clorox Stock Up 0.0%

NYSE CLX opened at $102.57 on Monday. The Clorox Company has a twelve month low of $84.70 and a twelve month high of $128.90. The stock has a market cap of $12.40 billion, a PE ratio of 21.28, a PEG ratio of 3.21 and a beta of 0.54. The firm has a 50-day simple moving average of $99.83 and a 200 day simple moving average of $102.60. 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 issued its quarterly earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.02. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.91 billion. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, research analysts forecast that The Clorox Company will post 5.8 EPS for the current year.

Clorox Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Wednesday, August 12th were paid a $1.25 dividend. The ex-dividend date was Wednesday, August 12th. 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 dividend yield of 4.9%. Clorox’s dividend payout ratio is currently 103.73%.

Analysts Set New Price Targets

A number of analysts have issued reports on CLX shares. UBS Group raised their target price on Clorox from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Wells Fargo & Company upped their price target on Clorox from $95.00 to $102.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. increased their price objective on Clorox from $92.00 to $95.00 and gave the company an “underweight” rating in a research report on Tuesday, August 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Clorox in a research report on Friday, July 10th. Finally, Jefferies Financial Group downgraded shares of Clorox from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $125.00 to $98.00 in a research note on Tuesday, July 28th. Twelve research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $102.40.

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.