Isthmus Partners LLC Purchases 1,578 Shares of The Clorox Company (NYSE:CLX)

Isthmus Partners LLC grew its position in The Clorox Company (NYSE:CLX) by 3.9% during the second quarter, HoldingsChannel reports. The firm owned 41,754 shares of the company’s stock after buying an additional 1,578 shares during the period. Isthmus Partners LLC’s holdings in The Clorox were worth $7,512,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Nicholas Hoffman & Company LLC. bought a new stake in shares of The Clorox in the 2nd quarter valued at $223,000. Pinnacle Wealth Management Advisory Group LLC boosted its stake in The Clorox by 5.5% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,819 shares of the company’s stock worth $687,000 after acquiring an additional 200 shares in the last quarter. Whalerock Point Partners LLC bought a new position in The Clorox during the second quarter worth $209,000. Pinnacle Wealth Management Group Inc. bought a new position in The Clorox during the second quarter worth $679,000. Finally, Empirical Finance LLC boosted its stake in The Clorox by 16.9% during the second quarter. Empirical Finance LLC now owns 1,498 shares of the company’s stock worth $270,000 after acquiring an additional 217 shares in the last quarter. 77.77% of the stock is currently owned by institutional investors.

Shares of CLX stock traded down $1.52 on Wednesday, hitting $170.72. The stock had a trading volume of 26,686 shares, compared to its average volume of 1,549,624. The Clorox Company has a 12-month low of $159.32 and a 12-month high of $231.11. The business has a 50 day moving average of $173.34 and a 200 day moving average of $180.04. The company has a debt-to-equity ratio of 4.20, a current ratio of 0.89 and a quick ratio of 0.52. The stock has a market cap of $20.97 billion, a price-to-earnings ratio of 31.09, a price-to-earnings-growth ratio of 4.37 and a beta of 0.21.

The Clorox (NYSE:CLX) last posted its quarterly earnings data on Tuesday, August 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.34). The Clorox had a return on equity of 94.42% and a net margin of 9.67%. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the business posted $2.41 EPS. The business’s quarterly revenue was down 9.1% on a year-over-year basis. As a group, research analysts expect that The Clorox Company will post 5.54 earnings per share for the current fiscal year.

Several research analysts recently issued reports on the stock. Royal Bank of Canada cut their target price on shares of The Clorox from $200.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 4th. Deutsche Bank Aktiengesellschaft cut their target price on shares of The Clorox from $192.00 to $153.00 and set a “hold” rating on the stock in a research note on Wednesday, August 4th. Atlantic Securities downgraded shares of The Clorox from an “overweight” rating to a “neutral” rating and set a $150.00 price objective on the stock. in a report on Wednesday, August 4th. Wells Fargo & Company lowered their price objective on shares of The Clorox from $170.00 to $155.00 and set an “underweight” rating on the stock in a report on Wednesday, August 4th. Finally, DA Davidson lowered their price objective on shares of The Clorox from $177.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, August 4th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $182.44.

The Clorox Profile

The Clorox Co engages in the manufacture and marketing of consumer and professional products. It operates through the following business segments: Cleaning, Lifestyle, Household, and International. The Cleaning segment consists of laundry, home care, and professional products marketed and sold in the United States.

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Institutional Ownership by Quarter for The Clorox (NYSE:CLX)

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