Clorox (NYSE:CLX) Director Purchases $400,240.00 in Stock

The Clorox Company (NYSE:CLX) Director Pierre Breber acquired 4,000 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was purchased at an average price of $100.06 per share, for a total transaction of $400,240.00. Following the completion of the transaction, the director directly owned 22,000 shares in the company, valued at approximately $2,201,320. The trade was a 22.22% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Clorox Stock Up 0.1%

NYSE CLX opened at $99.80 on Friday. The stock has a market capitalization of $12.09 billion, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 3.15 and a beta of 0.59. The Clorox Company has a 52 week low of $79.12 and a 52 week high of $128.90. The company has a debt-to-equity ratio of 32.91, a quick ratio of 0.38 and a current ratio of 0.65. The stock has a fifty day moving average of $87.71 and a 200-day moving average of $99.67.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Monday, November 2nd. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.48. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.88 billion. Clorox had a return on equity of 608.30% and a net margin of 9.41%. The firm’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share. On average, equities research analysts forecast that The Clorox Company will post 5.75 EPS for the current year.

Clorox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Wednesday, October 28th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, October 28th. Clorox’s payout ratio is currently 89.93%.

Hedge Funds Weigh In On Clorox

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its holdings in shares of Clorox by 9.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,402 shares of the company’s stock worth $145,000 after purchasing an additional 119 shares during the last quarter. Elevation Wealth Partners LLC grew its position in shares of Clorox by 32.3% in the third quarter. Elevation Wealth Partners LLC now owns 565 shares of the company’s stock valued at $46,000 after purchasing an additional 138 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of Clorox by 83.8% in the first quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock valued at $33,000 after purchasing an additional 145 shares during the last quarter. Eastern Bank increased its holdings in shares of Clorox by 3.1% in the third quarter. Eastern Bank now owns 5,052 shares of the company’s stock valued at $409,000 after purchasing an additional 150 shares during the last quarter. Finally, Mystic Asset Management Inc. lifted its position in Clorox by 1.3% during the third quarter. Mystic Asset Management Inc. now owns 12,112 shares of the company’s stock worth $981,000 after buying an additional 153 shares in the last quarter. Institutional investors own 78.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CLX shares. Wells Fargo & Company raised their target price on shares of Clorox from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday. Wall Street Zen raised shares of Clorox from a “sell” rating to a “hold” rating in a research note on Saturday. The Goldman Sachs Group restated a “sell” rating and issued a $74.00 price objective on shares of Clorox in a report on Tuesday. Zacks Research cut shares of Clorox from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 29th. Finally, Jefferies Financial Group lowered shares of Clorox from a “buy” rating to a “hold” rating and lowered their target price for the stock from $125.00 to $98.00 in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $93.79.

Clorox Company Profile

The Clorox Company is a consumer products company founded in 1913 and headquartered in Oakland, California. It makes and markets products for household cleaning, food, water filtration, personal care and pet care.

Its portfolio includes Clorox disinfecting and cleaning products, Glad trash bags and food-storage products, Kingsford charcoal, Brita water filters, Hidden Valley dressings and sauces, Burt’s Bees personal-care products, and Fresh Step cat litter. The company also sells products under brands such as Pine-Sol and Liquid-Plumr.

Clorox serves consumers primarily in the United States and also sells products in international markets.