HL Financial Services LLC Boosts Stake in Clorox Company (The) (CLX)

HL Financial Services LLC grew its holdings in shares of Clorox Company (The) (NYSE:CLX) by 29.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,438 shares of the company’s stock after purchasing an additional 2,365 shares during the period. HL Financial Services LLC’s holdings in Clorox Company (The) were worth $1,377,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Shell Asset Management Co. boosted its position in shares of Clorox Company (The) by 102.5% during the 3rd quarter. Shell Asset Management Co. now owns 119,382 shares of the company’s stock valued at $11,465,000 after purchasing an additional 60,427 shares in the last quarter. Synovus Financial Corp boosted its position in shares of Clorox Company (The) by 14.5% during the 2nd quarter. Synovus Financial Corp now owns 8,786 shares of the company’s stock valued at $1,173,000 after purchasing an additional 1,114 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Clorox Company (The) during the 2nd quarter valued at about $2,184,000. Ameriprise Financial Inc. boosted its position in shares of Clorox Company (The) by 24.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,341,272 shares of the company’s stock valued at $178,433,000 after purchasing an additional 265,200 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Clorox Company (The) by 3.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 44,974 shares of the company’s stock valued at $5,992,000 after purchasing an additional 1,399 shares in the last quarter. Institutional investors own 71.54% of the company’s stock.

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Clorox Company (NYSE CLX) traded up $1.37 during midday trading on Friday, hitting $132.05. 718,800 shares of the stock were exchanged, compared to its average volume of 1,096,607. The company has a quick ratio of 0.77, a current ratio of 1.10 and a debt-to-equity ratio of 3.02. The stock has a market capitalization of $17,026.39, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 3.60 and a beta of 0.39. Clorox Company has a 1-year low of $111.77 and a 1-year high of $141.76.

Clorox Company (The) (NYSE:CLX) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.05. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. Clorox Company (The) had a net margin of 11.84% and a return on equity of 161.59%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.36 earnings per share. equities research analysts predict that Clorox Company will post 5.58 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Wednesday, October 25th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Tuesday, October 24th. Clorox Company (The)’s dividend payout ratio (DPR) is 61.88%.

In other news, SVP Jon M. Balousek sold 9,223 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $138.87, for a total value of $1,280,798.01. Following the completion of the sale, the senior vice president now directly owns 20,614 shares of the company’s stock, valued at $2,862,666.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew T. Laszlo sold 20,051 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $130.46, for a total transaction of $2,615,853.46. Following the transaction, the senior vice president now directly owns 10,896 shares in the company, valued at approximately $1,421,492.16. The disclosure for this sale can be found here. Insiders sold 41,293 shares of company stock valued at $5,560,303 over the last three months. 1.00% of the stock is owned by insiders.

Several brokerages have commented on CLX. Jefferies Group LLC reiterated a “hold” rating and issued a $137.00 target price (up from $136.00) on shares of Clorox Company (The) in a report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 target price on shares of Clorox Company (The) in a report on Wednesday, August 2nd. Zacks Investment Research cut shares of Clorox Company (The) from a “buy” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub cut shares of Clorox Company (The) from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Clorox Company (The) in a report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Clorox Company (The) presently has an average rating of “Hold” and an average price target of $128.72.

About Clorox Company (The)

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.

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

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