Voya Investment Management LLC Sells 1,462 Shares of The Clorox Company $CLX

Voya Investment Management LLC reduced its stake in The Clorox Company (NYSE:CLX) by 1.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,076 shares of the company’s stock after selling 1,462 shares during the period. Voya Investment Management LLC owned 0.06% of Clorox worth $10,908,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. boosted its holdings in Clorox by 15.6% during the first quarter. Raymond James Financial Inc. now owns 269,926 shares of the company’s stock worth $39,747,000 after purchasing an additional 36,352 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new position in Clorox during the first quarter worth about $247,000. Brown Miller Wealth Management LLC purchased a new position in Clorox during the first quarter worth about $399,000. Roman Butler Fullerton & Co. purchased a new position in Clorox during the first quarter worth about $400,000. Finally, Wedge Capital Management L L P NC boosted its holdings in Clorox by 33.5% during the first quarter. Wedge Capital Management L L P NC now owns 28,510 shares of the company’s stock worth $4,198,000 after purchasing an additional 7,159 shares during the last quarter. 78.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CLX. JPMorgan Chase & Co. boosted their target price on shares of Clorox from $133.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, September 8th. Jefferies Financial Group dropped their target price on shares of Clorox from $167.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, June 26th. Morgan Stanley dropped their target price on shares of Clorox from $150.00 to $137.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. Wells Fargo & Company dropped their target price on shares of Clorox from $138.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Friday, September 5th. Finally, Citigroup reiterated a “neutral” rating and issued a $135.00 target price (down from $140.00) on shares of Clorox in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $142.18.

Clorox Price Performance

Shares of NYSE:CLX opened at $124.79 on Wednesday. The company’s fifty day moving average price is $124.22 and its 200-day moving average price is $131.86. The firm has a market capitalization of $15.26 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 0.99 and a beta of 0.52. The Clorox Company has a one year low of $116.53 and a one year high of $171.37. The company has a debt-to-equity ratio of 5.15, a current ratio of 0.84 and a quick ratio of 0.57.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Thursday, July 31st. The company reported $2.87 earnings per share (EPS) 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 company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the company earned $1.82 EPS. The firm’s revenue was up 4.5% on a year-over-year basis. Clorox has set its FY 2026 guidance at 5.950-6.30 EPS. On average, equities research analysts anticipate that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Wednesday, October 22nd will be paid a $1.24 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.0%. Clorox’s dividend payout ratio is 76.07%.

Insider Activity

In other news, COO Eric H. Reynolds sold 15,041 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were 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 approximately $6,711,475.38. This represents a 21.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.57% of the company’s stock.

About Clorox

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.