The Clorox Company (NYSE:CLX) Shares Bought by Webster Bank N. A.

Webster Bank N. A. grew its position in The Clorox Company (NYSE:CLX) by 36.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 520 shares of the company’s stock after purchasing an additional 140 shares during the period. Webster Bank N. A.’s holdings in Clorox were worth $84,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Insight Folios Inc increased its holdings in Clorox by 3.0% in the 3rd quarter. Insight Folios Inc now owns 2,195 shares of the company’s stock worth $358,000 after buying an additional 63 shares during the period. HCR Wealth Advisors increased its stake in shares of Clorox by 1.0% in the fourth quarter. HCR Wealth Advisors now owns 6,870 shares of the company’s stock worth $1,116,000 after acquiring an additional 68 shares during the period. SPC Financial Inc. raised its holdings in shares of Clorox by 2.2% during the second quarter. SPC Financial Inc. now owns 3,485 shares of the company’s stock worth $476,000 after purchasing an additional 75 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Clorox by 17.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock valued at $83,000 after purchasing an additional 75 shares during the period. Finally, Empower Advisory Group LLC lifted its position in Clorox by 4.5% during the third quarter. Empower Advisory Group LLC now owns 1,823 shares of the company’s stock valued at $297,000 after purchasing an additional 78 shares during the period. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CLX shares. Jefferies Financial Group upgraded Clorox from a “hold” rating to a “buy” rating and lifted their price objective for the company from $174.00 to $187.00 in a research note on Tuesday, October 1st. JPMorgan Chase & Co. lifted their price target on Clorox from $167.00 to $171.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. TD Cowen upgraded Clorox from a “sell” rating to a “hold” rating and upped their price objective for the stock from $155.00 to $170.00 in a research report on Wednesday, November 6th. Wells Fargo & Company raised shares of Clorox from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $155.00 to $157.00 in a report on Tuesday, January 7th. Finally, Evercore ISI lowered their price target on shares of Clorox from $140.00 to $139.00 and set an “underperform” rating on the stock in a report on Monday, October 14th. Four 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $156.54.

Clorox Trading Up 1.9 %

Shares of Clorox stock opened at $162.35 on Tuesday. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37. The firm’s 50-day moving average price is $163.66 and its 200 day moving average price is $157.66. 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 firm has a market capitalization of $20.10 billion, a PE ratio of 56.57, a P/E/G ratio of 2.92 and a beta of 0.42.

Clorox (NYSE:CLX) last released its earnings results on Wednesday, October 30th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.50. Clorox had a return on equity of 316.08% and a net margin of 4.78%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the business posted $0.49 earnings per share. The business’s quarterly revenue was up 27.0% compared to the same quarter last year. On average, sell-side analysts predict that The Clorox Company will post 6.87 EPS for the current fiscal year.

Clorox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Wednesday, January 29th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Wednesday, January 29th. Clorox’s dividend payout ratio (DPR) is 170.04%.

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.