Sandy Spring Bank Sells 106 Shares of The Clorox Company (NYSE:CLX)

Sandy Spring Bank reduced its position in shares of The Clorox Company (NYSE:CLX) by 1.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,728 shares of the company’s stock after selling 106 shares during the quarter. Sandy Spring Bank’s holdings in Clorox were worth $1,093,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Integral Investment Advisors Inc. increased its stake in shares of Clorox by 4.1% in the 4th quarter. Integral Investment Advisors Inc. now owns 1,718 shares of the company’s stock valued at $279,000 after acquiring an additional 67 shares during the last quarter. HCR Wealth Advisors increased its stake in shares of Clorox by 1.0% in the 4th quarter. HCR Wealth Advisors now owns 6,870 shares of the company’s stock valued at $1,116,000 after acquiring an additional 68 shares during the last quarter. Sound View Wealth Advisors Group LLC increased its stake in shares of Clorox by 6.1% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,345 shares of the company’s stock valued at $218,000 after acquiring an additional 77 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Clorox by 163.8% in the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock valued at $25,000 after acquiring an additional 95 shares during the last quarter. Finally, Global X Japan Co. Ltd. increased its stake in shares of Clorox by 3.0% in the 4th quarter. Global X Japan Co. Ltd. now owns 3,272 shares of the company’s stock valued at $531,000 after acquiring an additional 95 shares during the last quarter. 78.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on CLX. Evercore ISI upped their price target on Clorox from $145.00 to $155.00 in a research note on Tuesday, February 4th. StockNews.com lowered Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. Barclays boosted their price objective on Clorox from $130.00 to $140.00 and gave the company an “underweight” rating in a research report on Wednesday, February 5th. Wells Fargo & Company boosted their price objective on Clorox from $157.00 to $161.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 price objective on shares of Clorox in a research report on Thursday, January 30th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Clorox currently has a consensus rating of “Hold” and an average target price of $159.62.

Clorox Trading Up 0.2 %

NYSE:CLX opened at $145.46 on Friday. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 20.52. The business has a 50 day moving average price of $153.10 and a two-hundred day moving average price of $159.87. The company has a market cap of $17.92 billion, a P/E ratio of 39.74, a price-to-earnings-growth ratio of 2.62 and a beta of 0.45.

Clorox (NYSE:CLX) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.39 by $0.16. Clorox had a return on equity of 316.87% and a net margin of 6.38%. During the same period in the prior year, the firm posted $2.16 earnings per share. As a group, analysts expect that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Wednesday, April 23rd. Clorox’s payout ratio is presently 133.33%.

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.