Thompson Investment Management Inc. Invests $2.65 Million in The Clorox Company $CLX

Thompson Investment Management Inc. bought a new stake in The Clorox Company (NYSE:CLX) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 26,314 shares of the company’s stock, valued at approximately $2,653,000.

Several other large investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Clorox by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,380 shares of the company’s stock valued at $1,970,000 after buying an additional 514 shares during the last quarter. Woodline Partners LP lifted its holdings in Clorox by 253.7% during the 1st quarter. Woodline Partners LP now owns 10,407 shares of the company’s stock worth $1,532,000 after buying an additional 7,465 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Clorox in the 2nd quarter worth approximately $224,000. J.W. Cole Advisors Inc. grew its position in shares of Clorox by 25.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 9,328 shares of the company’s stock worth $1,120,000 after acquiring an additional 1,911 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC increased its holdings in shares of Clorox by 5.5% in the 2nd quarter. Elevation Point Wealth Partners LLC now owns 2,172 shares of the company’s stock valued at $261,000 after acquiring an additional 113 shares during the last quarter. Institutional investors own 78.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CLX. Jefferies Financial Group dropped their price target on Clorox from $152.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Citigroup boosted their target price on shares of Clorox from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Clorox from $114.00 to $112.00 and set a “hold” rating on the stock in a report on Wednesday, February 4th. UBS Group raised their price target on shares of Clorox from $115.00 to $121.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, Evercore decreased their price target on shares of Clorox from $132.00 to $115.00 and set an “underperform” rating for the company in a report on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $118.73.

Clorox Stock Performance

Shares of NYSE CLX opened at $101.92 on Monday. The company has a current ratio of 0.74, a quick ratio of 0.48 and a debt-to-equity ratio of 71.03. The stock has a 50 day simple moving average of $115.64 and a 200-day simple moving average of $112.15. The company has a market cap of $12.32 billion, a PE ratio of 16.65, a P/E/G ratio of 0.50 and a beta of 0.59. The Clorox Company has a 12-month low of $96.66 and a 12-month high of $150.84.

Clorox (NYSE:CLX) last posted its earnings results on Tuesday, February 3rd. The company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.04). The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. Clorox had a net margin of 11.17% and a return on equity of 383.01%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.55 earnings per share. On average, equities research analysts forecast that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Wednesday, April 22nd will be issued a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, April 22nd. Clorox’s dividend payout ratio (DPR) is 81.05%.

Clorox Company Profile

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.