Raymond James Financial Services Advisors Inc. Grows Stake in The Clorox Company (NYSE:CLX)

Posted by on Jun 27th, 2023

Raymond James Financial Services Advisors Inc. lifted its stake in shares of The Clorox Company (NYSE:CLX – Get Rating) by 5.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,058 shares of the company’s stock after purchasing an additional 9,524 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.16% of Clorox worth $30,866,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Dark Forest Capital Management LP purchased a new stake in shares of Clorox during the fourth quarter worth about $28,000. OLD Mission Capital LLC purchased a new stake in Clorox during the 4th quarter valued at about $29,000. Delta Asset Management LLC TN purchased a new stake in Clorox during the 4th quarter valued at about $31,000. Financial Avengers Inc. grew its stake in Clorox by 86.0% during the 4th quarter. Financial Avengers Inc. now owns 225 shares of the company’s stock valued at $32,000 after acquiring an additional 104 shares in the last quarter. Finally, Koesten Hirschmann & Crabtree INC. purchased a new stake in Clorox during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 79.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CLX. StockNews.com began coverage on shares of Clorox in a research note on Thursday, May 18th. They set a “hold” rating for the company. Royal Bank of Canada upped their price objective on shares of Clorox from $137.00 to $151.00 in a research note on Wednesday, May 3rd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Clorox from $147.00 to $149.00 in a research note on Tuesday, April 18th. UBS Group increased their price target on shares of Clorox from $148.00 to $162.00 in a research note on Wednesday, May 3rd. Finally, Barclays increased their price target on shares of Clorox from $118.00 to $124.00 in a research note on Sunday, May 14th. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Clorox currently has an average rating of “Hold” and a consensus target price of $148.54.

Clorox Price Performance

Clorox stock opened at $156.81 on Tuesday. The firm has a market cap of $19.38 billion, a PE ratio of 270.37, a price-to-earnings-growth ratio of 2.74 and a beta of 0.30. The Clorox Company has a 52-week low of $124.58 and a 52-week high of $178.21. The company has a quick ratio of 0.51, a current ratio of 0.87 and a debt-to-equity ratio of 14.40. The company’s 50 day moving average is $162.10 and its two-hundred day moving average is $154.21.

Clorox (NYSE:CLX – Get Rating) last released its earnings results on Tuesday, May 2nd. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.29. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.82 billion. Clorox had a net margin of 1.03% and a return on equity of 114.67%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.31 EPS. On average, research analysts expect that The Clorox Company will post 4.55 EPS for the current fiscal year.

Clorox Company Profile

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The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.

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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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