Gotham Asset Management LLC Has $33.84 Million Stock Position in The Clorox Company $CLX

Gotham Asset Management LLC increased its stake in The Clorox Company (NYSE:CLX) by 117.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,454 shares of the company’s stock after purchasing an additional 148,274 shares during the quarter. Gotham Asset Management LLC’s holdings in Clorox were worth $33,840,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CLX. Center for Financial Planning Inc. acquired a new position in shares of Clorox in the third quarter worth about $25,000. Total Investment Management Inc. purchased a new position in shares of Clorox in the second quarter worth approximately $25,000. True Wealth Design LLC raised its holdings in shares of Clorox by 1,020.0% during the third quarter. True Wealth Design LLC now owns 224 shares of the company’s stock valued at $28,000 after acquiring an additional 204 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Clorox during the third quarter valued at approximately $29,000. Finally, Bank & Trust Co purchased a new stake in shares of Clorox in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

CLX has been the subject of a number of recent analyst reports. Zacks Research raised shares of Clorox from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. Citigroup increased their target price on Clorox from $109.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. The Goldman Sachs Group decreased their target price on Clorox from $110.00 to $94.00 and set a “sell” rating for the company in a research report on Wednesday, January 7th. TD Cowen lifted their price target on Clorox from $108.00 to $111.00 and gave the company a “hold” rating in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. upped their price target on Clorox from $114.00 to $117.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $118.73.

Clorox Stock Up 1.3%

CLX stock opened at $112.09 on Tuesday. The company has a 50 day moving average of $115.87 and a two-hundred day moving average of $113.25. The company has a market cap of $13.55 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 0.55 and a beta of 0.59. The Clorox Company has a 12-month low of $96.66 and a 12-month high of $150.84. The company has a quick ratio of 0.48, a current ratio of 0.74 and a debt-to-equity ratio of 71.03.

Clorox (NYSE:CLX) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.04). Clorox had a return on equity of 383.01% and a net margin of 11.17%.The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the company posted $1.55 earnings per share. The company’s revenue was down .8% compared to the same quarter last year. On average, equities analysts anticipate that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Wednesday, April 22nd will be given a $1.24 dividend. This represents a $4.96 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, April 22nd. Clorox’s dividend payout ratio is presently 81.05%.

Clorox 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.