2,000 Shares in The Clorox Company (NYSE:CLX) Bought by R.H. Investment Group LLC

R.H. Investment Group LLC purchased a new stake in shares of The Clorox Company (NYSE:CLX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,000 shares of the company’s stock, valued at approximately $325,000. Clorox makes up 0.3% of R.H. Investment Group LLC’s investment portfolio, making the stock its 28th largest position.

Several other hedge funds have also recently added to or reduced their stakes in the company. Insight Folios Inc increased its position in Clorox by 3.0% during the 3rd quarter. Insight Folios Inc now owns 2,195 shares of the company’s stock valued at $358,000 after buying an additional 63 shares in the last quarter. SPC Financial Inc. grew its stake in shares of Clorox by 2.2% in the second quarter. SPC Financial Inc. now owns 3,485 shares of the company’s stock worth $476,000 after acquiring an additional 75 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of Clorox by 17.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock valued at $83,000 after acquiring an additional 75 shares in the last quarter. Empower Advisory Group LLC increased its holdings in shares of Clorox by 4.5% during the third quarter. Empower Advisory Group LLC now owns 1,823 shares of the company’s stock valued at $297,000 after acquiring an additional 78 shares in the last quarter. Finally, Aviance Capital Partners LLC raised its position in shares of Clorox by 2.7% in the 3rd quarter. Aviance Capital Partners LLC now owns 3,080 shares of the company’s stock worth $502,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Evercore ISI cut their price objective on shares of Clorox from $140.00 to $139.00 and set an “underperform” rating on the stock in a research report on Monday, October 14th. TD Cowen upgraded shares of Clorox from a “sell” rating to a “hold” rating and increased their price target for the company from $155.00 to $170.00 in a report on Wednesday, November 6th. Wells Fargo & Company upgraded shares of Clorox from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $155.00 to $157.00 in a report on Tuesday, January 7th. JPMorgan Chase & Co. upped their price objective on Clorox from $148.00 to $174.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. Finally, StockNews.com lowered Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $157.46.

Clorox Stock Up 0.9 %

CLX stock opened at $158.95 on Wednesday. The company has a market cap of $19.67 billion, a price-to-earnings ratio of 55.38, a P/E/G ratio of 3.04 and a beta of 0.42. The company has a debt-to-equity ratio of 11.08, a quick ratio of 0.62 and a current ratio of 1.00. The business’s 50-day moving average is $164.48 and its two-hundred day moving average is $156.16. The Clorox Company has a fifty-two week low of $127.60 and a fifty-two week high of $171.37.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.50. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Clorox had a net margin of 4.78% and a return on equity of 316.08%. The business’s quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 EPS. As a group, analysts forecast that The Clorox Company will post 6.85 earnings per share for the current year.

Clorox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Wednesday, January 29th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Wednesday, January 29th. Clorox’s payout ratio is 170.03%.

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.