HL Financial Services LLC increased its position in Clorox Co (NYSE:CLX) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,739 shares of the company’s stock after buying an additional 425 shares during the quarter. HL Financial Services LLC’s holdings in Clorox were worth $1,766,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CLX. Exeter Financial LLC increased its position in Clorox by 3.9% during the 2nd quarter. Exeter Financial LLC now owns 9,719 shares of the company’s stock valued at $1,314,000 after purchasing an additional 367 shares during the period. Oppenheimer Asset Management Inc. increased its position in Clorox by 1.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 23,638 shares of the company’s stock valued at $3,197,000 after purchasing an additional 383 shares during the period. Global X Management Co LLC increased its position in Clorox by 6.0% during the 2nd quarter. Global X Management Co LLC now owns 6,899 shares of the company’s stock valued at $933,000 after purchasing an additional 391 shares during the period. Spearhead Capital Advisors LLC increased its position in Clorox by 1.6% during the 3rd quarter. Spearhead Capital Advisors LLC now owns 25,798 shares of the company’s stock valued at $3,867,000 after purchasing an additional 403 shares during the period. Finally, Advisor Partners LLC increased its position in Clorox by 10.8% during the 2nd quarter. Advisor Partners LLC now owns 4,172 shares of the company’s stock valued at $564,000 after purchasing an additional 408 shares during the period. 78.35% of the stock is currently owned by institutional investors.

A number of research analysts have issued reports on CLX shares. Zacks Investment Research raised shares of Clorox from a “hold” rating to a “buy” rating and set a $171.00 price objective on the stock in a research report on Wednesday, October 3rd. Deutsche Bank cut shares of Clorox from a “hold” rating to a “sell” rating and set a $123.00 target price on the stock. in a report on Wednesday, October 10th. Argus upgraded shares of Clorox from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a report on Tuesday, September 25th. UBS Group started coverage on shares of Clorox in a report on Wednesday, July 18th. They set a “sell” rating and a $110.00 target price on the stock. Finally, Wells Fargo & Co boosted their target price on shares of Clorox from $135.00 to $145.00 and gave the company a “market perform” rating in a report on Wednesday, October 17th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $141.64.

In related news, SVP Michael R. Costello sold 9,265 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $140.02, for a total value of $1,297,285.30. Following the transaction, the senior vice president now owns 34,293 shares in the company, valued at approximately $4,801,705.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Dawn C. Willoughby sold 54,205 shares of the company’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $157.39, for a total transaction of $8,531,324.95. Following the completion of the transaction, the chief operating officer now owns 37,044 shares in the company, valued at approximately $5,830,355.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,353 shares of company stock worth $14,762,793. Company insiders own 1.40% of the company’s stock.

Shares of CLX stock opened at $158.77 on Friday. Clorox Co has a 12 month low of $113.57 and a 12 month high of $159.17. The firm has a market cap of $20.25 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 3.89 and a beta of 0.28. The company has a current ratio of 1.07, a quick ratio of 0.65 and a debt-to-equity ratio of 3.38.

Clorox (NYSE:CLX) last announced its earnings results on Wednesday, October 31st. The company reported $1.62 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.03. Clorox had a net margin of 13.59% and a return on equity of 102.65%. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the business posted $1.46 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, analysts expect that Clorox Co will post 6.31 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Wednesday, October 31st will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Tuesday, October 30th. Clorox’s dividend payout ratio (DPR) is presently 61.34%.

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About Clorox

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Cleaning, Household, Lifestyle, and International. The company offers laundry additives, including bleach products under the Clorox brand, as well as Clorox 2 stain fighter and color booster; home care products primarily under the Clorox, Formula 409, Liquid-Plumr, Pine-Sol, S.O.S, and Tilex brands; naturally derived products under the Green Works brand; and professional cleaning, disinfecting, and food service products under the Clorox, Dispatch, HealthLink, Clorox Healthcare, Hidden Valley, KC Masterpiece, and Soy Vay brands.

Read More: Price to Earnings Ratio (PE), For Valuing Stocks

Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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