Toth Financial Advisory Corp Increases Stock Position in The Clorox Company (NYSE:CLX)

Toth Financial Advisory Corp grew its position in The Clorox Company (NYSE:CLX) by 5.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,103 shares of the company’s stock after acquiring an additional 567 shares during the period. Toth Financial Advisory Corp’s holdings in Clorox were worth $1,809,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vest Financial LLC increased its position in shares of Clorox by 20.0% in the third quarter. Vest Financial LLC now owns 362,047 shares of the company’s stock valued at $58,981,000 after buying an additional 60,306 shares in the last quarter. Stegent Equity Advisors Inc. grew its stake in Clorox by 29.8% in the 3rd quarter. Stegent Equity Advisors Inc. now owns 2,123 shares of the company’s stock valued at $346,000 after acquiring an additional 487 shares during the period. Veracity Capital LLC purchased a new stake in Clorox in the 3rd quarter worth $271,000. Slow Capital Inc. raised its position in Clorox by 0.6% during the third quarter. Slow Capital Inc. now owns 18,320 shares of the company’s stock worth $2,984,000 after acquiring an additional 105 shares during the period. Finally, Friedenthal Financial purchased a new position in Clorox during the third quarter valued at $49,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on CLX. BNP Paribas upgraded shares of Clorox to a “strong sell” rating in a research report on Friday, September 6th. DA Davidson reissued a “neutral” rating and set a $153.00 target price on shares of Clorox in a report on Friday, September 6th. TD Cowen began coverage on Clorox in a research note on Tuesday, July 23rd. They issued a “sell” rating and a $122.00 price target on the stock. Evercore ISI lowered their target price on shares of Clorox from $140.00 to $139.00 and set an “underperform” rating on the stock in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Clorox from $144.00 to $151.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $150.14.

Clorox Trading Down 0.8 %

Clorox stock traded down $1.25 during midday trading on Monday, reaching $160.71. 227,091 shares of the stock traded hands, compared to its average volume of 1,225,699. The firm has a market cap of $19.96 billion, a PE ratio of 83.92, a price-to-earnings-growth ratio of 3.19 and a beta of 0.41. The company has a 50-day simple moving average of $159.28 and a two-hundred day simple moving average of $145.14. The company has a current ratio of 1.03, a quick ratio of 0.63 and a debt-to-equity ratio of 5.04. The Clorox Company has a 12-month low of $114.68 and a 12-month high of $169.09.

Clorox (NYSE:CLX) last posted its earnings results on Thursday, August 1st. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.28. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Clorox had a return on equity of 281.12% and a net margin of 3.95%. Research analysts expect that The Clorox Company will post 6.64 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Wednesday, October 23rd will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Wednesday, October 23rd. Clorox’s dividend payout ratio (DPR) is 252.85%.

Insider Buying and Selling

In other Clorox news, EVP Angela C. Hilt sold 1,733 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $165.52, for a total value of $286,846.16. Following the completion of the transaction, the executive vice president now owns 13,471 shares in the company, valued at $2,229,719.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.51% of the stock is owned by company insiders.

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.