Martin Capital Partners LLC Purchases 39,909 Shares of The Clorox Company $CLX

Martin Capital Partners LLC lifted its position in The Clorox Company (NYSE:CLX) by 751.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,223 shares of the company’s stock after buying an additional 39,909 shares during the period. Martin Capital Partners LLC’s holdings in Clorox were worth $4,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CLX. Total Investment Management Inc. purchased a new stake in Clorox during the second quarter valued at $25,000. Center for Financial Planning Inc. purchased a new position in Clorox in the third quarter worth about $25,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Clorox during the 3rd quarter valued at about $25,000. True Wealth Design LLC grew its stake in shares of Clorox by 1,020.0% during the 3rd 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 period. Finally, Root Financial Partners LLC purchased a new stake in shares of Clorox during the 3rd quarter valued at about $29,000. Institutional investors own 78.53% of the company’s stock.

Clorox Stock Performance

Shares of NYSE CLX opened at $106.70 on Friday. The company has a debt-to-equity ratio of 71.03, a quick ratio of 0.48 and a current ratio of 0.74. The company has a market cap of $12.90 billion, a P/E ratio of 17.43, a P/E/G ratio of 0.53 and a beta of 0.59. The firm’s fifty day moving average is $116.26 and its two-hundred day moving average is $113.12. The Clorox Company has a 52-week low of $96.66 and a 52-week high of $150.84.

Clorox (NYSE:CLX) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.04). The company had revenue of $1.67 billion for 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 firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the company earned $1.55 EPS. As a group, analysts anticipate that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. UBS Group raised their price objective on shares of Clorox from $115.00 to $121.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Jefferies Financial Group reduced their target price on shares of Clorox from $152.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Weiss Ratings upgraded shares of Clorox from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Zacks Research upgraded shares of Clorox from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. Finally, Rothschild & Co Redburn set a $117.00 price objective on shares of Clorox in a research report on Friday, February 13th. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $118.73.

Clorox Profile

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.