Clorox (CLX) Reaches New 12-Month High at $163.93

Shares of Clorox Co (NYSE:CLX) hit a new 52-week high on Monday . The company traded as high as $163.93 and last traded at $162.46, with a volume of 20595 shares trading hands. The stock had previously closed at $162.83.

A number of brokerages have weighed in on CLX. Citigroup raised their target price on shares of Clorox from $153.00 to $169.00 and gave the company a “hold” rating in a research report on Tuesday, November 20th. Zacks Investment Research upgraded shares of Clorox from a “sell” rating to a “hold” rating in a report on Monday, November 19th. BMO Capital Markets lifted their price target on shares of Clorox from $153.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, November 2nd. Barclays set a $138.00 target price on shares of Clorox and gave the stock a “hold” rating in a research note on Thursday, November 1st. Finally, Deutsche Bank lifted their target price on shares of Clorox from $123.00 to $124.00 and gave the stock a “sell” rating in a research note on Thursday, November 1st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Clorox presently has an average rating of “Hold” and a consensus price target of $142.79.

The company has a market capitalization of $20.79 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 4.00 and a beta of 0.28. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.65 and a current ratio of 1.07.

Clorox (NYSE:CLX) last posted its quarterly earnings results on Wednesday, October 31st. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.03. Clorox had a net margin of 13.59% and a return on equity of 102.65%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the firm posted $1.46 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. Equities analysts anticipate that Clorox Co will post 6.31 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 8th. Shareholders of record on Wednesday, January 23rd will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 2.35%. The ex-dividend date is Tuesday, January 22nd. Clorox’s dividend payout ratio (DPR) is currently 61.34%.

In other Clorox news, SVP Michael R. Costello sold 6,882 shares of Clorox stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $160.08, for a total value of $1,101,670.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Dawn C. Willoughby sold 3,387 shares of Clorox stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $148.01, for a total transaction of $501,309.87. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 107,455 shares of company stock valued at $16,738,803. Insiders own 1.40% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of CLX. Csenge Advisory Group bought a new stake in Clorox in the third quarter valued at $100,000. Cornerstone Wealth Management LLC bought a new stake in Clorox in the second quarter valued at $105,000. Fort L.P. bought a new stake in Clorox in the second quarter valued at $129,000. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in Clorox in the third quarter valued at $130,000. Finally, Ancora Advisors LLC acquired a new position in shares of Clorox during the third quarter valued at about $135,000. 76.33% of the stock is owned by hedge funds and other institutional investors.

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Clorox Company Profile (NYSE:CLX)

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Cleaning, Household, Lifestyle, and International. The company offers laundry additives, including bleach products under the Clorox brand, as well as Clorox 2 stain fighter and color booster; home care products primarily under the Clorox, Formula 409, Liquid-Plumr, Pine-Sol, S.O.S, and Tilex brands; naturally derived products under the Green Works brand; and professional cleaning, disinfecting, and food service products under the Clorox, Dispatch, HealthLink, Clorox Healthcare, Hidden Valley, KC Masterpiece, and Soy Vay brands.

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