Kentucky Trust Co Acquires Shares of 2,637 The Clorox Company (NYSE:CLX)

Kentucky Trust Co acquired a new stake in The Clorox Company (NYSE:CLX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,637 shares of the company's stock, valued at approximately $428,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CLX. Insight Folios Inc raised its holdings in shares of Clorox by 3.0% in the third quarter. Insight Folios Inc now owns 2,195 shares of the company's stock valued at $358,000 after purchasing an additional 63 shares during the last quarter. HCR Wealth Advisors boosted its stake in shares of Clorox by 1.0% during the 4th quarter. HCR Wealth Advisors now owns 6,870 shares of the company's stock worth $1,116,000 after buying an additional 68 shares during the last quarter. Empower Advisory Group LLC grew its holdings in shares of Clorox by 4.5% in the 3rd quarter. Empower Advisory Group LLC now owns 1,823 shares of the company's stock valued at $297,000 after acquiring an additional 78 shares in the last quarter. Aviance Capital Partners LLC raised its holdings in Clorox by 2.7% during the third quarter. Aviance Capital Partners LLC now owns 3,080 shares of the company's stock worth $502,000 after acquiring an additional 80 shares in the last quarter. Finally, Lindbrook Capital LLC grew its stake in Clorox by 9.9% in the third quarter. Lindbrook Capital LLC now owns 977 shares of the company's stock valued at $159,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 78.53% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. JPMorgan Chase & Co. boosted 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. Evercore ISI boosted their price target on Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. StockNews.com lowered Clorox from a "buy" rating to a "hold" rating in a research report on Sunday, January 5th. DA Davidson reduced their target price on Clorox from $171.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $150.00 target price on shares of Clorox in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $158.21.

Clorox Stock Performance

CLX traded down $2.86 during trading on Friday, hitting $147.91. The stock had a trading volume of 1,318,065 shares, compared to its average volume of 1,380,263. The company has a 50 day moving average price of $159.17 and a 200-day moving average price of $159.23. The firm has a market cap of $18.31 billion, a price-to-earnings ratio of 40.41, a P/E/G ratio of 2.52 and a beta of 0.42. The Clorox Company has a one year low of $127.60 and a one year high of $171.37. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.62.

Clorox (NYSE:CLX - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm posted $2.16 earnings per share. As a group, research analysts predict that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Wednesday, January 29th were issued a $1.22 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $4.88 annualized dividend and a yield of 3.30%. Clorox's dividend payout ratio is presently 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.