ABN Amro Investment Solutions Invests $609,000 in The Clorox Company $CLX

ABN Amro Investment Solutions bought a new position in shares of The Clorox Company (NYSE:CLX) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 6,038 shares of the company’s stock, valued at approximately $609,000.

Other large investors have also recently bought and sold shares of the company. Field & Main Bank raised its position in Clorox by 3.3% during the 4th quarter. Field & Main Bank now owns 3,100 shares of the company’s stock worth $313,000 after buying an additional 100 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Clorox by 1.7% during the 3rd quarter. Fisher Asset Management LLC now owns 6,053 shares of the company’s stock valued at $746,000 after acquiring an additional 102 shares during the period. Johnson Financial Group Inc. boosted its holdings in shares of Clorox by 3.1% in the 3rd quarter. Johnson Financial Group Inc. now owns 3,659 shares of the company’s stock valued at $451,000 after acquiring an additional 109 shares during the last quarter. State of Wyoming boosted its holdings in shares of Clorox by 4.7% in the 2nd quarter. State of Wyoming now owns 2,540 shares of the company’s stock valued at $305,000 after acquiring an additional 113 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Clorox by 12.5% in the third quarter. EverSource Wealth Advisors LLC now owns 1,099 shares of the company’s stock worth $136,000 after acquiring an additional 122 shares during the period. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Analysts Set New Price Targets

CLX has been the subject of several recent research reports. BNP Paribas Exane reduced their target price on shares of Clorox from $128.00 to $97.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Morgan Stanley reduced their target price on shares of Clorox from $110.00 to $97.00 and set an “equal weight” rating for the company in a report on Friday, May 1st. Zacks Research cut shares of Clorox from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Evercore reissued an “underperform” rating and set a $110.00 target price on shares of Clorox in a report on Friday, May 1st. Finally, UBS Group reduced their target price on shares of Clorox from $110.00 to $96.00 and set a “neutral” rating for the company in a report on Friday, May 1st. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $103.40.

Clorox Stock Down 0.1%

CLX opened at $94.97 on Monday. The Clorox Company has a fifty-two week low of $84.70 and a fifty-two week high of $132.03. The company has a debt-to-equity ratio of 27.03, a quick ratio of 0.65 and a current ratio of 0.84. The company has a fifty day moving average of $99.99 and a two-hundred day moving average of $106.27. The stock has a market capitalization of $11.48 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 0.49 and a beta of 0.59.

Clorox (NYSE:CLX) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.09. Clorox had a net margin of 11.18% and a return on equity of 443.64%. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the company earned $1.45 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Clorox has set its FY 2026 guidance at 5.450-5.650 EPS. On average, research analysts expect that The Clorox Company will post 5.61 earnings per share for the current year.

Clorox Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Wednesday, April 22nd were issued a $1.24 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $4.96 dividend on an annualized basis and a yield of 5.2%. Clorox’s payout ratio is presently 80.52%.

Insiders Place Their Bets

In other news, Director Pierre R. Breber acquired 5,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was bought at an average price of $85.82 per share, with a total value of $429,100.00. Following the completion of the acquisition, the director owned 18,000 shares of the company’s stock, valued at approximately $1,544,760. This represents a 38.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.

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.