Natixis Advisors LLC Has $10.34 Million Holdings in The Clorox Company (NYSE:CLX)

Natixis Advisors LLC lifted its stake in shares of The Clorox Company (NYSE:CLX - Free Report) by 8.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,476 shares of the company's stock after purchasing an additional 4,839 shares during the quarter. Natixis Advisors LLC owned about 0.05% of Clorox worth $10,341,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Lake Street Advisors Group LLC purchased a new stake in Clorox during the first quarter valued at about $250,000. Natixis raised its position in Clorox by 707.8% during the first quarter. Natixis now owns 13,175 shares of the company's stock valued at $2,017,000 after acquiring an additional 11,544 shares in the last quarter. EntryPoint Capital LLC bought a new position in Clorox during the first quarter valued at approximately $39,000. CreativeOne Wealth LLC bought a new position in Clorox during the first quarter valued at approximately $229,000. Finally, Advisors Asset Management Inc. raised its position in Clorox by 257.5% during the first quarter. Advisors Asset Management Inc. now owns 11,228 shares of the company's stock valued at $1,719,000 after acquiring an additional 8,087 shares in the last quarter. 78.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on CLX. Citigroup increased their price target on Clorox from $165.00 to $170.00 and gave the company a "neutral" rating in a report on Friday, September 6th. DA Davidson increased their price target on Clorox from $153.00 to $171.00 and gave the company a "neutral" rating in a report on Monday, November 4th. TD Cowen upgraded Clorox from a "sell" rating to a "hold" rating and increased their price target for the company from $155.00 to $170.00 in a report on Wednesday, November 6th. Evercore ISI lowered their price target on Clorox from $140.00 to $139.00 and set an "underperform" rating on the stock in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. increased their price target on Clorox from $148.00 to $174.00 and gave the company a "neutral" rating in a report on Friday, October 11th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $155.00.

Clorox Trading Up 0.0 %

Shares of Clorox stock traded up $0.08 during trading on Friday, hitting $169.23. 597,236 shares of the company were exchanged, compared to its average volume of 1,240,132. The firm has a market capitalization of $20.95 billion, a P/E ratio of 58.91, a price-to-earnings-growth ratio of 3.11 and a beta of 0.41. The Clorox Company has a 1-year low of $127.60 and a 1-year high of $171.30. The firm's fifty day moving average price is $162.72 and its 200 day moving average price is $148.22. The company has a debt-to-equity ratio of 11.08, a current ratio of 1.00 and a quick ratio of 0.62.

Clorox (NYSE:CLX - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.50. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. Clorox had a net margin of 4.78% and a return on equity of 316.08%. The firm's revenue for the quarter was up 27.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 earnings per share. As a group, sell-side analysts expect that The Clorox Company will post 6.85 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Wednesday, January 29th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, January 29th. Clorox's dividend payout ratio (DPR) is 170.03%.

Insider Transactions at Clorox

In other news, EVP Angela C. Hilt sold 1,733 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $165.52, for a total transaction of $286,846.16. Following the transaction, the executive vice president now directly owns 13,471 shares of the company's stock, valued at approximately $2,229,719.92. This trade represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.57% of the company's stock.

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.