The Clorox Company (NYSE:CLX) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in The Clorox Company (NYSE:CLX) by 45.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,612 shares of the company’s stock after purchasing an additional 100,453 shares during the period. Victory Capital Management Inc. owned about 0.26% of Clorox worth $52,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Innealta Capital LLC purchased a new position in Clorox in the second quarter worth approximately $30,000. Trifecta Capital Advisors LLC lifted its position in shares of Clorox by 139.8% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 223 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares during the last quarter. First Foundation Advisors acquired a new position in shares of Clorox during the first quarter worth $31,000. Family Firm Inc. purchased a new position in Clorox in the second quarter valued at $31,000. Finally, Quarry LP raised its stake in Clorox by 99.1% in the second quarter. Quarry LP now owns 229 shares of the company’s stock valued at $31,000 after buying an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CLX. Deutsche Bank Aktiengesellschaft increased their price objective on Clorox from $144.00 to $151.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Jefferies Financial Group upgraded shares of Clorox from a “hold” rating to a “buy” rating and increased their price target for the company from $174.00 to $187.00 in a research note on Tuesday, October 1st. Evercore ISI lowered their target price on shares of Clorox from $140.00 to $139.00 and set an “underperform” rating for the company in a report on Monday, October 14th. DA Davidson lifted their price target on shares of Clorox from $153.00 to $171.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Clorox from $148.00 to $174.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $155.00.

Clorox Trading Up 0.2 %

Shares of CLX stock opened at $165.74 on Friday. The company has a market capitalization of $20.52 billion, a P/E ratio of 57.75, a price-to-earnings-growth ratio of 3.04 and a beta of 0.41. The company has a current ratio of 1.00, a quick ratio of 0.62 and a debt-to-equity ratio of 11.08. The business’s 50 day moving average is $162.38 and its two-hundred day moving average is $147.21. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $169.09.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.50. Clorox had a net margin of 4.78% and a return on equity of 316.08%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm posted $0.49 EPS. Clorox’s quarterly revenue was up 27.0% on a year-over-year basis. Equities analysts forecast that The Clorox Company will post 6.85 EPS for the current year.

Clorox Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Wednesday, October 23rd were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $4.88 annualized dividend and a yield of 2.94%. Clorox’s dividend payout ratio is currently 170.04%.

Insider Activity at Clorox

In other news, EVP Angela C. Hilt sold 1,733 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $165.52, for a total value of $286,846.16. Following the completion of the sale, the executive vice president now directly owns 13,471 shares of the company’s stock, valued at $2,229,719.92. This trade represents a 11.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.57% of the stock is owned by insiders.

Clorox 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.