Edgestream Partners L.P. acquired a new position in shares of The Clorox Company (NYSE:CLX – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund acquired 15,912 shares of the company’s stock, valued at approximately $2,172,000.
Other large investors also recently made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its position in Clorox by 0.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 13,900 shares of the company’s stock worth $1,982,000 after purchasing an additional 66 shares during the period. Lindbrook Capital LLC boosted its position in shares of Clorox by 6.2% in the first quarter. Lindbrook Capital LLC now owns 1,182 shares of the company’s stock worth $181,000 after buying an additional 69 shares during the period. Fiduciary Group LLC grew its stake in shares of Clorox by 0.4% in the second quarter. Fiduciary Group LLC now owns 19,050 shares of the company’s stock valued at $2,600,000 after buying an additional 72 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Clorox by 2.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 3,634 shares of the company’s stock valued at $496,000 after buying an additional 72 shares during the period. Finally, Mesirow Financial Investment Management Inc. lifted its position in Clorox by 5.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 1,702 shares of the company’s stock worth $233,000 after acquiring an additional 83 shares in the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.
Insider Buying and Selling
In other news, EVP Angela C. Hilt sold 1,733 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $165.52, for a total transaction of $286,846.16. Following the completion of the transaction, the executive vice president now owns 13,471 shares of the company’s stock, valued at $2,229,719.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.51% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on Clorox
Clorox Stock Down 0.8 %
CLX stock opened at $163.43 on Thursday. The firm has a market cap of $20.30 billion, a price-to-earnings ratio of 84.68, a PEG ratio of 3.29 and a beta of 0.40. The Clorox Company has a 1-year low of $114.68 and a 1-year high of $169.09. The firm has a fifty day moving average price of $148.06 and a two-hundred day moving average price of $143.56. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.03 and a quick ratio of 0.63.
Clorox (NYSE:CLX – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.28. Clorox had a net margin of 3.95% and a return on equity of 281.12%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.97 billion. Research analysts predict that The Clorox Company will post 6.63 EPS for the current year.
Clorox Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.99%. This is a positive change from Clorox’s previous quarterly dividend of $1.20. Clorox’s payout ratio is currently 252.85%.
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.
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