AssuredPartners Investment Advisors LLC Makes New Investment in The Clorox Company (NYSE:CLX)

AssuredPartners Investment Advisors LLC acquired a new stake in The Clorox Company (NYSE:CLX) in the fourth quarter, HoldingsChannel reports. The firm acquired 3,996 shares of the company’s stock, valued at approximately $649,000.

Several other institutional investors and hedge funds have also modified their holdings of CLX. NEOS Investment Management LLC boosted its holdings in shares of Clorox by 27.7% during the fourth quarter. NEOS Investment Management LLC now owns 5,715 shares of the company’s stock worth $928,000 after purchasing an additional 1,241 shares during the last quarter. UniSuper Management Pty Ltd lifted its position in Clorox by 4.1% during the fourth quarter. UniSuper Management Pty Ltd now owns 72,246 shares of the company’s stock worth $11,733,000 after buying an additional 2,824 shares during the period. Sava Infond d.o.o. purchased a new stake in Clorox in the 4th quarter valued at about $283,000. Elo Mutual Pension Insurance Co increased its stake in shares of Clorox by 21.4% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 13,396 shares of the company’s stock valued at $2,176,000 after acquiring an additional 2,365 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Clorox by 5.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 229,291 shares of the company’s stock worth $37,349,000 after acquiring an additional 11,953 shares during the period. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

CLX has been the subject of several research analyst reports. DA Davidson dropped their price target on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. lifted their target price on Clorox from $171.00 to $173.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Royal Bank of Canada restated a “sector perform” rating and set a $150.00 price target on shares of Clorox in a research note on Thursday, January 30th. Barclays decreased their target price on Clorox from $140.00 to $139.00 and set an “underweight” rating for the company in a report on Thursday. Finally, StockNews.com downgraded shares of Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $159.50.

Clorox Price Performance

Shares of CLX stock opened at $145.70 on Friday. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 20.52. The company has a market capitalization of $17.95 billion, a PE ratio of 39.81, a price-to-earnings-growth ratio of 2.62 and a beta of 0.45. The firm has a fifty day simple moving average of $151.62 and a 200-day simple moving average of $159.22.

Clorox (NYSE:CLX) last announced its earnings results on Monday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.16. Clorox had a return on equity of 316.87% and a net margin of 6.38%. During the same quarter last year, the business earned $2.16 EPS. Equities research analysts anticipate that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd 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 3.35%. The ex-dividend date of this dividend is Wednesday, April 23rd. Clorox’s payout ratio is currently 133.33%.

Clorox 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.