The Clorox Company (NYSE:CLX) Shares Sold by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP cut its holdings in The Clorox Company (NYSE:CLX) by 0.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,770 shares of the company’s stock after selling 101 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in Clorox were worth $2,561,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wealth Group Ltd. purchased a new stake in shares of Clorox in the third quarter valued at about $231,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Clorox by 256.4% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,112 shares of the company’s stock worth $181,000 after purchasing an additional 800 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in Clorox in the 3rd quarter valued at approximately $214,000. Koshinski Asset Management Inc. grew its holdings in Clorox by 22.6% during the 3rd quarter. Koshinski Asset Management Inc. now owns 4,402 shares of the company’s stock valued at $717,000 after buying an additional 811 shares during the last quarter. Finally, Fiduciary Alliance LLC acquired a new stake in Clorox during the 3rd quarter valued at $240,000. 78.53% of the stock is owned by institutional investors and hedge funds.

Clorox Stock Performance

Shares of CLX stock opened at $148.47 on Wednesday. The company’s fifty day simple moving average is $160.68 and its 200-day simple moving average is $159.16. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 20.52. The Clorox Company has a 52 week low of $127.60 and a 52 week high of $171.37. The company has a market cap of $18.38 billion, a PE ratio of 40.56, a P/E/G ratio of 2.52 and a beta of 0.42.

Clorox (NYSE:CLX) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.55 EPS for the quarter, beating the consensus estimate 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 period last year, the firm earned $2.16 EPS. As a group, equities research analysts anticipate that The Clorox Company will post 7.15 EPS for the current year.

Clorox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Wednesday, January 29th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Wednesday, January 29th. Clorox’s dividend payout ratio (DPR) is presently 133.33%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CLX shares. TD Cowen upgraded Clorox from a “sell” rating to a “hold” rating and upped their price objective for the company from $155.00 to $170.00 in a research report on Wednesday, November 6th. Barclays boosted their target price on shares of Clorox from $130.00 to $140.00 and gave the company an “underweight” rating in a research note on Wednesday, February 5th. StockNews.com cut shares of Clorox from a “buy” rating to a “hold” rating in a research note on Sunday, January 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 price objective on shares of Clorox in a research report on Thursday, January 30th. Finally, Evercore ISI raised their target price on shares of Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Clorox currently has an average rating of “Hold” and a consensus target price of $158.21.

About Clorox

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.