The Clorox Company $CLX Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its stake in The Clorox Company (NYSE:CLX) by 46.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 112,199 shares of the company’s stock after purchasing an additional 35,799 shares during the period. American Century Companies Inc. owned about 0.09% of Clorox worth $16,521,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wood Tarver Financial Group LLC acquired a new position in shares of Clorox in the fourth quarter worth $31,000. GW&K Investment Management LLC grew its stake in shares of Clorox by 239.1% in the first quarter. GW&K Investment Management LLC now owns 295 shares of the company’s stock worth $43,000 after acquiring an additional 208 shares in the last quarter. Roble Belko & Company Inc grew its stake in shares of Clorox by 140.7% in the first quarter. Roble Belko & Company Inc now owns 361 shares of the company’s stock worth $53,000 after acquiring an additional 211 shares in the last quarter. IMA Advisory Services Inc. acquired a new position in shares of Clorox in the first quarter worth $58,000. Finally, Menard Financial Group LLC acquired a new position in shares of Clorox in the fourth quarter worth $63,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analyst Ratings Changes

CLX has been the subject of several research reports. Wells Fargo & Company boosted their price target on shares of Clorox from $135.00 to $138.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. UBS Group dropped their price target on shares of Clorox from $150.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, July 17th. Barclays dropped their price target on shares of Clorox from $129.00 to $119.00 and set an “underweight” rating for the company in a research note on Tuesday, July 15th. JPMorgan Chase & Co. lowered their target price on shares of Clorox from $144.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, July 25th. Finally, Evercore ISI set a $140.00 target price on shares of Clorox and gave the stock an “underperform” rating in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Clorox currently has an average rating of “Reduce” and an average target price of $143.36.

Clorox Stock Performance

Shares of CLX stock opened at $120.1760 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.57 and a debt-to-equity ratio of 5.15. The firm has a fifty day moving average price of $124.25 and a 200 day moving average price of $135.22. The company has a market cap of $14.70 billion, a P/E ratio of 18.43, a PEG ratio of 0.96 and a beta of 0.49. The Clorox Company has a 12 month low of $117.35 and a 12 month high of $171.37.

Clorox (NYSE:CLX) last announced its quarterly earnings results on Thursday, July 31st. The company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.63. Clorox had a net margin of 11.40% and a return on equity of 377.86%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the company earned $1.82 earnings per share. Clorox’s quarterly revenue was up 4.5% compared to the same quarter last year. Clorox has set its FY 2026 guidance at 5.950-6.30 EPS. Sell-side analysts predict that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Wednesday, August 13th will be given a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a yield of 4.1%. This is a boost from Clorox’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Wednesday, August 13th. Clorox’s dividend payout ratio is presently 76.07%.

Clorox 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.