Entropy Technologies LP Acquires 5,918 Shares of The Clorox Company (NYSE:CLX)

Entropy Technologies LP grew its position in The Clorox Company (NYSE:CLX - Free Report) by 86.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,743 shares of the company's stock after acquiring an additional 5,918 shares during the period. Entropy Technologies LP's holdings in Clorox were worth $2,070,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CLX. Brooklyn Investment Group grew its position in shares of Clorox by 163.8% in the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company's stock valued at $25,000 after acquiring an additional 95 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of Clorox during the 3rd quarter worth about $27,000. Continuum Advisory LLC boosted its holdings in shares of Clorox by 300.0% during the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company's stock worth $30,000 after buying an additional 138 shares during the period. Carolina Wealth Advisors LLC bought a new stake in shares of Clorox during the 3rd quarter worth about $48,000. Finally, Friedenthal Financial bought a new stake in shares of Clorox during the 3rd quarter worth about $49,000. Institutional investors own 78.53% of the company's stock.

Wall Street Analyst Weigh In

CLX has been the subject of several research analyst reports. 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 report on Wednesday, November 6th. Barclays boosted their price objective on shares of Clorox from $130.00 to $140.00 and gave the company an "underweight" rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price objective on shares of Clorox from $171.00 to $173.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Evercore ISI boosted their price objective on shares of Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Clorox from $157.00 to $161.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $158.21.

Clorox Price Performance

Shares of NYSE:CLX traded up $2.12 during midday trading on Thursday, hitting $150.77. The stock had a trading volume of 1,146,565 shares, compared to its average volume of 1,334,095. The company's 50-day moving average price is $159.93 and its 200-day moving average price is $159.19. The company has a market capitalization of $18.66 billion, a P/E ratio of 41.19, a price-to-earnings-growth ratio of 2.52 and a beta of 0.42. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 20.52. The Clorox Company has a fifty-two week low of $127.60 and a fifty-two week high of $171.37.

Clorox (NYSE:CLX - Get Free Report) last released its quarterly earnings data 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 net margin of 6.38% and a return on equity of 316.87%. During the same quarter in the previous year, the business posted $2.16 earnings per share. As a group, equities research analysts predict that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Wednesday, January 29th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Wednesday, January 29th. Clorox's dividend payout ratio is 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.