Man Group plc Invests $2.01 Million in The Clorox Company $CLX

Man Group plc bought a new position in shares of The Clorox Company (NYSE:CLX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,107 shares of the company’s stock, valued at approximately $2,014,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CLX. Darwin Wealth Management LLC acquired a new stake in Clorox during the second quarter worth approximately $29,000. Caitlin John LLC boosted its holdings in shares of Clorox by 1,807.1% in the 4th quarter. Caitlin John LLC now owns 267 shares of the company’s stock valued at $27,000 after buying an additional 253 shares in the last quarter. Ancora Advisors LLC acquired a new position in shares of Clorox in the 2nd quarter valued at $28,000. Avalon Trust Co purchased a new position in shares of Clorox in the 2nd quarter valued at $29,000. Finally, Root Financial Partners LLC raised its stake in Clorox by 83.8% during the 1st quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock worth $33,000 after acquiring an additional 145 shares in the last quarter. 78.53% of the stock is owned by institutional investors and hedge funds.

Clorox Trading Down 2.8%

Shares of CLX stock opened at $94.99 on Wednesday. The company has a market capitalization of $11.49 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56. The company has a current ratio of 0.66, a quick ratio of 0.38 and a debt-to-equity ratio of 15.80. The business’s 50 day moving average is $100.03 and its two-hundred day moving average is $102.22. The Clorox Company has a twelve month low of $84.70 and a twelve month high of $128.90.

Clorox (NYSE:CLX) last issued its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, beating 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 business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the firm earned $2.87 earnings per share. The business’s quarterly 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. Equities analysts forecast that The Clorox Company will post 5.8 EPS for the current year.

Clorox Increases Dividend

The business 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 was Wednesday, August 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.3%. This is a boost from Clorox’s previous quarterly dividend of $1.24. Clorox’s payout ratio is 103.73%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CLX shares. Zacks Research cut shares of Clorox from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. BNP Paribas Exane cut their target price on Clorox from $97.00 to $95.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft set a $98.00 target price on Clorox in a report on Tuesday, August 4th. Wells Fargo & Company upped their target price on Clorox from $95.00 to $102.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Clorox in a research report on Friday, July 10th. Twelve investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target 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.