Stone Ridge Asset Management LLC bought a new stake in The Clorox Company (NYSE:CLX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,532 shares of the company’s stock, valued at approximately $1,567,000.
Other hedge funds have also recently made changes to their positions in the company. Prime Capital Investment Advisors LLC purchased a new stake in shares of The Clorox in the fourth quarter valued at about $123,000. Nicholas Hoffman & Company LLC. purchased a new stake in The Clorox during the fourth quarter worth about $201,000. Private Asset Management Inc. purchased a new stake in The Clorox during the fourth quarter worth about $208,000. Lourd Capital LLC purchased a new stake in The Clorox during the fourth quarter worth about $210,000. Finally, ZWJ Investment Counsel Inc. purchased a new stake in The Clorox during the fourth quarter worth about $216,000. Institutional investors own 75.71% of the company’s stock.
CLX stock opened at $128.51 on Friday. The company has a market cap of $16,828.99, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 2.69 and a beta of 0.35. The Clorox Company has a one year low of $123.64 and a one year high of $150.40. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 2.35.
The Clorox (NYSE:CLX) last issued its earnings results on Friday, February 2nd. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.22 by $0.01. The Clorox had a net margin of 13.21% and a return on equity of 126.70%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm earned $1.14 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. analysts anticipate that The Clorox Company will post 5.67 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Wednesday, April 25th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 2.99%. This is an increase from The Clorox’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Tuesday, April 24th. The Clorox’s payout ratio is presently 62.80%.
A number of analysts recently issued reports on the stock. Jefferies Group restated a “hold” rating and set a $130.00 price objective on shares of The Clorox in a report on Wednesday, December 13th. Wells Fargo reiterated a “hold” rating and set a $130.00 target price on shares of The Clorox in a research report on Wednesday, December 13th. Deutsche Bank started coverage on shares of The Clorox in a research report on Wednesday, December 13th. They issued a “hold” rating and a $142.00 price objective for the company. Zacks Investment Research upgraded shares of The Clorox from a “hold” rating to a “buy” rating and set a $163.00 price objective for the company in a research report on Monday, January 8th. Finally, Bank of America upgraded shares of The Clorox from an “underperform” rating to a “neutral” rating and set a $155.00 price objective for the company in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $132.18.
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About The Clorox
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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