Evermay Wealth Management LLC purchased a new stake in Clorox Co (NYSE:CLX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,365 shares of the company’s stock, valued at approximately $205,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Wealth Management LLC bought a new stake in Clorox during the 2nd quarter worth approximately $105,000. Fort L.P. bought a new stake in Clorox during the 2nd quarter worth approximately $129,000. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in Clorox during the 3rd quarter worth approximately $130,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Clorox by 1,297.4% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,621 shares of the company’s stock worth $148,000 after acquiring an additional 1,505 shares during the period. Finally, Legacy Advisors LLC bought a new stake in Clorox during the 3rd quarter worth approximately $150,000. 78.38% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on the stock. Wells Fargo & Co upped their target price on shares of Clorox from $135.00 to $145.00 and gave the stock a “market perform” rating in a report on Wednesday, October 17th. Deutsche Bank lowered shares of Clorox from a “hold” rating to a “sell” rating and set a $123.00 target price on the stock. in a report on Wednesday, October 10th. Barclays set a $131.00 target price on shares of Clorox and gave the stock a “hold” rating in a report on Saturday, October 6th. Zacks Investment Research lowered shares of Clorox from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Finally, Argus raised shares of Clorox from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a report on Tuesday, September 25th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $138.29.
Shares of NYSE:CLX traded up $2.33 during trading on Monday, reaching $150.15. The company had a trading volume of 4,438 shares, compared to its average volume of 1,041,253. The firm has a market capitalization of $18.88 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 3.53 and a beta of 0.36. Clorox Co has a 12 month low of $113.57 and a 12 month high of $155.23. The company has a debt-to-equity ratio of 3.15, a current ratio of 1.09 and a quick ratio of 0.67.
Clorox (NYSE:CLX) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.08. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.72 billion. Clorox had a net margin of 13.44% and a return on equity of 103.18%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.53 EPS. As a group, equities research analysts expect that Clorox Co will post 6.41 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Wednesday, October 31st will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Tuesday, October 30th. Clorox’s payout ratio is 61.34%.
The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Cleaning, Household, Lifestyle, and International. The company offers laundry additives, including bleach products under the Clorox brand, as well as Clorox 2 stain fighter and color booster; home care products primarily under the Clorox, Formula 409, Liquid-Plumr, Pine-Sol, S.O.S, and Tilex brands; naturally derived products under the Green Works brand; and professional cleaning, disinfecting, and food service products under the Clorox, Dispatch, HealthLink, Clorox Healthcare, Hidden Valley, KC Masterpiece, and Soy Vay brands.
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