Empowered Funds LLC Makes New $11.14 Million Investment in The Clorox Company $CLX

Empowered Funds LLC bought a new stake in shares of The Clorox Company (NYSE:CLX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 116,687 shares of the company’s stock, valued at approximately $11,137,000. Empowered Funds LLC owned 0.10% of Clorox as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CLX. Wilkins Investment Counsel Inc. lifted 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 valued at $5,552,000 after buying an additional 39,360 shares during the last quarter. Morningstar Investment Management LLC raised its stake in Clorox by 131.8% in the 4th quarter. Morningstar Investment Management LLC now owns 62,454 shares of the company’s stock valued at $6,297,000 after acquiring an additional 35,506 shares during the period. Bank of America Corp DE raised its stake in Clorox by 6.1% in the 1st quarter. Bank of America Corp DE now owns 1,405,774 shares of the company’s stock valued at $145,680,000 after acquiring an additional 80,618 shares during the period. National Pension Service lifted its holdings in Clorox by 68.9% during the fourth 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 during the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co purchased a new stake in Clorox during the fourth quarter valued at about $1,966,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CLX shares. Zacks Research downgraded shares of Clorox from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. BNP Paribas Exane dropped their price target on shares of Clorox from $97.00 to $95.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. UBS Group raised their price objective on shares of Clorox from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on shares of Clorox in a research note on Tuesday, August 4th. Finally, Barclays restated an “underweight” rating and set a $84.00 target price on shares of Clorox in a research report on Tuesday, August 4th. Twelve research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Clorox has an average rating of “Reduce” and a consensus target price of $102.40.

Clorox Trading Down 1.0%

Shares of CLX opened at $102.57 on Friday. 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 P/E/G ratio of 3.21 and a beta of 0.54. 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 business’s 50-day moving average price is $99.83 and its 200-day moving average price is $102.72.

Clorox (NYSE:CLX) last released its quarterly earnings data on Monday, August 3rd. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the business earned $2.87 earnings per share. Clorox’s revenue was down 2.0% compared to the same quarter last year. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, equities analysts forecast that The Clorox Company will post 5.8 EPS for the current fiscal year.

Clorox Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Wednesday, August 12th were issued a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This is an increase from Clorox’s previous quarterly dividend of $1.24. This represents a $5.00 annualized dividend and a dividend yield of 4.9%. Clorox’s payout ratio 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.