First Nebraska Trust Co Makes New $4.65 Million Investment in The Clorox Company $CLX

First Nebraska Trust Co purchased a new stake in The Clorox Company (NYSE:CLX) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 57,445 shares of the company’s stock, valued at approximately $4,653,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CLX. Ancora Advisors LLC acquired a new position in shares of Clorox during the 2nd quarter worth $28,000. Avalon Trust Co acquired a new stake in Clorox in the second quarter valued at about $29,000. Markowski Investments acquired a new stake in Clorox in the second quarter valued at about $30,000. Root Financial Partners LLC boosted its stake in Clorox by 83.8% in the first quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock valued at $33,000 after buying an additional 145 shares in the last quarter. Finally, Pension & Wealth Management Advisors Inc. bought a new position in Clorox in the third quarter valued at about $26,000. Institutional investors own 78.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wells Fargo & Company boosted their target price on Clorox from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $95.00 target price on shares of Clorox in a report on Monday, October 19th. The Goldman Sachs Group restated a “sell” rating and issued a $74.00 price target on shares of Clorox in a research note on Tuesday. Barclays decreased their price target on shares of Clorox from $84.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, October 16th. Finally, Zacks Research lowered shares of Clorox from a “hold” rating to a “strong sell” rating in a report on Thursday, October 29th. One investment analyst has rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $93.29.

Key Stories Impacting Clorox

Here are the key news stories impacting Clorox this week:

• Positive Sentiment: Clorox reported adjusted EPS of $1.55, above the $1.07 consensus, and revenue of $1.91 billion versus estimates of $1.88 billion. Sales growth, cost savings and contributions from GOJO supported the quarter. Clorox shares rally after Q1 earnings beat
• Positive Sentiment: The company gave fiscal 2027 adjusted EPS guidance of $5.70–$6.00 and revenue guidance of $7.6–$7.7 billion, broadly in line with or above analyst expectations. Productivity efforts, pricing and GOJO integration savings are intended to help offset cost pressure. Clorox Q1 earnings call highlights
• Neutral Sentiment: Analyst price-target changes were mixed: UBS raised its target to $96 while maintaining a Neutral rating; TD Cowen lifted its target to $88, and JPMorgan raised its target to $86 but retained an Underweight rating. UBS target update
• Negative Sentiment: Clorox expects adjusted earnings near the lower end of its outlook as inflation and other rising costs pressure margins, despite the quarterly beat. Its CEO also pointed to a potential warning sign in consumer spending, which could weigh on demand. Clorox trims outlook on higher costs Clorox CEO economic warning
• Negative Sentiment: Investors may also be weighing debt from a recent acquisition and the potential implications for dividend flexibility. Clorox outlook and dividend concerns

Clorox Trading Up 4.3%

CLX opened at $93.77 on Wednesday. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.66 and a quick ratio of 0.38. The Clorox Company has a fifty-two week low of $79.12 and a fifty-two week high of $128.90. The company’s 50 day moving average price is $88.00 and its two-hundred day moving average price is $99.83. The firm has a market capitalization of $11.34 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 3.00 and a beta of 0.59.

Clorox (NYSE:CLX) last released its quarterly earnings results on Monday, November 2nd. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.48. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.88 billion. Clorox had a net margin of 9.41% and a return on equity of 601.88%. The company’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. As a group, research analysts predict that The Clorox Company will post 5.68 earnings per share for the current year.

Clorox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Wednesday, October 28th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Wednesday, October 28th. Clorox’s dividend payout ratio is presently 103.73%.

About Clorox

The Clorox Company, founded in 1913 and headquartered in Oakland, California, is a consumer and professional products company. It began with household bleach and has expanded into a portfolio of brands serving cleaning, household, personal care, food, and professional markets.

Its brands include Clorox disinfecting and cleaning products, Pine-Sol cleaners, Liquid-Plumr drain care, Kingsford charcoal, Fresh Step and Scoop Away cat litter, Hidden Valley dressings and dips, Brita water filtration products, and Burt’s Bees personal care items.