Candriam Luxembourg S.C.A. grew its position in Clorox Co (NYSE:CLX) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,997 shares of the company’s stock after acquiring an additional 398 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Clorox were worth $1,636,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of CLX. Dupont Capital Management Corp acquired a new position in shares of Clorox in the third quarter worth about $199,000. Smith Moore & CO. acquired a new position in shares of Clorox in the third quarter worth about $204,000. Private Asset Management Inc. acquired a new position in shares of Clorox in the fourth quarter worth about $208,000. Lourd Capital LLC acquired a new position in shares of Clorox in the fourth quarter worth about $210,000. Finally, Gratus Capital LLC acquired a new position in shares of Clorox in the third quarter worth about $215,000. Institutional investors and hedge funds own 74.11% of the company’s stock.
In related news, SVP Michael R. Costello sold 10,574 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $136.01, for a total transaction of $1,438,169.74. Following the completion of the sale, the senior vice president now owns 34,867 shares of the company’s stock, valued at approximately $4,742,260.67. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
A number of brokerages have weighed in on CLX. BMO Capital Markets set a $147.00 price objective on shares of Clorox and gave the stock a “buy” rating in a research report on Monday, February 5th. Morgan Stanley reduced their price target on shares of Clorox from $140.00 to $133.00 and set an “equal weight” rating for the company in a research report on Monday, February 5th. Zacks Investment Research upgraded shares of Clorox from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a research report on Tuesday, February 6th. Argus downgraded shares of Clorox from a “buy” rating to a “hold” rating and reduced their price target for the stock from $150.40 to $127.81 in a research report on Thursday, February 8th. Finally, Bank of America reduced their price target on shares of Clorox from $155.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $132.46.
Clorox Co (CLX) opened at $128.78 on Wednesday. Clorox Co has a 1 year low of $124.09 and a 1 year high of $150.40. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.86 and a current ratio of 1.22. The firm has a market cap of $17,042.51, a PE ratio of 23.82, a P/E/G ratio of 2.47 and a beta of 0.31.
Clorox (NYSE:CLX) last announced its quarterly earnings data on Friday, February 2nd. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.01. Clorox had a net margin of 13.21% and a return on equity of 126.70%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the company earned $1.14 EPS. Clorox’s revenue was up .7% compared to the same quarter last year. analysts forecast that Clorox Co will post 6.23 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Wednesday, April 25th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Tuesday, April 24th. This is a boost from Clorox’s previous quarterly dividend of $0.84. Clorox’s dividend payout ratio is currently 55.45%.
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Clorox Company Profile
The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.
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