Loudon Investment Management LLC Sells 3,205 Shares of The Clorox Company (NYSE:CLX)

Loudon Investment Management LLC lowered its stake in shares of The Clorox Company (NYSE:CLX - Free Report) by 55.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,527 shares of the company's stock after selling 3,205 shares during the period. Loudon Investment Management LLC's holdings in Clorox were worth $410,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ilex Capital Partners UK LLP raised its stake in Clorox by 512.7% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 542,110 shares of the company's stock valued at $88,315,000 after buying an additional 453,624 shares during the last quarter. Amundi increased its position in Clorox by 42.6% during the fourth quarter. Amundi now owns 1,032,283 shares of the company's stock valued at $165,816,000 after acquiring an additional 308,234 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Clorox by 302.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 353,367 shares of the company's stock valued at $57,390,000 after acquiring an additional 265,455 shares during the period. State Street Corp boosted its position in Clorox by 3.1% in the third quarter. State Street Corp now owns 8,182,109 shares of the company's stock worth $1,332,947,000 after purchasing an additional 245,525 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Clorox during the 4th quarter valued at about $37,935,000. 78.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CLX has been the topic of several recent research reports. StockNews.com cut shares of Clorox from a "buy" rating to a "hold" rating in a research note on Sunday, January 5th. Evercore ISI increased their price target on shares of Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. Barclays boosted their price objective on shares of Clorox from $130.00 to $140.00 and gave the company an "underweight" rating in a research report on Wednesday, February 5th. Wells Fargo & Company raised their target price on Clorox from $157.00 to $161.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $150.00 price target on shares of Clorox in a report on Thursday, January 30th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $159.62.

Remove Ads

Clorox Price Performance

CLX stock traded down $2.11 during midday trading on Tuesday, hitting $141.80. The company's stock had a trading volume of 1,556,338 shares, compared to its average volume of 1,210,271. The firm has a market capitalization of $17.47 billion, a price-to-earnings ratio of 38.74, a price-to-earnings-growth ratio of 2.62 and a beta of 0.45. 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 company has a 50 day moving average of $152.57 and a two-hundred day moving average of $159.59.

Clorox (NYSE:CLX - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported $1.55 earnings per share 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 last year, the business earned $2.16 earnings per share. On average, analysts expect that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be issued a $1.22 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.88 annualized dividend and a dividend yield of 3.44%. Clorox's dividend payout ratio (DPR) 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.