State of Alaska Department of Revenue Has $1.66 Million Stock Holdings in The Clorox Company $CLX

State of Alaska Department of Revenue lowered its holdings in shares of The Clorox Company (NYSE:CLX) by 4.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,840 shares of the company’s stock after selling 590 shares during the period. State of Alaska Department of Revenue’s holdings in Clorox were worth $1,661,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. American National Bank & Trust raised its holdings in shares of Clorox by 69.5% during the 2nd quarter. American National Bank & Trust now owns 217 shares of the company’s stock worth $26,000 after buying an additional 89 shares in the last quarter. Ransom Advisory Ltd acquired a new position in shares of Clorox during the 1st quarter worth $35,000. GW&K Investment Management LLC raised its holdings in shares of Clorox by 239.1% during the 1st quarter. GW&K Investment Management LLC now owns 295 shares of the company’s stock worth $43,000 after buying an additional 208 shares in the last quarter. Roble Belko & Company Inc raised its holdings in shares of Clorox by 140.7% during the 1st quarter. Roble Belko & Company Inc now owns 361 shares of the company’s stock worth $53,000 after buying an additional 211 shares in the last quarter. Finally, IMA Advisory Services Inc. acquired a new position in shares of Clorox during the 1st quarter worth $58,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CLX. Barclays lowered their price target on Clorox from $118.00 to $112.00 and set an “underweight” rating for the company in a report on Tuesday. UBS Group lowered their target price on Clorox from $150.00 to $134.00 and set a “neutral” rating for the company in a report on Thursday, July 17th. Citigroup reaffirmed a “neutral” rating and issued a $135.00 target price (down previously from $140.00) on shares of Clorox in a report on Tuesday, July 15th. Jefferies Financial Group lowered their target price on Clorox from $167.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, June 26th. Finally, Morgan Stanley lowered their target price on Clorox from $150.00 to $137.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $134.08.

Clorox Stock Up 0.9%

Shares of Clorox stock opened at $123.30 on Friday. 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. The stock’s 50-day moving average is $122.81 and its 200 day moving average is $129.64. The firm has a market cap of $15.08 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 0.98 and a beta of 0.52.

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

Clorox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Wednesday, October 22nd will be issued a $1.24 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $4.96 annualized dividend and a yield of 4.0%. Clorox’s dividend payout ratio is presently 76.07%.

Insider Transactions at Clorox

In other Clorox news, COO Eric H. Reynolds sold 15,041 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $123.78, for a total value of $1,861,774.98. Following the transaction, the chief operating officer owned 54,221 shares in the company, valued at approximately $6,711,475.38. This represents a 21.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.57% of the company’s stock.

Clorox Company 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.