The Clorox Company (NYSE:CLX) Shares Sold by Alerus Financial NA

Alerus Financial NA lessened its holdings in shares of The Clorox Company (NYSE:CLX) by 2.5% during the 4th quarter, Holdings Channel reports. The firm owned 56,056 shares of the company’s stock after selling 1,436 shares during the period. Alerus Financial NA’s holdings in Clorox were worth $9,104,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CLX. Thrivent Financial for Lutherans increased its stake in shares of Clorox by 2.7% during the third quarter. Thrivent Financial for Lutherans now owns 9,091 shares of the company’s stock worth $1,481,000 after buying an additional 236 shares during the period. Daiwa Securities Group Inc. increased its holdings in Clorox by 2.9% in the third quarter. Daiwa Securities Group Inc. now owns 15,240 shares of the company’s stock valued at $2,483,000 after buying an additional 426 shares during the last quarter. FMR LLC lifted its holdings in Clorox by 27.6% during the 3rd quarter. FMR LLC now owns 776,232 shares of the company’s stock worth $126,456,000 after buying an additional 168,111 shares during the last quarter. Townsquare Capital LLC acquired a new stake in shares of Clorox during the 3rd quarter worth about $363,000. Finally, CreativeOne Wealth LLC purchased a new stake in Clorox during the third quarter worth approximately $213,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Clorox Price Performance

Shares of NYSE:CLX opened at $145.70 on Friday. The Clorox Company has a 12 month low of $127.60 and a 12 month high of $171.37. The firm has a market capitalization of $17.95 billion, a price-to-earnings ratio of 39.81, a price-to-earnings-growth ratio of 2.62 and a beta of 0.45. The business’s 50 day simple moving average is $151.62 and its 200-day simple moving average is $159.22. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.60.

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 net margin of 6.38% and a return on equity of 316.87%. During the same quarter in the previous year, the company earned $2.16 earnings per share. As a group, equities analysts forecast that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be given a $1.22 dividend. 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 dividend payout ratio is presently 133.33%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Evercore ISI raised their price objective on shares of Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. Wells Fargo & Company boosted their price target on shares of Clorox from $157.00 to $161.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. raised their price objective on Clorox from $171.00 to $173.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Barclays dropped their price target on Clorox from $140.00 to $139.00 and set an “underweight” rating on the stock in a research note on Thursday. Finally, StockNews.com lowered shares of Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. Three equities research 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’s stock. According to MarketBeat, Clorox has a consensus rating of “Hold” and an average price target of $159.50.

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.