Magnetar Financial LLC Invests $7.90 Million in The Clorox Company $CLX

Magnetar Financial LLC acquired a new position in shares of The Clorox Company (NYSE:CLX) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 53,643 shares of the company’s stock, valued at approximately $7,899,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wood Tarver Financial Group LLC purchased a new position in shares of Clorox during the fourth quarter worth $31,000. GW&K Investment Management LLC lifted its stake in 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 acquiring an additional 208 shares in the last quarter. Roble Belko & Company Inc grew its position in Clorox by 140.7% in the 1st quarter. Roble Belko & Company Inc now owns 361 shares of the company’s stock valued at $53,000 after acquiring an additional 211 shares in the last quarter. IMA Advisory Services Inc. purchased a new stake in Clorox during the first quarter worth about $58,000. Finally, Menard Financial Group LLC acquired a new stake in shares of Clorox during the fourth quarter worth about $63,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Jefferies Financial Group decreased their price target on shares of Clorox from $167.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, June 26th. Wells Fargo & Company increased their price target on Clorox from $135.00 to $138.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. UBS Group lowered their price objective on Clorox from $150.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, July 17th. JPMorgan Chase & Co. reduced their target price on shares of Clorox from $144.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, July 25th. Finally, Morgan Stanley dropped their price objective on shares of Clorox from $150.00 to $137.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $143.36.

Clorox Stock Performance

Shares of CLX opened at $117.90 on Friday. The company has a market capitalization of $14.42 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 0.95 and a beta of 0.49. The Clorox Company has a 52-week low of $116.53 and a 52-week high of $171.37. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 5.15. The stock has a 50 day moving average price of $123.98 and a 200 day moving average price of $134.58.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Thursday, July 31st. The company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.63. Clorox had a net margin of 11.40% and a return on equity of 377.86%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the firm earned $1.82 EPS. The company’s 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. Research analysts predict that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Wednesday, August 13th will be paid a $1.24 dividend. This is an increase from Clorox’s previous quarterly dividend of $1.22. This represents a $4.96 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, August 13th. Clorox’s dividend payout ratio (DPR) is presently 76.07%.

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.