Intech Investment Management LLC Sells 29,574 Shares of The Clorox Company $CLX

Intech Investment Management LLC trimmed its holdings in The Clorox Company (NYSE:CLX) by 73.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,722 shares of the company’s stock after selling 29,574 shares during the quarter. Intech Investment Management LLC’s holdings in Clorox were worth $1,322,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mufg Securities Americas Inc. boosted its holdings in Clorox by 20.8% in the 3rd quarter. Mufg Securities Americas Inc. now owns 3,299 shares of the company’s stock valued at $407,000 after purchasing an additional 567 shares during the period. Compound Planning Inc. bought a new position in shares of Clorox during the 3rd quarter worth about $246,000. EverSource Wealth Advisors LLC raised its position in shares of Clorox by 12.5% during the third quarter. EverSource Wealth Advisors LLC now owns 1,099 shares of the company’s stock valued at $136,000 after buying an additional 122 shares during the last quarter. Sound View Wealth Advisors Group LLC bought a new stake in shares of Clorox in the third quarter valued at about $250,000. Finally, Equitable Trust Co. bought a new position in Clorox during the third quarter valued at about $225,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CLX. JPMorgan Chase & Co. upped their price target on Clorox from $114.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. TD Cowen boosted their price objective on Clorox from $108.00 to $111.00 and gave the company a “hold” rating in a research report on Wednesday, February 4th. Weiss Ratings raised Clorox from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Morgan Stanley boosted their price target on shares of Clorox from $125.00 to $136.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Finally, The Goldman Sachs Group dropped their price objective on shares of Clorox from $110.00 to $94.00 and set a “sell” rating for the company in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $118.73.

Clorox Stock Up 0.9%

CLX opened at $114.69 on Friday. The firm has a market cap of $13.87 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 0.56 and a beta of 0.59. The company has a debt-to-equity ratio of 71.03, a quick ratio of 0.48 and a current ratio of 0.74. The firm’s 50-day simple moving average is $114.49 and its 200-day simple moving average is $113.64. The Clorox Company has a twelve month low of $96.66 and a twelve month high of $153.90.

Clorox (NYSE:CLX) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $1.39 EPS 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 analyst estimates of $1.64 billion. Clorox had a net margin of 11.17% and a return on equity of 383.01%. Clorox’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the firm earned $1.55 earnings per share. Equities research analysts anticipate that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Wednesday, April 22nd will be issued a $1.24 dividend. This represents a $4.96 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, April 22nd. Clorox’s payout ratio 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.