iA Global Asset Management Inc. Takes $2.33 Million Position in The Clorox Company $CLX

iA Global Asset Management Inc. acquired a new position in The Clorox Company (NYSE:CLX) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,453 shares of the company’s stock, valued at approximately $2,327,000.

Several other institutional investors have also recently added to or reduced their stakes in CLX. Vermillion & White Wealth Management Group LLC acquired a new position in Clorox during the third quarter worth $25,000. Caitlin John LLC lifted its stake in Clorox by 1,807.1% during the 4th quarter. Caitlin John LLC now owns 267 shares of the company’s stock worth $27,000 after acquiring an additional 253 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in Clorox during the 2nd quarter worth about $29,000. Vision Financial Markets LLC boosted its holdings in Clorox by 166.7% during the 4th quarter. Vision Financial Markets LLC now owns 320 shares of the company’s stock valued at $32,000 after acquiring an additional 200 shares during the period. Finally, SHP Wealth Management purchased a new position in Clorox during the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CLX shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $91.00 price target on shares of Clorox in a research note on Friday, May 1st. Wells Fargo & Company dropped their price objective on shares of Clorox from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, May 18th. Weiss Ratings raised shares of Clorox from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, April 13th. Evercore reiterated an “underperform” rating and set a $110.00 target price on shares of Clorox in a report on Friday, May 1st. Finally, Royal Bank Of Canada decreased their price target on shares of Clorox from $132.00 to $127.00 and set a “sector perform” rating for the company in a research report on Thursday, April 9th. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $103.40.

Insider Buying and Selling

In other Clorox news, Director Pierre R. Breber purchased 5,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were bought at an average cost of $85.82 per share, for a total transaction of $429,100.00. Following the completion of the purchase, the director directly owned 18,000 shares in the company, valued at approximately $1,544,760. This represents a 38.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.63% of the stock is owned by company insiders.

Clorox Stock Performance

Shares of Clorox stock opened at $97.15 on Friday. The business has a 50-day simple moving average of $94.21 and a 200-day simple moving average of $104.28. 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 Clorox Company has a one year low of $84.70 and a one year high of $132.03. The company has a market cap of $11.75 billion, a PE ratio of 15.77, a P/E/G ratio of 0.45 and a beta of 0.54.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.67 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The firm’s quarterly revenue was up .1% on a year-over-year basis. Clorox has set its FY 2026 guidance at 5.450-5.650 EPS. On average, equities research analysts forecast that The Clorox Company will post 5.61 EPS for the current fiscal year.

About Clorox

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.