South Dakota Investment Council Takes $612,000 Position in The Clorox Company $CLX

South Dakota Investment Council purchased a new stake in shares of The Clorox Company (NYSE:CLX) during the 2nd quarter, HoldingsChannel reports. The fund purchased 5,100 shares of the company’s stock, valued at approximately $612,000.

Other hedge funds also recently modified their holdings of the company. American National Bank & Trust increased its position in shares of Clorox by 69.5% during the 2nd quarter. American National Bank & Trust now owns 217 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of Clorox during the 2nd quarter valued at $31,000. Ransom Advisory Ltd acquired a new position in shares of Clorox during the 1st quarter valued at $35,000. GW&K Investment Management LLC increased its position in shares of Clorox by 239.1% during the 1st quarter. GW&K Investment Management LLC now owns 295 shares of the company’s stock valued at $43,000 after purchasing an additional 208 shares during the period. Finally, Bogart Wealth LLC increased its position in shares of Clorox by 289.5% during the 2nd quarter. Bogart Wealth LLC now owns 370 shares of the company’s stock valued at $44,000 after purchasing an additional 275 shares during the period. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CLX shares. Jefferies Financial Group reiterated a “buy” rating and set a $152.00 price target on shares of Clorox in a research report on Tuesday. Zacks Research cut Clorox from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Bank of America decreased their target price on Clorox from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. BNP Paribas Exane decreased their target price on Clorox from $118.00 to $110.00 and set an “underperform” rating on the stock in a report on Friday, October 17th. Finally, Barclays decreased their target price on Clorox from $118.00 to $112.00 and set an “underweight” rating on the stock in a report on Tuesday, September 30th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $127.60.

Clorox Stock Performance

Shares of Clorox stock opened at $110.41 on Wednesday. The stock has a market cap of $13.44 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 0.92 and a beta of 0.52. The business has a fifty day simple moving average of $120.13 and a 200-day simple moving average of $125.40. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 5.15. The Clorox Company has a 12 month low of $107.71 and a 12 month high of $171.37.

Clorox (NYSE:CLX) last issued its earnings results on Monday, November 3rd. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.78 by $0.07. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Clorox had a return on equity of 377.86% and a net margin of 11.40%.Clorox’s revenue was down 18.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.86 earnings per share. Clorox has set its FY 2026 guidance at 5.950-6.300 EPS. On average, sell-side analysts anticipate that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Wednesday, October 22nd will be given a $1.24 dividend. This represents a $4.96 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 22nd. Clorox’s dividend payout ratio (DPR) is 76.07%.

Insider Activity at Clorox

In other news, COO Eric H. Reynolds sold 15,041 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $123.78, for a total value of $1,861,774.98. Following the completion of the sale, the chief operating officer owned 54,221 shares of the company’s stock, valued at $6,711,475.38. This trade represents a 21.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.63% of the stock is currently owned by company insiders.

Clorox Company Profile

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.