Romano Brothers AND Company Trims Position in The Clorox Company (NYSE:CLX)

Romano Brothers AND Company reduced its position in The Clorox Company (NYSE:CLX) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,283 shares of the company’s stock after selling 352 shares during the period. Romano Brothers AND Company’s holdings in Clorox were worth $2,320,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CLX. Brooklyn Investment Group grew its position in shares of Clorox by 163.8% in the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock valued at $25,000 after purchasing an additional 95 shares during the period. Prospera Private Wealth LLC purchased a new position in Clorox during the third quarter worth approximately $27,000. Continuum Advisory LLC grew its stake in shares of Clorox by 300.0% during the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock valued at $30,000 after buying an additional 138 shares during the period. Quarry LP increased its holdings in shares of Clorox by 99.1% during the 2nd quarter. Quarry LP now owns 229 shares of the company’s stock worth $31,000 after buying an additional 114 shares during the last quarter. Finally, Carolina Wealth Advisors LLC purchased a new stake in Clorox during the third quarter valued at about $48,000. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CLX has been the topic of several research analyst reports. Barclays reduced their price objective on Clorox from $139.00 to $130.00 and set an “underweight” rating on the stock in a research note on Friday. Evercore ISI reduced their price target on Clorox from $140.00 to $139.00 and set an “underperform” rating for the company in a report on Monday, October 14th. StockNews.com lowered shares of Clorox from a “buy” rating to a “hold” rating in a research note on Sunday, January 5th. Wells Fargo & Company upgraded Clorox from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $155.00 to $157.00 in a report on Tuesday, January 7th. Finally, TD Cowen upgraded shares of Clorox from a “sell” rating to a “hold” rating and boosted their target price for the company from $155.00 to $170.00 in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Clorox has an average rating of “Hold” and a consensus price target of $156.54.

Clorox Stock Down 0.1 %

CLX stock opened at $160.31 on Friday. The company has a market capitalization of $19.84 billion, a price-to-earnings ratio of 55.86, a price-to-earnings-growth ratio of 2.90 and a beta of 0.42. 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 Clorox Company has a 52 week low of $127.60 and a 52 week high of $171.37. The firm’s 50-day moving average is $164.25 and its two-hundred day moving average is $156.38.

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

Clorox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Wednesday, January 29th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Wednesday, January 29th. Clorox’s dividend payout ratio is 170.04%.

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.