The Clorox Company (NYSE:CLX) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its position in shares of The Clorox Company (NYSE:CLX) by 2.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 175,167 shares of the company’s stock after selling 4,176 shares during the period. Principal Financial Group Inc.’s holdings in Clorox were worth $29,010,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Stephenson National Bank & Trust acquired a new position in Clorox during the third quarter worth $33,000. Tompkins Financial Corp acquired a new position in shares of Clorox in the third quarter worth $47,000. Destiny Wealth Partners LLC acquired a new position in shares of Clorox in the third quarter worth $55,000. Eubel Brady & Suttman Asset Management Inc. acquired a new position in shares of Clorox in the second quarter worth $65,000. Finally, Marshall Wace North America L.P. acquired a new position in shares of Clorox in the first quarter worth $65,000. 76.81% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on CLX. Morgan Stanley cut their price target on Clorox from $160.00 to $154.00 and set an “underweight” rating for the company in a report on Wednesday, October 13th. JPMorgan Chase & Co. boosted their price target on Clorox from $147.00 to $157.00 in a report on Thursday. Barclays cut their price target on Clorox from $138.00 to $131.00 and set an “underweight” rating for the company in a report on Wednesday, November 3rd. Wells Fargo & Company boosted their price target on Clorox from $155.00 to $159.00 and gave the stock an “underweight” rating in a report on Tuesday, November 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Clorox from $156.00 to $160.00 and gave the company a “hold” rating in a research report on Tuesday, November 2nd. Seven investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Clorox currently has a consensus rating of “Hold” and an average price target of $170.41.

In other Clorox news, SVP Diego J. Barral sold 240 shares of the business’s stock in a transaction dated Tuesday, November 16th. The stock was sold at an average price of $170.00, for a total transaction of $40,800.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.58% of the stock is currently owned by insiders.

CLX stock opened at $186.60 on Friday. The stock has a 50-day moving average price of $171.51 and a two-hundred day moving average price of $170.33. The Clorox Company has a 12-month low of $156.23 and a 12-month high of $231.11. The company has a current ratio of 0.69, a quick ratio of 0.39 and a debt-to-equity ratio of 3.45. The company has a market cap of $22.93 billion, a PE ratio of 53.93, a price-to-earnings-growth ratio of 4.79 and a beta of 0.21.

Clorox (NYSE:CLX) last posted its quarterly earnings results on Sunday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.18. Clorox had a return on equity of 84.70% and a net margin of 6.04%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the business earned $3.22 earnings per share. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. Equities analysts forecast that The Clorox Company will post 5.46 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 11th. Shareholders of record on Wednesday, January 26th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Tuesday, January 25th. Clorox’s dividend payout ratio (DPR) is presently 134.10%.

Clorox Profile

The Clorox Co engages in the manufacture and marketing of consumer and professional products. It operates through the following business segments: Cleaning, Lifestyle, Household, and International. The Cleaning segment consists of laundry, home care, and professional products marketed and sold in the United States.

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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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