7,442 The Clorox Company $CLX Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC boosted its position in The Clorox Company (NYSE:CLX) by 281.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 10,085 shares of the company’s stock after purchasing an additional 7,442 shares during the period. Chicago Partners Investment Group LLC’s holdings in Clorox were worth $871,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CLX. Putney Financial Group LLC purchased a new stake in Clorox in the 3rd quarter worth approximately $32,000. First Nebraska Trust Co acquired a new position in shares of Clorox in the 3rd quarter valued at $4,653,000. Eads & Heald Wealth Management boosted its holdings in Clorox by 9.5% during the third quarter. Eads & Heald Wealth Management now owns 5,464 shares of the company’s stock worth $443,000 after buying an additional 472 shares in the last quarter. XML Financial LLC grew its position in shares of Clorox by 3.8% during the 3rd quarter. XML Financial LLC now owns 8,475 shares of the company’s stock valued at $687,000 after acquiring an additional 310 shares during the period. Finally, Landaas & Co. WI ADV acquired a new position in Clorox in the 3rd quarter worth about $320,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Insider Buying and Selling

In other Clorox news, Director Pierre Breber bought 4,000 shares of Clorox stock in a transaction that occurred on Wednesday, November 4th. The shares were purchased at an average cost of $100.06 per share, for a total transaction of $400,240.00. Following the completion of the transaction, the director owned 22,000 shares of the company’s stock, valued at $2,201,320. This represents a 22.22% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

CLX has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $95.00 price objective on shares of Clorox in a report on Monday, October 19th. TD Cowen reaffirmed a “hold” rating on shares of Clorox in a research note on Tuesday, November 3rd. Jefferies Financial Group cut shares of Clorox from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $125.00 to $98.00 in a research report on Tuesday, July 28th. JPMorgan Chase & Co. raised their price target on Clorox from $83.00 to $86.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 3rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Clorox in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $93.79.

Clorox Price Performance

Shares of NYSE CLX opened at $106.36 on Wednesday. The company’s 50-day moving average price is $87.93 and its 200 day moving average price is $99.61. The stock has a market cap of $12.89 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 3.34 and a beta of 0.59. The Clorox Company has a 52 week low of $79.12 and a 52 week high of $128.90. The company has a current ratio of 0.65, a quick ratio of 0.39 and a debt-to-equity ratio of 32.91.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Monday, November 2nd. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.48. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.88 billion. Clorox had a return on equity of 608.30% and a net margin of 9.41%. The company’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 EPS. As a group, research analysts forecast that The Clorox Company will post 5.75 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Wednesday, October 28th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, October 28th. Clorox’s payout ratio is presently 89.93%.

About Clorox

The Clorox Company is a consumer products company founded in 1913 and headquartered in Oakland, California. It makes and markets products for household cleaning, food, water filtration, personal care and pet care. Its portfolio includes Clorox disinfecting and cleaning products, Glad trash bags and food-storage products, Kingsford charcoal, Brita water filters, Hidden Valley dressings and sauces, Burt’s Bees personal-care products, and Fresh Step cat litter. The company also sells products under brands such as Pine-Sol and Liquid-Plumr.