Lord Abbett & CO. LLC lifted its stake in shares of Clorox Company (The) (NYSE:CLX) by 20.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 532,617 shares of the company’s stock after purchasing an additional 89,799 shares during the quarter. Lord Abbett & CO. LLC owned about 0.41% of Clorox Company (The) worth $70,966,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Phocas Financial Corp. bought a new stake in Clorox Company (The) in the second quarter worth about $167,000. WFG Advisors LP raised its position in Clorox Company (The) by 7.2% in the second quarter. WFG Advisors LP now owns 1,571 shares of the company’s stock worth $209,000 after acquiring an additional 106 shares in the last quarter. Toronto Dominion Bank raised its position in Clorox Company (The) by 26.0% in the second quarter. Toronto Dominion Bank now owns 43,627 shares of the company’s stock worth $5,811,000 after acquiring an additional 9,009 shares in the last quarter. Cetera Investment Advisers raised its position in Clorox Company (The) by 17.9% in the second quarter. Cetera Investment Advisers now owns 2,627 shares of the company’s stock worth $348,000 after acquiring an additional 399 shares in the last quarter. Finally, Beaton Management Co. Inc. bought a new stake in Clorox Company (The) in the second quarter worth about $320,000. Institutional investors and hedge funds own 71.30% of the company’s stock.
Shares of Clorox Company (NYSE:CLX) traded down 0.41% during midday trading on Friday, hitting $127.34. The company had a trading volume of 372,897 shares. The firm has a market capitalization of $16.44 billion, a P/E ratio of 23.87 and a beta of 0.39. Clorox Company has a 12-month low of $111.24 and a 12-month high of $141.76. The firm’s 50-day moving average is $131.66 and its 200-day moving average is $134.03.
Clorox Company (The) (NYSE:CLX) last posted its earnings results on Thursday, August 3rd. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.04. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. Clorox Company (The) had a return on equity of 190.67% and a net margin of 11.74%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.30 earnings per share. On average, analysts predict that Clorox Company will post $5.64 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Wednesday, October 25th will be given a dividend of $0.84 per share. The ex-dividend date is Tuesday, October 24th. This represents a $3.36 annualized dividend and a dividend yield of 2.63%. Clorox Company (The)’s dividend payout ratio is currently 63.04%.
Several brokerages have commented on CLX. Jefferies Group LLC reiterated a “hold” rating and issued a $137.00 price target (up from $136.00) on shares of Clorox Company (The) in a research report on Wednesday, August 9th. Royal Bank Of Canada reissued a “hold” rating and issued a $115.00 price target on shares of Clorox Company (The) in a research note on Wednesday, August 2nd. BMO Capital Markets set a $150.00 price target on Clorox Company (The) and gave the stock a “buy” rating in a research note on Thursday, August 3rd. BidaskClub raised Clorox Company (The) from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research cut Clorox Company (The) from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Clorox Company (The) presently has a consensus rating of “Hold” and a consensus target price of $127.39.
In related news, COO Dawn C. Willoughby sold 2,158 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $138.00, for a total value of $297,804.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James E. Foster sold 9,861 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $138.51, for a total value of $1,365,847.11. Following the completion of the sale, the executive vice president now owns 22,069 shares in the company, valued at approximately $3,056,777.19. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,242 shares of company stock worth $2,944,449. Company insiders own 1.00% of the company’s stock.
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Clorox Company (The) 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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