Bank of New Hampshire Acquires 260 Shares of The Clorox Company (NYSE:CLX)

Bank of New Hampshire raised its position in The Clorox Company (NYSE:CLX) by 14.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,090 shares of the company’s stock after buying an additional 260 shares during the period. Bank of New Hampshire’s holdings in Clorox were worth $298,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. boosted its position in Clorox by 9.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 24,153 shares of the company’s stock valued at $3,444,000 after buying an additional 2,076 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its position in shares of Clorox by 4,257.1% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 610 shares of the company’s stock worth $87,000 after purchasing an additional 596 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Clorox during the fourth quarter worth approximately $119,000. Linden Thomas Advisory Services LLC lifted its position in shares of Clorox by 8.0% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 6,099 shares of the company’s stock worth $870,000 after purchasing an additional 451 shares in the last quarter. Finally, National Wealth Management Group LLC acquired a new position in Clorox in the fourth quarter valued at approximately $407,000. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Clorox from $155.00 to $151.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. The Goldman Sachs Group began coverage on shares of Clorox in a research note on Friday, March 1st. They issued a “sell” rating and a $140.00 price target for the company. JPMorgan Chase & Co. increased their price target on shares of Clorox from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Citigroup cut their target price on shares of Clorox from $165.00 to $155.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $162.00 price target on shares of Clorox in a research report on Wednesday, April 17th. Four research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. Based on data from MarketBeat.com, Clorox presently has an average rating of “Hold” and a consensus target price of $148.63.

Clorox Price Performance

NYSE CLX traded down $0.28 on Thursday, reaching $147.50. 1,112,612 shares of the company’s stock traded hands, compared to its average volume of 1,203,883. The Clorox Company has a 12 month low of $114.68 and a 12 month high of $178.21. The company has a debt-to-equity ratio of 11.37, a current ratio of 0.89 and a quick ratio of 0.57. The stock has a 50-day simple moving average of $149.59 and a 200 day simple moving average of $142.27. The stock has a market cap of $18.31 billion, a PE ratio of 234.59, a P/E/G ratio of 2.31 and a beta of 0.43.

Clorox (NYSE:CLX) last released its quarterly earnings data on Thursday, February 1st. The company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $1.08. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.80 billion. Clorox had a return on equity of 319.41% and a net margin of 1.09%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. As a group, research analysts predict that The Clorox Company will post 5.52 earnings per share for the current year.

Clorox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Tuesday, April 23rd. Clorox’s payout ratio is 761.92%.

About Clorox

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.