Korea Investment CORP Takes $13.34 Million Position in The Clorox Company $CLX

Korea Investment CORP bought a new position in shares of The Clorox Company (NYSE:CLX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 139,819 shares of the company’s stock, valued at approximately $13,344,000. Korea Investment CORP owned approximately 0.12% of Clorox as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Wilkins Investment Counsel Inc. boosted its position in shares of Clorox by 250.6% during the 4th quarter. Wilkins Investment Counsel Inc. now owns 55,064 shares of the company’s stock worth $5,552,000 after acquiring an additional 39,360 shares in the last quarter. Morningstar Investment Management LLC lifted its stake in Clorox by 131.8% during the fourth quarter. Morningstar Investment Management LLC now owns 62,454 shares of the company’s stock worth $6,297,000 after purchasing an additional 35,506 shares during the last quarter. Bank of America Corp DE lifted its stake in Clorox by 6.1% during 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 last quarter. National Pension Service boosted its holdings in shares of Clorox by 68.9% in the 4th quarter. National Pension Service now owns 27,537 shares of the company’s stock valued at $2,777,000 after purchasing an additional 11,233 shares in the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co bought a new position in shares of Clorox in the 4th quarter valued at $1,966,000. Institutional investors own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CLX shares. Jefferies Financial Group downgraded Clorox from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $125.00 to $98.00 in a research report on Tuesday, July 28th. The Goldman Sachs Group reissued a “sell” rating and set a $83.00 target price on shares of Clorox in a research note on Friday, May 1st. Evercore set a $99.00 target price on shares of Clorox in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $98.00 price target on shares of Clorox in a research note on Tuesday, August 4th. Finally, Wells Fargo & Company upped their price objective on shares of Clorox from $95.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Twelve investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Clorox has an average rating of “Reduce” and an average target price of $102.40.

Clorox Stock Up 0.3%

Shares of NYSE CLX opened at $107.00 on Monday. The company has a 50 day simple moving average of $98.97 and a 200 day simple moving average of $103.07. 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 Clorox Company has a 1 year low of $84.70 and a 1 year high of $128.90. The firm has a market cap of $12.94 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 3.34 and a beta of 0.54.

Clorox (NYSE:CLX) last posted its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 8.74% and a return on equity of 522.23%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.87 EPS. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Wednesday, August 12th will be issued a $1.25 dividend. The ex-dividend date is 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 yield of 4.7%. Clorox’s dividend payout ratio (DPR) is currently 103.73%.

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.