Jensen Investment Management Inc. Boosts Holdings in The Clorox Company (NYSE:CLX)

Jensen Investment Management Inc. raised its stake in The Clorox Company (NYSE:CLX) by 21.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,495 shares of the company’s stock after buying an additional 12,340 shares during the period. Jensen Investment Management Inc. owned about 0.06% of Clorox worth $11,449,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group increased its holdings in shares of Clorox by 163.8% in the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock worth $25,000 after buying an additional 95 shares during the last quarter. Prospera Private Wealth LLC bought a new position in shares of Clorox in the 3rd quarter worth $27,000. Continuum Advisory LLC increased its holdings in shares of Clorox by 300.0% in the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock worth $30,000 after buying an additional 138 shares during the last quarter. Asset Planning Inc bought a new position in shares of Clorox in the 4th quarter worth $32,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of Clorox in the 4th quarter worth $36,000. Institutional investors own 78.53% of the company’s stock.

Clorox Trading Up 0.3 %

Shares of CLX opened at $147.32 on Monday. The firm’s 50-day moving average price is $154.20 and its 200-day moving average price is $160.23. The firm has a market capitalization of $18.15 billion, a price-to-earnings ratio of 40.25, a PEG ratio of 2.62 and a beta of 0.45. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 20.52. The Clorox Company has a 1-year low of $127.60 and a 1-year high of $171.37.

Clorox (NYSE:CLX) last announced its earnings results on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.16. Clorox had a net margin of 6.38% and a return on equity of 316.87%. During the same quarter last year, the business posted $2.16 EPS. Sell-side analysts anticipate that The Clorox Company will post 7.15 EPS for the current year.

Clorox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Wednesday, April 23rd. Clorox’s payout ratio is 133.33%.

Wall Street Analysts Forecast Growth

CLX has been the topic of a number of research analyst reports. Barclays increased their price target on shares of Clorox from $130.00 to $140.00 and gave the stock an “underweight” rating in a report on Wednesday, February 5th. Wells Fargo & Company increased their target price on shares of Clorox from $157.00 to $161.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. DA Davidson reduced their target price on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. StockNews.com lowered shares of Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 target price on shares of Clorox in a report on Thursday, January 30th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Clorox presently has a consensus rating of “Hold” and a consensus target price of $159.62.

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.