The Clorox Company (NYSE:CLX) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in shares of The Clorox Company (NYSE:CLX) by 45.0% in the third quarter, Holdings Channel.com reports. The fund owned 323,612 shares of the company’s stock after purchasing an additional 100,453 shares during the period. Victory Capital Management Inc.’s holdings in Clorox were worth $52,720,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. First Foundation Advisors acquired a new position in Clorox during the first quarter worth $31,000. Innealta Capital LLC purchased a new position in shares of Clorox in the second quarter valued at $30,000. Trifecta Capital Advisors LLC raised its stake in shares of Clorox by 139.8% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 223 shares of the company’s stock worth $30,000 after buying an additional 130 shares during the last quarter. Quarry LP boosted its position in shares of Clorox by 99.1% in the 2nd quarter. Quarry LP now owns 229 shares of the company’s stock worth $31,000 after buying an additional 114 shares in the last quarter. Finally, Family Firm Inc. acquired a new stake in Clorox in the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CLX shares. Evercore ISI reduced their price target on shares of Clorox from $140.00 to $139.00 and set an “underperform” rating on the stock in a report on Monday, October 14th. TD Cowen upgraded Clorox from a “sell” rating to a “hold” rating and upped their price objective for the company from $155.00 to $170.00 in a research report on Wednesday, November 6th. BNP Paribas raised shares of Clorox to a “strong sell” rating in a research note on Friday, September 6th. DA Davidson lifted their price target on shares of Clorox from $153.00 to $171.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Clorox from $144.00 to $151.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $155.00.

Insider Activity at Clorox

In other Clorox news, EVP Angela C. Hilt sold 1,733 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $165.52, for a total transaction of $286,846.16. Following the transaction, the executive vice president now owns 13,471 shares in the company, valued at $2,229,719.92. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.57% of the company’s stock.

Clorox Price Performance

Shares of Clorox stock opened at $165.74 on Friday. The business’s fifty day moving average price is $162.38 and its 200 day moving average price is $147.21. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $169.09. 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 stock has a market capitalization of $20.52 billion, a P/E ratio of 57.75, a PEG ratio of 3.04 and a beta of 0.41.

Clorox (NYSE:CLX) last released its quarterly earnings data on Wednesday, October 30th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.50. The business 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 company’s revenue was up 27.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. As a group, research analysts anticipate that The Clorox Company will post 6.85 earnings per share for the current year.

Clorox Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Wednesday, October 23rd were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Wednesday, October 23rd. Clorox’s dividend payout ratio is presently 170.04%.

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.