1,152 Shares in The Clorox Company (NYSE:CLX) Acquired by SL Advisors LLC

SL Advisors LLC acquired a new stake in The Clorox Company (NYSE:CLX) during the third quarter, according to its most recent filing with the SEC. The firm acquired 1,152 shares of the company’s stock, valued at approximately $188,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fiduciary Group LLC boosted its holdings in Clorox by 0.4% in the second quarter. Fiduciary Group LLC now owns 19,050 shares of the company’s stock valued at $2,600,000 after acquiring an additional 72 shares during the last quarter. GHP Investment Advisors Inc. lifted its position in Clorox by 2.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 3,634 shares of the company’s stock valued at $496,000 after purchasing an additional 72 shares during the period. SPC Financial Inc. boosted its stake in shares of Clorox by 2.2% in the 2nd quarter. SPC Financial Inc. now owns 3,485 shares of the company’s stock valued at $476,000 after purchasing an additional 75 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Clorox by 17.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock worth $83,000 after buying an additional 75 shares during the period. Finally, Mesirow Financial Investment Management Inc. raised its stake in shares of Clorox by 5.1% during the second quarter. Mesirow Financial Investment Management Inc. now owns 1,702 shares of the company’s stock worth $233,000 after buying an additional 83 shares during the last quarter. 78.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CLX shares. Jefferies Financial Group raised shares of Clorox from a “hold” rating to a “buy” rating and raised their price objective for the company from $174.00 to $187.00 in a research note on Tuesday, October 1st. Citigroup raised their price target on Clorox from $165.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Barclays upped their price objective on Clorox from $122.00 to $130.00 and gave the company an “underweight” rating in a report on Monday, August 5th. Wells Fargo & Company cut their target price on Clorox from $135.00 to $130.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. Finally, BNP Paribas upgraded Clorox to a “strong sell” rating in a research report on Friday, September 6th. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Clorox currently has a consensus rating of “Hold” and a consensus price target of $146.13.

Clorox Stock Down 0.5 %

Shares of CLX stock opened at $159.81 on Wednesday. The Clorox Company has a 12-month low of $114.68 and a 12-month high of $169.09. The company has a quick ratio of 0.63, a current ratio of 1.03 and a debt-to-equity ratio of 5.04. The firm has a fifty day moving average of $155.44 and a 200-day moving average of $144.48. The company has a market capitalization of $19.85 billion, a price-to-earnings ratio of 82.80, a P/E/G ratio of 3.31 and a beta of 0.41.

Clorox (NYSE:CLX) last released its earnings results on Thursday, August 1st. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.28. Clorox had a return on equity of 281.12% and a net margin of 3.95%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.97 billion. As a group, equities research analysts predict that The Clorox Company will post 6.63 earnings per share for the current fiscal year.

Clorox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Wednesday, October 23rd will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Wednesday, October 23rd. Clorox’s dividend payout ratio is presently 252.85%.

Insider Buying and Selling at Clorox

In other news, EVP Angela C. Hilt sold 1,733 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $165.52, for a total transaction of $286,846.16. Following the completion of the transaction, the executive vice president now directly owns 13,471 shares of the company’s stock, valued at $2,229,719.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.51% of the company’s stock.

About Clorox

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.