Skandinaviska Enskilda Banken AB publ Grows Holdings in The Clorox Company (NYSE:CLX)

Skandinaviska Enskilda Banken AB publ boosted its position in The Clorox Company (NYSE:CLX - Free Report) by 29.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,107 shares of the company's stock after buying an additional 9,800 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Clorox were worth $6,958,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group boosted its stake in Clorox by 163.8% during the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company's stock valued at $25,000 after purchasing an additional 95 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in Clorox during the 3rd quarter worth $27,000. Continuum Advisory LLC grew its stake in shares of Clorox by 300.0% in the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company's stock worth $30,000 after acquiring an additional 138 shares in the last quarter. Asset Planning Inc bought a new position in shares of Clorox during the fourth quarter valued at about $32,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in Clorox during the fourth quarter worth about $36,000. 78.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CLX has been the topic of several recent analyst reports. DA Davidson dropped their target price on shares of Clorox from $171.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Evercore ISI raised their target price on Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price target on shares of Clorox from $171.00 to $173.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. StockNews.com downgraded shares of Clorox from a "buy" rating to a "hold" rating in a report on Sunday, January 5th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $150.00 target price on shares of Clorox in a research note on Thursday, January 30th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Clorox currently has a consensus rating of "Hold" and an average price target of $159.62.

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Clorox Price Performance

Shares of Clorox stock traded up $0.45 on Wednesday, reaching $145.33. The stock had a trading volume of 1,105,428 shares, compared to its average volume of 1,215,083. The business's 50 day moving average is $153.71 and its two-hundred day moving average is $160.08. 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 Clorox Company has a 1 year low of $127.60 and a 1 year high of $171.37. The company has a market cap of $17.90 billion, a P/E ratio of 39.71, a price-to-earnings-growth ratio of 2.62 and a beta of 0.45.

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

Clorox Dividend Announcement

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

Clorox Company 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.