The Clorox Company (NYSE:CLX) Shares Bought by Investment House LLC

Investment House LLC raised its holdings in The Clorox Company (NYSE:CLX) by 59.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,160 shares of the company’s stock after buying an additional 1,550 shares during the period. Investment House LLC’s holdings in Clorox were worth $568,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in shares of Clorox by 3,665.3% during the fourth quarter. International Assets Investment Management LLC now owns 102,718 shares of the company’s stock worth $14,647,000 after purchasing an additional 99,990 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in Clorox in the 4th quarter valued at about $1,069,000. Daiwa Securities Group Inc. increased its position in Clorox by 11.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 11,449 shares of the company’s stock valued at $1,633,000 after acquiring an additional 1,139 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in Clorox by 106.6% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 312 shares of the company’s stock valued at $44,000 after acquiring an additional 161 shares during the period. Finally, Federated Hermes Inc. increased its position in Clorox by 483.8% in the 4th quarter. Federated Hermes Inc. now owns 27,696 shares of the company’s stock valued at $3,949,000 after acquiring an additional 22,952 shares during the period. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Clorox Trading Down 0.5 %

Shares of CLX stock traded down $0.72 on Wednesday, reaching $150.62. 826,368 shares of the stock were exchanged, compared to its average volume of 1,261,313. The stock has a market cap of $18.71 billion, a P/E ratio of 78.46, a price-to-earnings-growth ratio of 1.97 and a beta of 0.39. The company has a quick ratio of 0.53, a current ratio of 0.90 and a debt-to-equity ratio of 9.73. The firm has a 50 day moving average of $137.20 and a two-hundred day moving average of $142.36. The Clorox Company has a 1-year low of $114.68 and a 1-year high of $158.89.

Clorox Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.24%. This is an increase from Clorox’s previous quarterly dividend of $1.20. The ex-dividend date is Tuesday, August 13th. Clorox’s dividend payout ratio is presently 252.85%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Argus upgraded Clorox to a “hold” rating in a research report on Tuesday, June 4th. Barclays lifted 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. Citigroup lowered their price objective on Clorox from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Wells Fargo & Company lowered their price objective on Clorox from $135.00 to $130.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Finally, Evercore ISI lowered their price objective on Clorox from $145.00 to $142.00 and set an “underperform” rating on the stock in a report on Wednesday, May 1st. Six analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $141.94.

Clorox Company Profile

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.