Greatmark Investment Partners Inc. Invests $316,000 in The Clorox Company (NYSE:CLX)

Greatmark Investment Partners Inc. purchased a new stake in The Clorox Company (NYSE:CLX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,945 shares of the company's stock, valued at approximately $316,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LBP AM SA increased its stake in Clorox by 212.8% during the fourth quarter. LBP AM SA now owns 84,122 shares of the company's stock worth $13,662,000 after acquiring an additional 57,228 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in Clorox by 29.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 43,107 shares of the company's stock worth $6,958,000 after acquiring an additional 9,800 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in Clorox by 6.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 15,510 shares of the company's stock worth $2,519,000 after acquiring an additional 920 shares during the last quarter. Essential Planning LLC. acquired a new stake in Clorox during the fourth quarter worth $515,000. Finally, Great Lakes Advisors LLC acquired a new stake in Clorox during the fourth quarter worth $1,306,000. Institutional investors and hedge funds own 78.53% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on CLX shares. DA Davidson lowered their price target on Clorox from $171.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company raised their price target on Clorox from $157.00 to $161.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Evercore ISI raised their price target on Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. Barclays raised their price target on Clorox from $130.00 to $140.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 5th. Finally, StockNews.com lowered Clorox from a "buy" rating to a "hold" rating in a research report on Sunday, January 5th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $159.62.

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Clorox Stock Up 0.3 %

NYSE:CLX traded up $0.45 during midday trading on Wednesday, reaching $145.33. The company had a trading volume of 1,105,689 shares, compared to its average volume of 1,215,083. The firm has a market capitalization of $17.90 billion, a price-to-earnings ratio of 39.71, a PEG ratio of 2.62 and a beta of 0.45. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 20.52. The stock's fifty day simple moving average is $153.71 and its 200-day simple moving average is $160.08. The Clorox Company has a 12-month low of $127.60 and a 12-month high of $171.37.

Clorox (NYSE:CLX - Get Free Report) last announced its quarterly 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 quarter in the prior year, the business posted $2.16 earnings per share. On average, sell-side analysts anticipate that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Wednesday, April 23rd. Clorox's dividend payout ratio (DPR) is 133.33%.

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.