ProShare Advisors LLC Purchases 102,732 Shares of The Clorox Company $CLX

ProShare Advisors LLC boosted its holdings in shares of The Clorox Company (NYSE:CLX) by 6.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,737,891 shares of the company’s stock after purchasing an additional 102,732 shares during the period. ProShare Advisors LLC’s holdings in Clorox were worth $140,787,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CLX. BlackRock Inc. bought a new stake in Clorox in the 2nd quarter valued at about $958,640,000. Bank of America Corp DE acquired a new stake in Clorox in the second quarter valued at approximately $179,780,000. Royal Bank of Canada increased its holdings in shares of Clorox by 20.1% during the first quarter. Royal Bank of Canada now owns 1,418,204 shares of the company’s stock worth $146,969,000 after buying an additional 237,301 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Clorox by 2.3% during the first quarter. Bank of New York Mellon Corp now owns 1,280,226 shares of the company’s stock valued at $132,670,000 after purchasing an additional 29,181 shares in the last quarter. Finally, Confluence Investment Management LLC raised its stake in shares of Clorox by 33.8% during the second quarter. Confluence Investment Management LLC now owns 1,247,644 shares of the company’s stock valued at $119,075,000 after acquiring an additional 315,069 shares during the last quarter. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CLX has been the subject of several research analyst reports. Zacks Research lowered shares of Clorox from a “hold” rating to a “strong sell” rating in a research note on Thursday. UBS Group set a $91.00 price target on shares of Clorox in a research report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $95.00 price objective on shares of Clorox in a report on Monday, October 19th. Barclays dropped their target price on Clorox from $84.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, October 16th. Finally, Jefferies Financial Group cut Clorox from a “buy” rating to a “hold” rating and cut their target price for the company from $125.00 to $98.00 in a research report on Tuesday, July 28th. Eleven equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $93.57.

Clorox News Roundup

Here are the key news stories impacting Clorox this week:

• Positive Sentiment: New CEO appointed: Clorox named Fabian Garcia, a veteran consumer-products executive from Unilever, as CEO and chair effective January 5, 2027. His experience could help strengthen brand execution and support a turnaround after a comprehensive search. Matthew Shattock will resume his role as independent chair, while Linda Rendle is stepping down for health reasons. Clorox Appoints Fabian Garcia as CEO
• Positive Sentiment: Potential earnings support: Analysts expect fiscal first-quarter 2027 results to benefit from product innovation, brand investments and the contribution from GOJO, the hand-care business acquired by Clorox. A stronger-than-expected report could provide a near-term catalyst. Clorox’s Q1 Earnings Coming Up: Key Insights for Investors
• Neutral Sentiment: Valuation is being debated: Recent commentary suggests CLX may be fairly valued based on expected earnings, while the incoming CEO could make the stock appear inexpensive if he improves growth and profitability. Investors are likely to focus on guidance and the pace of recovery rather than valuation alone. Clorox Stock Looks About Right Based on Earnings
• Negative Sentiment: Profitability and dividend risks remain: Higher costs, cautious consumer spending and potential pressure on margins may limit the benefit from innovation and GOJO. Analysts also view the dividend as facing a more difficult test, making cash flow and management’s outlook key issues in the earnings release. Clorox: An Easy Quarter Ahead, But a Harder Test for the Dividend

Clorox Stock Down 0.7%

CLX stock opened at $88.01 on Friday. The stock has a fifty day moving average of $88.61 and a 200-day moving average of $100.01. The Clorox Company has a fifty-two week low of $79.12 and a fifty-two week high of $128.90. The company has a market capitalization of $10.64 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 2.94 and a beta of 0.59. 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 released its quarterly earnings data on Monday, August 3rd. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.64 by $0.02. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.91 billion. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, equities research analysts predict that The Clorox Company will post 5.66 earnings per share for the current year.

Clorox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Wednesday, October 28th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $5.00 annualized dividend and a yield of 5.7%. Clorox’s payout ratio is currently 103.73%.

Clorox Profile

The Clorox Company, founded in 1913 and headquartered in Oakland, California, is a consumer and professional products company. It began with household bleach and has expanded into a portfolio of brands serving cleaning, household, personal care, food, and professional markets.

Its brands include Clorox disinfecting and cleaning products, Pine-Sol cleaners, Liquid-Plumr drain care, Kingsford charcoal, Fresh Step and Scoop Away cat litter, Hidden Valley dressings and dips, Brita water filtration products, and Burt’s Bees personal care items.