Clorox (NYSE:CLX) Director Acquires 4,000 Shares of Company Stock

The Clorox Company (NYSE:CLX) Director Pierre Breber bought 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was purchased at an average price of $100.06 per share, for a total transaction of $400,240.00. Following the transaction, the director owned 22,000 shares of the company’s stock, valued at approximately $2,201,320. This represents a 22.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Clorox Price Performance

Shares of NYSE:CLX traded up $0.48 during trading on Thursday, reaching $99.64. The stock had a trading volume of 2,477,362 shares, compared to its average volume of 2,665,551. The company has a debt-to-equity ratio of 32.91, a quick ratio of 0.38 and a current ratio of 0.65. The Clorox Company has a 1-year low of $79.12 and a 1-year high of $128.90. The stock has a market cap of $12.05 billion, a PE ratio of 17.92, a PEG ratio of 3.09 and a beta of 0.59. The business has a fifty day moving average price of $87.88 and a 200-day moving average price of $99.77.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Monday, November 2nd. The company reported $1.55 EPS for the quarter, beating 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 firm’s revenue was up 33.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. On average, equities analysts forecast that The Clorox Company will post 5.75 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Wednesday, October 28th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Wednesday, October 28th. Clorox’s dividend payout ratio is 89.93%.

Institutional Investors Weigh In On Clorox

Several hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in shares of Clorox by 11.8% in the 2nd quarter. NewEdge Advisors LLC now owns 75,135 shares of the company’s stock valued at $7,171,000 after buying an additional 7,956 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Clorox during the 2nd quarter valued at approximately $3,277,000. Corient Private Wealth LP purchased a new stake in shares of Clorox during the 2nd quarter valued at approximately $6,621,000. Bank of America Corp DE lifted its holdings in Clorox by 6.1% in the first quarter. Bank of America Corp DE now owns 1,405,774 shares of the company’s stock valued at $145,680,000 after acquiring an additional 80,618 shares during the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in Clorox by 3,309.3% in the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 186,316 shares of the company’s stock valued at $15,093,000 after acquiring an additional 180,851 shares during the last quarter. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CLX has been the topic of several research reports. The Goldman Sachs Group reissued a “sell” rating and issued a $74.00 price target on shares of Clorox in a research note on Tuesday. Wells Fargo & Company increased their price objective on shares of Clorox from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday. Zacks Research downgraded shares of Clorox from a “hold” rating to a “strong sell” rating in a report on Thursday, October 29th. Citigroup decreased their target price on shares of Clorox from $97.00 to $90.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 14th. Finally, Morgan Stanley boosted their target price on Clorox from $87.00 to $94.00 and gave the stock an “equal weight” rating in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $93.79.

Clorox Company Profile

The Clorox Company, founded in 1913 and headquartered in Oakland, California, is a consumer and professional products company. It began with household bleach and has expanded into a portfolio of brands serving cleaning, household, personal care, food, and professional markets.

Its brands include Clorox disinfecting and cleaning products, Pine-Sol cleaners, Liquid-Plumr drain care, Kingsford charcoal, Fresh Step and Scoop Away cat litter, Hidden Valley dressings and dips, Brita water filtration products, and Burt’s Bees personal care items.