1,021 Shares in The Clorox Company (NYSE:CLX) Bought by Ridgewood Investments LLC

Ridgewood Investments LLC acquired a new stake in The Clorox Company (NYSE:CLX) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,021 shares of the company’s stock, valued at approximately $139,000.

Other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC raised its stake in shares of Clorox by 308.5% during the 1st quarter. Venturi Wealth Management LLC now owns 192 shares of the company’s stock worth $29,000 after buying an additional 145 shares in the last quarter. Northwest Financial Advisors purchased a new position in Clorox in the fourth quarter worth $29,000. Core Wealth Advisors Inc. acquired a new stake in Clorox in the fourth quarter valued at $29,000. First United Bank & Trust purchased a new stake in shares of Clorox during the 4th quarter worth $31,000. Finally, GoalVest Advisory LLC purchased a new stake in shares of Clorox during the 1st quarter worth $31,000. 78.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CLX. Wells Fargo & Company cut their price target on shares of Clorox from $135.00 to $130.00 and set an “underweight” rating for the company in a report on Wednesday, July 10th. Evercore ISI reduced their price target on shares of Clorox from $145.00 to $142.00 and set an “underperform” rating for the company in a research report on Wednesday, May 1st. JPMorgan Chase & Co. decreased their price target on Clorox from $150.00 to $148.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Barclays raised their price objective on Clorox from $122.00 to $130.00 and gave the company an “underweight” rating in a research note on Monday, August 5th. Finally, Citigroup boosted their target price on Clorox from $145.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday. Six investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. Based on data from MarketBeat, Clorox has an average rating of “Hold” and a consensus target price of $143.19.

Clorox Trading Up 1.2 %

Shares of NYSE:CLX traded up $1.82 during trading on Thursday, reaching $157.26. The stock had a trading volume of 919,913 shares, compared to its average volume of 1,255,613. The Clorox Company has a fifty-two week low of $114.68 and a fifty-two week high of $158.89. The business has a fifty day moving average price of $139.38 and a 200-day moving average price of $142.41. The stock has a market cap of $19.53 billion, a P/E ratio of 81.48, a PEG ratio of 1.97 and a beta of 0.39. The company has a quick ratio of 0.53, a current ratio of 0.90 and a debt-to-equity ratio of 9.73.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Thursday, August 1st. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.28. Clorox had a return on equity of 382.58% and a net margin of 3.95%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.97 billion. As a group, analysts anticipate that The Clorox Company will post 6.4 earnings per share for the current fiscal year.

Clorox Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 14th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This is an increase from Clorox’s previous quarterly dividend of $1.20. This represents a $4.88 annualized dividend and a yield of 3.10%. Clorox’s dividend payout ratio is 252.85%.

Clorox Company Profile

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.