OMERS ADMINISTRATION Corp Purchases Shares of 6,529 The Clorox Company $CLX

OMERS ADMINISTRATION Corp acquired a new position in shares of The Clorox Company (NYSE:CLX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,529 shares of the company’s stock, valued at approximately $623,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new position in Clorox in the second quarter worth $958,640,000. Norges Bank acquired a new position in shares of Clorox in the 4th quarter valued at $135,735,000. Bank of New York Mellon Corp acquired a new position in shares of Clorox in the 2nd quarter valued at $123,154,000. Equity Investment Corp bought a new position in shares of Clorox during the 2nd quarter worth about $111,800,000. Finally, Invesco Ltd. lifted its holdings in shares of Clorox by 22.1% during the 4th quarter. Invesco Ltd. now owns 4,880,341 shares of the company’s stock worth $492,085,000 after acquiring an additional 884,751 shares during the period. 78.53% of the stock is currently owned by institutional investors.

Clorox Stock Performance

Shares of NYSE:CLX opened at $103.64 on Friday. The Clorox Company has a twelve month low of $84.70 and a twelve month high of $128.90. The firm has a market cap of $12.53 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 3.26 and a beta of 0.54. The company has a debt-to-equity ratio of 15.80, a quick ratio of 0.38 and a current ratio of 0.66. The business has a fifty day moving average of $99.69 and a 200-day moving average of $102.72.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the company earned $2.87 EPS. The firm’s quarterly revenue 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 research analysts predict that The Clorox Company will post 5.8 EPS for the current fiscal year.

Clorox Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Wednesday, August 12th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 4.8%. This is an increase from Clorox’s previous quarterly dividend of $1.24. The ex-dividend date of this dividend is Wednesday, August 12th. Clorox’s payout ratio is currently 103.73%.

Wall Street Analysts Forecast Growth

CLX has been the topic of a number of analyst reports. Morgan Stanley lowered their target price on shares of Clorox from $110.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Friday, May 1st. UBS Group lifted their price objective on Clorox from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Evercore set a $99.00 price objective on Clorox in a research note on Tuesday, August 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Clorox in a research note on Friday, July 10th. Finally, Jefferies Financial Group cut Clorox from a “buy” rating to a “hold” rating and dropped their target price for the stock from $125.00 to $98.00 in a report on Tuesday, July 28th. Twelve analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price 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.