Mystic Asset Management Inc. Invests $1.14 Million in The Clorox Company $CLX

Mystic Asset Management Inc. acquired a new stake in shares of The Clorox Company (NYSE:CLX) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 11,959 shares of the company’s stock, valued at approximately $1,141,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caitlin John LLC boosted its holdings in Clorox by 1,807.1% in the 4th quarter. Caitlin John LLC now owns 267 shares of the company’s stock valued at $27,000 after purchasing an additional 253 shares during the period. Avalon Trust Co purchased a new stake in shares of Clorox during the 2nd quarter valued at $29,000. Darwin Wealth Management LLC purchased a new stake in Clorox during the second quarter valued at about $29,000. Root Financial Partners LLC lifted its position in Clorox by 83.8% in the 1st quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock worth $33,000 after buying an additional 145 shares during the last quarter. Finally, SHP Wealth Management bought a new stake in shares of Clorox in the 4th quarter worth approximately $35,000. Institutional investors own 78.53% of the company’s stock.

Clorox Trading Down 1.8%

CLX opened at $106.00 on Friday. The Clorox Company has a one year low of $84.70 and a one year high of $128.90. 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 business has a 50 day simple moving average of $98.77 and a two-hundred day simple moving average of $103.11. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 3.23 and a beta of 0.54.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the company earned $2.87 EPS. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Analysts predict that The Clorox Company will post 5.8 EPS for the current year.

Clorox Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Wednesday, August 12th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 4.7%. This is an increase from Clorox’s previous quarterly dividend of $1.24. The ex-dividend date is Wednesday, August 12th. Clorox’s dividend payout ratio (DPR) is presently 103.73%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CLX. BNP Paribas Exane cut their price target on shares of Clorox from $97.00 to $95.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. JPMorgan Chase & Co. lifted their price objective on Clorox from $92.00 to $95.00 and gave the stock an “underweight” rating in a report on Tuesday, August 4th. Morgan Stanley lowered their target price on Clorox from $110.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, May 1st. Wells Fargo & Company raised their price target on Clorox from $95.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Finally, Evercore set a $99.00 price target on Clorox in a research note on Tuesday, August 4th. Twelve analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, Clorox currently has an average rating of “Reduce” and an average price target of $102.40.

Clorox Company Profile

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.