Clorox Co (NYSE:CLX) CEO Benno O. Dorer sold 152,449 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $164.83, for a total value of $25,128,168.67. Following the transaction, the chief executive officer now directly owns 111,735 shares in the company, valued at $18,417,280.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Clorox stock traded up $0.13 during trading on Thursday, reaching $163.76. 1,082,118 shares of the stock were exchanged, compared to its average volume of 1,185,431. The company has a current ratio of 1.07, a quick ratio of 0.65 and a debt-to-equity ratio of 3.38. The firm has a market cap of $20.89 billion, a P/E ratio of 26.16, a P/E/G ratio of 4.02 and a beta of 0.30. Clorox Co has a 1 year low of $113.57 and a 1 year high of $167.70.
Clorox (NYSE:CLX) last posted its earnings results on Wednesday, October 31st. The company reported $1.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.03. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.53 billion. Clorox had a net margin of 13.59% and a return on equity of 102.65%. Clorox’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.46 earnings per share. Research analysts forecast that Clorox Co will post 6.31 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of CLX. Parnassus Investments CA lifted its holdings in Clorox by 1.6% in the second quarter. Parnassus Investments CA now owns 4,711,970 shares of the company’s stock worth $637,294,000 after buying an additional 76,149 shares during the period. Morgan Stanley lifted its holdings in Clorox by 178.2% in the third quarter. Morgan Stanley now owns 3,063,813 shares of the company’s stock worth $460,828,000 after buying an additional 1,962,433 shares during the period. Macquarie Group Ltd. lifted its holdings in Clorox by 437,400.0% in the second quarter. Macquarie Group Ltd. now owns 1,750,000 shares of the company’s stock worth $236,688,000 after buying an additional 1,749,600 shares during the period. Bank of New York Mellon Corp lifted its holdings in Clorox by 15.1% in the third quarter. Bank of New York Mellon Corp now owns 1,664,803 shares of the company’s stock worth $250,403,000 after buying an additional 218,364 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in Clorox by 57.0% in the second quarter. Schroder Investment Management Group now owns 1,506,358 shares of the company’s stock worth $201,641,000 after buying an additional 547,070 shares during the period. Institutional investors own 77.96% of the company’s stock.
A number of brokerages have recently issued reports on CLX. Bank of America reaffirmed a “neutral” rating and set a $170.00 price objective (up from $150.00) on shares of Clorox in a research note on Thursday. Zacks Investment Research cut Clorox from a “hold” rating to a “sell” rating in a research note on Monday. Citigroup raised their price objective on Clorox from $153.00 to $169.00 and gave the company a “hold” rating in a research note on Tuesday, November 20th. BMO Capital Markets raised their price objective on Clorox from $153.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, November 2nd. Finally, Barclays set a $138.00 price objective on Clorox and gave the company a “hold” rating in a research note on Thursday, November 1st. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $144.93.
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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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