The Clorox Company $CLX Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its position in shares of The Clorox Company (NYSE:CLX) by 199.4% during the third quarter, Holdings Channel.com reports. The fund owned 12,778 shares of the company’s stock after acquiring an additional 8,510 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Clorox were worth $1,576,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Somerset Trust Co grew its stake in shares of Clorox by 0.9% in the 3rd quarter. Somerset Trust Co now owns 15,732 shares of the company’s stock worth $1,940,000 after purchasing an additional 134 shares during the last quarter. Lineweaver Wealth Advisors LLC acquired a new position in Clorox in the third quarter worth approximately $994,000. Wedge Capital Management L L P NC increased its holdings in shares of Clorox by 16.7% in the third quarter. Wedge Capital Management L L P NC now owns 39,553 shares of the company’s stock valued at $4,877,000 after buying an additional 5,660 shares in the last quarter. Corsicana & Co. bought a new stake in shares of Clorox during the 3rd quarter worth $34,000. Finally, L. Roy Papp & Associates LLP grew its holdings in shares of Clorox by 1.0% in the 3rd quarter. L. Roy Papp & Associates LLP now owns 14,116 shares of the company’s stock worth $1,741,000 after acquiring an additional 135 shares during the last quarter. 78.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on CLX shares. Bank of America reduced their target price on Clorox from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Citigroup reduced their price objective on shares of Clorox from $120.00 to $109.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. JPMorgan Chase & Co. decreased their target price on shares of Clorox from $127.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, November 4th. The Goldman Sachs Group cut their price target on shares of Clorox from $115.00 to $110.00 and set a “sell” rating on the stock in a report on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Clorox in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $125.00.

Clorox Stock Performance

CLX stock opened at $98.56 on Friday. The stock has a market cap of $12.02 billion, a P/E ratio of 15.47, a P/E/G ratio of 0.49 and a beta of 0.57. The company has a debt-to-equity ratio of 18.01, a quick ratio of 0.50 and a current ratio of 0.76. The firm has a 50 day simple moving average of $105.80 and a 200 day simple moving average of $117.18. The Clorox Company has a 52 week low of $96.66 and a 52 week high of $164.41.

Clorox (NYSE:CLX) last issued its earnings results on Monday, November 3rd. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. Clorox had a net margin of 11.68% and a return on equity of 358.39%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business posted $1.86 EPS. The company’s revenue for the quarter was down 18.9% on a year-over-year basis. Clorox has set its FY 2026 guidance at 5.950-6.300 EPS. Research analysts anticipate that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Wednesday, January 28th will be paid a $1.24 dividend. The ex-dividend date is Wednesday, January 28th. This represents a $4.96 dividend on an annualized basis and a yield of 5.0%. Clorox’s payout ratio is 77.86%.

Insiders Place Their Bets

In other news, Director Pierre R. Breber purchased 4,000 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was bought at an average cost of $104.13 per share, with a total value of $416,520.00. Following the purchase, the director directly owned 13,000 shares of the company’s stock, valued at approximately $1,353,690. This trade represents a 44.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.63% of the stock is currently owned by insiders.

Clorox Company 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.