Nordea Investment Management AB Decreases Position in The Clorox Company $CLX

Nordea Investment Management AB lessened its position in The Clorox Company (NYSE:CLX) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 451,114 shares of the company’s stock after selling 17,847 shares during the period. Nordea Investment Management AB’s holdings in Clorox were worth $45,626,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CLX. Total Investment Management Inc. bought a new stake in shares of Clorox during the second quarter valued at approximately $25,000. Center for Financial Planning Inc. bought a new position in Clorox in the 3rd quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Clorox during the 3rd quarter valued at $25,000. True Wealth Design LLC boosted its stake in Clorox by 1,020.0% during the 3rd quarter. True Wealth Design LLC now owns 224 shares of the company’s stock valued at $28,000 after purchasing an additional 204 shares during the last quarter. Finally, Root Financial Partners LLC bought a new stake in shares of Clorox in the 3rd quarter worth $29,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Wall Street Analyst Weigh In

CLX has been the topic of a number of research analyst reports. Morgan Stanley upped their price target on Clorox from $125.00 to $136.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Rothschild & Co Redburn set a $117.00 price objective on Clorox in a report on Friday, February 13th. Wall Street Zen raised Clorox from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. JPMorgan Chase & Co. upped their target price on shares of Clorox from $114.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Finally, Citigroup raised their price target on shares of Clorox from $109.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $118.73.

Clorox Stock Performance

Shares of CLX opened at $105.77 on Tuesday. The firm has a market capitalization of $12.79 billion, a P/E ratio of 17.28, a PEG ratio of 0.52 and a beta of 0.59. The company has a debt-to-equity ratio of 71.03, a current ratio of 0.74 and a quick ratio of 0.48. The Clorox Company has a one year low of $96.66 and a one year high of $150.84. The business has a fifty day moving average of $116.24 and a 200 day moving average of $112.78.

Clorox (NYSE:CLX) last posted its earnings results on Tuesday, February 3rd. The company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.04). The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $1.55 EPS. As a group, sell-side analysts anticipate that The Clorox Company will post 7.15 EPS for the current year.

Clorox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Wednesday, April 22nd will be issued a $1.24 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.7%. Clorox’s dividend payout ratio (DPR) is presently 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.