Russell Investments Group Ltd. Sells 22,759 Shares of The Clorox Company $CLX

Russell Investments Group Ltd. reduced its position in shares of The Clorox Company (NYSE:CLX) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236,727 shares of the company’s stock after selling 22,759 shares during the period. Russell Investments Group Ltd.’s holdings in Clorox were worth $29,186,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Center for Financial Planning Inc. bought a new stake in Clorox in the 3rd quarter valued at approximately $25,000. Total Investment Management Inc. bought a new position in shares of Clorox during the 2nd quarter worth approximately $25,000. True Wealth Design LLC raised its holdings in shares of Clorox by 1,020.0% in the third quarter. True Wealth Design LLC now owns 224 shares of the company’s stock valued at $28,000 after purchasing an additional 204 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Clorox in the third quarter valued at approximately $29,000. Finally, Bank & Trust Co bought a new stake in shares of Clorox in the third quarter worth $30,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

CLX has been the subject of several recent research reports. TD Cowen increased their target price on shares of Clorox from $108.00 to $111.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th. UBS Group boosted their price target on shares of Clorox from $115.00 to $121.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Jefferies Financial Group reduced their price objective on shares of Clorox from $152.00 to $151.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Evercore lowered their target price on Clorox from $132.00 to $115.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 4th. Finally, The Goldman Sachs Group dropped their target price on Clorox from $110.00 to $94.00 and set a “sell” rating on the stock in a report on Wednesday, January 7th. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $118.73.

Clorox Stock Performance

NYSE CLX opened at $108.72 on Friday. The firm has a market capitalization of $13.15 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 0.55 and a beta of 0.59. The company has a current ratio of 0.74, a quick ratio of 0.48 and a debt-to-equity ratio of 71.03. The firm’s fifty day moving average price is $115.46 and its two-hundred day moving average price is $113.42. The Clorox Company has a 1 year low of $96.66 and a 1 year high of $150.84.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.04). The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. Clorox had a net margin of 11.17% and a return on equity of 383.01%. The business’s revenue was down .8% on a year-over-year basis. During the same period last year, the business earned $1.55 EPS. As a group, research analysts anticipate that The Clorox Company will post 7.15 EPS for the current year.

Clorox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Wednesday, April 22nd will be given a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, April 22nd. Clorox’s payout ratio is 81.05%.

About Clorox

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.