The Clorox Company (NYSE:CLX) Shares Sold by Park National Corp OH

Park National Corp OH decreased its position in The Clorox Company (NYSE:CLX) by 12.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,366 shares of the company’s stock after selling 466 shares during the quarter. Park National Corp OH’s holdings in Clorox were worth $547,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CLX. Prospera Private Wealth LLC acquired a new stake in Clorox in the 3rd quarter valued at about $27,000. Continuum Advisory LLC lifted its stake in Clorox by 300.0% during the third quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock valued at $30,000 after purchasing an additional 138 shares during the last quarter. Trifecta Capital Advisors LLC boosted its holdings in Clorox by 139.8% during the second quarter. Trifecta Capital Advisors LLC now owns 223 shares of the company’s stock worth $30,000 after buying an additional 130 shares in the last quarter. Quarry LP grew its position in Clorox by 99.1% in the second 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 bought a new position in shares of Clorox in the third quarter valued at $48,000. Institutional investors own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CLX. Evercore ISI reduced their price objective on Clorox from $140.00 to $139.00 and set an “underperform” rating for the company in a research note on Monday, October 14th. StockNews.com cut Clorox from a “buy” rating to a “hold” rating in a research note on Sunday. Jefferies Financial Group raised shares of Clorox from a “hold” rating to a “buy” rating and upped their price objective for the company from $174.00 to $187.00 in a research note on Tuesday, October 1st. TD Cowen raised shares of Clorox from a “sell” rating to a “hold” rating and lifted their target price for the stock from $155.00 to $170.00 in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Clorox from $148.00 to $174.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $157.46.

Clorox Trading Up 0.6 %

NYSE CLX opened at $160.73 on Thursday. 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 1-year low of $127.60 and a 1-year high of $171.37. The firm’s fifty day simple moving average is $164.72 and its 200-day simple moving average is $155.37. The company has a market capitalization of $19.90 billion, a PE ratio of 56.00, a price-to-earnings-growth ratio of 3.04 and a beta of 0.42.

Clorox (NYSE:CLX) last issued its earnings results on Wednesday, October 30th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.50. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. Clorox had a return on equity of 316.08% and a net margin of 4.78%. The business’s revenue was up 27.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. As a group, sell-side analysts anticipate that The Clorox Company will post 6.85 earnings per share for the current fiscal year.

Clorox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Wednesday, January 29th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.04%. The ex-dividend date is Wednesday, January 29th. Clorox’s dividend payout ratio is 170.03%.

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.