Cullen Capital Management LLC Invests $1.02 Million in The Clorox Company $CLX

Cullen Capital Management LLC bought a new stake in The Clorox Company (NYSE:CLX) in the 2nd quarter, Holdings Channel.com reports. The firm bought 10,694 shares of the company’s stock, valued at approximately $1,021,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Caitlin John LLC increased its position in Clorox by 1,807.1% during the fourth quarter. Caitlin John LLC now owns 267 shares of the company’s stock worth $27,000 after buying an additional 253 shares during the last quarter. Avalon Trust Co acquired a new stake in shares of Clorox in the second quarter valued at approximately $29,000. Darwin Wealth Management LLC bought a new position in shares of Clorox during the 2nd quarter worth approximately $29,000. Root Financial Partners LLC increased its holdings in shares of 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 during the last quarter. Finally, SHP Wealth Management acquired a new position in shares of Clorox during the 4th quarter worth approximately $35,000. Institutional investors own 78.53% of the company’s stock.

Clorox Trading Up 0.5%

Shares of Clorox stock opened at $107.20 on Tuesday. 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 Clorox Company has a 12-month low of $84.70 and a 12-month high of $128.90. The company has a market capitalization of $12.96 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 3.34 and a beta of 0.54. The firm’s 50-day moving average price is $99.20 and its two-hundred day moving average price is $103.01.

Clorox (NYSE:CLX) last released its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.02. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the prior year, the company earned $2.87 earnings per share. The company’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. On average, analysts forecast that The Clorox Company will post 5.8 earnings per share for the current fiscal year.

Clorox Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Wednesday, August 12th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This is a positive change from Clorox’s previous quarterly dividend of $1.24. This represents a $5.00 annualized dividend and a yield of 4.7%. Clorox’s payout ratio is presently 103.73%.

Analysts Set New Price Targets

CLX has been the subject of a number of research reports. BNP Paribas Exane cut their target price on shares of Clorox from $97.00 to $95.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Wall Street Zen lowered shares of Clorox from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Clorox in a report on Friday, July 10th. Zacks Research downgraded shares of Clorox from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Finally, Jefferies Financial Group cut Clorox from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $125.00 to $98.00 in a report on Tuesday, July 28th. Twelve analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price 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.