Intech Investment Management LLC Reduces Stock Position in The Clorox Company (NYSE:CLX)

Intech Investment Management LLC lessened its holdings in The Clorox Company (NYSE:CLX) by 34.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,755 shares of the company’s stock after selling 12,871 shares during the quarter. Intech Investment Management LLC’s holdings in Clorox were worth $3,378,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Core Wealth Advisors Inc. purchased a new position in Clorox in the fourth quarter valued at $29,000. Innealta Capital LLC acquired a new position in Clorox in the second quarter valued at $30,000. Trifecta Capital Advisors LLC boosted its stake in Clorox by 139.8% in the second quarter. Trifecta Capital Advisors LLC now owns 223 shares of the company’s stock valued at $30,000 after acquiring an additional 130 shares in the last quarter. GoalVest Advisory LLC acquired a new position in Clorox in the first quarter valued at $31,000. Finally, First Foundation Advisors acquired a new position in Clorox in the first quarter valued at $31,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Angela C. Hilt sold 1,733 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $165.52, for a total transaction of $286,846.16. Following the transaction, the executive vice president now owns 13,471 shares in the company, valued at approximately $2,229,719.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CLX. DA Davidson restated a “neutral” rating and issued a $153.00 price objective on shares of Clorox in a research note on Friday, September 6th. Wells Fargo & Company decreased their price objective on shares of Clorox from $135.00 to $130.00 and set an “underweight” rating for the company in a research note on Wednesday, July 10th. Barclays upped their price objective on shares of Clorox from $122.00 to $130.00 and gave the company an “underweight” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Clorox from $144.00 to $151.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Finally, Argus upgraded shares of Clorox to a “hold” rating in a research note on Tuesday, June 4th. Six equities research analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $143.33.

Clorox Stock Up 0.8 %

CLX stock opened at $163.33 on Monday. The Clorox Company has a 52-week low of $114.68 and a 52-week high of $169.09. The company’s 50 day simple moving average is $149.14 and its 200-day simple moving average is $143.69. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.03 and a quick ratio of 0.63. The firm has a market capitalization of $20.28 billion, a P/E ratio of 84.63, a P/E/G ratio of 3.29 and a beta of 0.40.

Clorox (NYSE:CLX) last released its quarterly earnings data 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. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.97 billion. Clorox had a net margin of 3.95% and a return on equity of 281.12%. As a group, equities research analysts anticipate that The Clorox Company will post 6.63 EPS for the current year.

Clorox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Wednesday, October 23rd will be paid a $1.22 dividend. The ex-dividend date is Wednesday, October 23rd. This represents a $4.88 annualized dividend and a yield of 2.99%. Clorox’s dividend payout ratio is presently 252.85%.

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.