Clorox Company (CLX) continues to show strong performance in the stock market, despite occasional under-performances. The company’s
regular quarterly dividend has been increased to $1.22 per share, with quarterly earnings beating estimates and a gross margin expansion noted. Despite this, the company is viewed by some as having difficulty in capital allocation. The company continues to be a favourite amongst institutional investors, with 81% of the company controlled by them.
Clorox has also been focusing on sustainability, with their Chief Sustainability Officer providing key takeaways from Climate Week 2024 and the company named as the EPA’s 2024 Safer Choice Partner of the Year for Advancing Ingredient and
Product Safety. The company also divested its
Better Health VMS Business, positioning itself for growth surge over the next three years.
Clorox also champions mental health and inclusive hiring within the company. A recently lowered price target from Evercore ISI places the estimated share price at $139.00.
Clorox Company CLX News Analytics from Thu, 04 Jan 2024 08:00:00 GMT to Sat, 19 Oct 2024 02:44:00 GMT -
Rating 8
- Innovation 4
- Information 6
- Rumor -4
