Vise Technologies Inc. Takes $540,000 Position in The Clorox Company $CLX

Vise Technologies Inc. bought a new position in shares of The Clorox Company (NYSE:CLX) during the second quarter, according to its most recent filing with the SEC. The fund bought 5,655 shares of the company’s stock, valued at approximately $540,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Darwin Wealth Management LLC bought a new stake in Clorox in the second quarter worth about $29,000. Caitlin John LLC increased its stake in shares of Clorox by 1,807.1% during the 4th quarter. Caitlin John LLC now owns 267 shares of the company’s stock worth $27,000 after purchasing an additional 253 shares during the last quarter. Avalon Trust Co bought a new stake in shares of Clorox in the 2nd quarter worth approximately $29,000. Root Financial Partners LLC lifted 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 purchasing an additional 145 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new position in Clorox in the first quarter valued at approximately $35,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

Clorox Trading Up 0.5%

Shares of Clorox stock opened at $107.20 on Tuesday. The company’s 50-day moving average price is $99.20 and its 200-day moving average price is $103.01. The company has a current ratio of 0.66, a quick ratio of 0.38 and a debt-to-equity ratio of 15.80. The Clorox Company has a 12-month low of $84.70 and a 12-month high of $128.90. The company has a market cap of $12.96 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 3.34 and a beta of 0.54.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Monday, August 3rd. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.64 by $0.02. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the company earned $2.87 earnings per share. Clorox’s revenue for the quarter was down 2.0% on a year-over-year basis. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, equities analysts expect that The Clorox Company will post 5.8 earnings per share for the current fiscal year.

Clorox Increases Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on CLX. Jefferies Financial Group lowered Clorox from a “buy” rating to a “hold” rating and lowered their target price for the company from $125.00 to $98.00 in a research note on Tuesday, July 28th. Barclays reiterated an “underweight” rating and set a $84.00 target price on shares of Clorox in a research report on Tuesday, August 4th. The Goldman Sachs Group restated a “sell” rating and set a $83.00 price target on shares of Clorox in a research note on Friday, May 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Clorox in a research note on Friday, July 10th. Finally, Wall Street Zen cut shares of Clorox from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Twelve equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Clorox currently has an average rating of “Reduce” and an average target price of $102.40.

About Clorox

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.