The Clorox Company (NYSE:CLX) Shares Sold by Mendel Money Management

Mendel Money Management trimmed its position in shares of The Clorox Company (NYSE:CLX) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,346 shares of the company’s stock after selling 90 shares during the period. Mendel Money Management’s holdings in Clorox were worth $219,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. TrueMark Investments LLC lifted its stake in shares of Clorox by 1,788.5% in the fourth quarter. TrueMark Investments LLC now owns 33,709 shares of the company’s stock worth $5,475,000 after acquiring an additional 31,924 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Clorox by 44.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 244,129 shares of the company’s stock valued at $39,649,000 after buying an additional 74,750 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of Clorox during the fourth quarter worth approximately $105,000. ICW Investment Advisors LLC increased its stake in shares of Clorox by 1.4% in the fourth quarter. ICW Investment Advisors LLC now owns 10,155 shares of the company’s stock worth $1,649,000 after buying an additional 141 shares during the last quarter. Finally, Congress Wealth Management LLC DE boosted its stake in Clorox by 26.9% during the 4th quarter. Congress Wealth Management LLC DE now owns 2,952 shares of the company’s stock valued at $479,000 after acquiring an additional 626 shares during the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

CLX has been the subject of several research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 target price on shares of Clorox in a research report on Thursday, January 30th. Barclays raised their price target on shares of Clorox from $130.00 to $140.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 5th. StockNews.com downgraded shares of Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. Evercore ISI lifted their target price on Clorox from $145.00 to $155.00 in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. increased their price target on Clorox from $171.00 to $173.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Clorox currently has an average rating of “Hold” and a consensus target price of $159.62.

Clorox Stock Down 1.5 %

Shares of Clorox stock opened at $141.80 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 20.52. The Clorox Company has a 12-month low of $127.60 and a 12-month high of $171.37. The firm has a market capitalization of $17.47 billion, a PE ratio of 38.74, a price-to-earnings-growth ratio of 2.62 and a beta of 0.45. The stock’s fifty day moving average is $152.23 and its 200-day moving average is $159.43.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Monday, February 3rd. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.39 by $0.16. Clorox had a net margin of 6.38% and a return on equity of 316.87%. During the same period in the prior year, the firm posted $2.16 earnings per share. Equities analysts anticipate that The Clorox Company will post 7.15 earnings per share for the current year.

Clorox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Wednesday, April 23rd. Clorox’s dividend payout ratio is currently 133.33%.

Clorox 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.