Cyndeo Wealth Partners LLC Acquires 7,336 Shares of The Clorox Company $CLX

Cyndeo Wealth Partners LLC raised its holdings in shares of The Clorox Company (NYSE:CLX) by 8.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,096 shares of the company’s stock after acquiring an additional 7,336 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Clorox were worth $7,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Hanson & Doremus Investment Management grew its position in shares of Clorox by 1,157.0% in the third quarter. Hanson & Doremus Investment Management now owns 1,257 shares of the company’s stock valued at $102,000 after purchasing an additional 1,157 shares in the last quarter. Pension & Wealth Management Advisors Inc. purchased a new stake in Clorox during the 3rd quarter worth about $26,000. NFSG Corp lifted its holdings in Clorox by 31.7% during the 3rd quarter. NFSG Corp now owns 2,034 shares of the company’s stock worth $170,000 after purchasing an additional 489 shares in the last quarter. Walser Wealth Management Company A Ltd Liability Co boosted its stake in Clorox by 17.9% in the 3rd quarter. Walser Wealth Management Company A Ltd Liability Co now owns 11,097 shares of the company’s stock worth $899,000 after purchasing an additional 1,686 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in Clorox by 117.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 64,990 shares of the company’s stock worth $5,265,000 after purchasing an additional 35,149 shares during the period. Institutional investors own 78.53% of the company’s stock.

Analyst Ratings Changes

CLX has been the subject of a number of recent analyst reports. UBS Group set a $91.00 target price on Clorox in a report on Thursday. Jefferies Financial Group downgraded shares of Clorox from a “buy” rating to a “hold” rating and lowered their price target for the stock from $125.00 to $98.00 in a report on Tuesday, July 28th. Evercore set a $99.00 price objective on shares of Clorox in a research report on Tuesday, August 4th. Wells Fargo & Company reduced their price objective on shares of Clorox from $90.00 to $85.00 and set an “equal weight” rating for the company in a research note on Monday, October 5th. Finally, Zacks Research upgraded shares of Clorox from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. Twelve analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Clorox has an average rating of “Reduce” and a consensus price target of $94.64.

Clorox Stock Performance

Shares of CLX opened at $86.91 on Friday. The company has a market cap of $10.51 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 2.73 and a beta of 0.59. 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 stock has a 50-day moving average price of $92.27 and a 200-day moving average price of $95.29. The Clorox Company has a 12-month low of $79.12 and a 12-month high of $128.90.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Monday, August 3rd. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.64 by $0.02. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.91 billion. Clorox had a return on equity of 522.23% and a net margin of 8.74%. Clorox’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, equities analysts forecast that The Clorox Company will post 5.74 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Wednesday, October 28th will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, October 28th. This represents a $5.00 annualized dividend and a yield of 5.8%. Clorox’s payout ratio is presently 103.73%.

About Clorox

The Clorox Company is a consumer and professional products company that develops, manufactures and markets household cleaning, disinfecting, wellness and personal care products. Its portfolio includes the Clorox bleach and cleaning brands, as well as products sold under brands such as Pine-Sol, Liquid-Plumr, Fresh Step, Scoop Away, Kingsford, Hidden Valley, Burt’s Bees and Brita.

Clorox also offers trash bags, food products, water-filtration systems, charcoal and grilling products, cat litter, and professional cleaning and disinfecting solutions.