Kentucky Trust Co Makes New $428,000 Investment in The Clorox Company (NYSE:CLX)

Kentucky Trust Co purchased a new position in The Clorox Company (NYSE:CLX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,637 shares of the company’s stock, valued at approximately $428,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CLX. Mizuho Securities USA LLC boosted its holdings in Clorox by 46,877.8% in the third quarter. Mizuho Securities USA LLC now owns 4,500,000 shares of the company’s stock worth $733,095,000 after acquiring an additional 4,490,421 shares in the last quarter. Ilex Capital Partners UK LLP boosted its holdings in Clorox by 512.7% in the third quarter. Ilex Capital Partners UK LLP now owns 542,110 shares of the company’s stock worth $88,315,000 after acquiring an additional 453,624 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Clorox by 424.9% in the third quarter. International Assets Investment Management LLC now owns 538,576 shares of the company’s stock valued at $877,390,000 after purchasing an additional 435,971 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in shares of Clorox by 5,442.5% in the third quarter. Boston Trust Walden Corp now owns 273,908 shares of the company’s stock valued at $44,622,000 after purchasing an additional 268,966 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Clorox by 302.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 353,367 shares of the company’s stock valued at $57,390,000 after purchasing an additional 265,455 shares in the last quarter. Institutional investors own 78.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CLX shares. DA Davidson dropped their target price on Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Barclays raised their target price on Clorox from $130.00 to $140.00 and gave the company an “underweight” rating in a report on Wednesday, February 5th. Wells Fargo & Company raised their target price on Clorox from $157.00 to $161.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. TD Cowen upgraded Clorox from a “sell” rating to a “hold” rating and raised their target price for the company from $155.00 to $170.00 in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their target price on Clorox from $171.00 to $173.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $158.21.

Clorox Stock Performance

NYSE:CLX opened at $148.47 on Wednesday. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.62. The business has a fifty day simple moving average of $160.68 and a two-hundred day simple moving average of $159.16. The Clorox Company has a 1 year low of $127.60 and a 1 year high of $171.37. The company has a market capitalization of $18.38 billion, a P/E ratio of 40.56, a P/E/G ratio of 2.52 and a beta of 0.42.

Clorox (NYSE:CLX) last released its earnings results on Monday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company earned $2.16 earnings per share. On average, analysts expect that The Clorox Company will post 7.15 earnings per share for the current year.

Clorox Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Wednesday, January 29th. Clorox’s dividend payout ratio is currently 133.33%.

Clorox Company 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.