Perigon Wealth Management LLC Takes Position in The Clorox Company (NYSE:CLX)

Perigon Wealth Management LLC acquired a new stake in The Clorox Company (NYSE:CLXGet Rating) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,545 shares of the company’s stock, valued at approximately $218,000.

Other institutional investors have also modified their holdings of the company. Tcwp LLC acquired a new stake in shares of Clorox in the first quarter valued at $30,000. Heritage Financial Services LLC purchased a new stake in shares of Clorox during the second quarter valued at $30,000. Curi Wealth Management LLC lifted its holdings in shares of Clorox by 64.5% during the second quarter. Curi Wealth Management LLC now owns 227 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in shares of Clorox by 51.9% during the second quarter. Newbridge Financial Services Group Inc. now owns 234 shares of the company’s stock valued at $33,000 after purchasing an additional 80 shares during the last quarter. Finally, Atticus Wealth Management LLC lifted its holdings in shares of Clorox by 93.0% during the second quarter. Atticus Wealth Management LLC now owns 249 shares of the company’s stock valued at $35,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 81.69% of the company’s stock.

Clorox Stock Performance

Shares of CLX stock opened at $149.11 on Thursday. The company has a debt-to-equity ratio of 4.99, a current ratio of 0.88 and a quick ratio of 0.50. The Clorox Company has a fifty-two week low of $120.50 and a fifty-two week high of $186.86. The stock’s 50-day moving average is $138.65 and its two-hundred day moving average is $141.61. The firm has a market cap of $18.40 billion, a P/E ratio of 45.74, a PEG ratio of 3.12 and a beta of 0.31.

Clorox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 10th. Shareholders of record on Wednesday, January 25th will be given a $1.18 dividend. This represents a $4.72 annualized dividend and a yield of 3.17%. The ex-dividend date is Tuesday, January 24th. Clorox’s payout ratio is currently 144.79%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. UBS Group upped their target price on Clorox from $119.00 to $129.00 and gave the company a “sell” rating in a report on Wednesday, November 2nd. Deutsche Bank Aktiengesellschaft upped their target price on Clorox from $138.00 to $148.00 and gave the company a “hold” rating in a report on Wednesday, November 2nd. Morgan Stanley upped their price target on Clorox from $130.00 to $142.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 2nd. Credit Suisse Group upped their price target on Clorox from $130.00 to $135.00 and gave the company an “underperform” rating in a research report on Wednesday, November 2nd. Finally, StockNews.com began coverage on Clorox in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Ten analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $135.08.

Clorox Profile

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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.

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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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