With a series of unfolding events,
Clorox Company (CLX) recently completed the
divestiture of its Better Health VMS Business. Despite the recent divestiture, shares of the company have seen a
3% yield mark crossing. The company has been gaining traction among
institutional shareholders who now own 81% of it. Clorox has also been recognized as Barron's
Most Sustainable U.S. Company for the second consecutive year prompting investors to contemplate whether it's a suitable time to buy, hold, or sell the stock. Amidst these developments, Savant Capital LLC and Mizuho Markets Americas LLC reduced their stakes in the company. In terms of financial results, Clorox's Q4 earnings
surpassed estimates with an expanded gross margin. Simultaneously, it increased its
quarterly dividend to $1.22 per share. Despite some concerns about the company's valuation and increased competition, their proactive
strategic actions amidst high costs have been well-perceived by the market. The launch of
Clorox EcoClean Disinfecting Wipes, a new plant-based product, further showed the company's commitment to sustainability and innovation.
Clorox Company CLX News Analytics from Wed, 04 Oct 2023 07:00:00 GMT to Sun, 15 Sep 2024 10:46:16 GMT -
Rating 4
- Innovation 6
- Information 8
- Rumor -2
