Schroder Investment Management Group Purchases 102,279 Shares of Clorox Company (The) (CLX)
Schroder Investment Management Group lifted its stake in Clorox Company (The) (NYSE:CLX) by 192.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 155,304 shares of the company’s stock after acquiring an additional 102,279 shares during the quarter. Schroder Investment Management Group owned approximately 0.12% of Clorox worth $20,194,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its position in Clorox by 8,008.5% during the second quarter. Janus Henderson Group PLC now owns 1,323,475 shares of the company’s stock valued at $176,340,000 after acquiring an additional 1,307,153 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Clorox by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 14,534,634 shares of the company’s stock worth $1,936,595,000 after purchasing an additional 369,918 shares in the last quarter. APG Asset Management N.V. boosted its position in shares of Clorox by 30.9% during the 3rd quarter. APG Asset Management N.V. now owns 1,301,915 shares of the company’s stock worth $171,736,000 after purchasing an additional 307,700 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Clorox by 24.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,341,272 shares of the company’s stock worth $178,433,000 after purchasing an additional 265,200 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Clorox by 24.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,341,400 shares of the company’s stock worth $178,728,000 after purchasing an additional 263,700 shares in the last quarter. 73.42% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Matthew T. Laszlo sold 20,051 shares of Clorox stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $130.46, for a total value of $2,615,853.46. Following the transaction, the senior vice president now directly owns 10,896 shares of the company’s stock, valued at approximately $1,421,492.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael R. Costello sold 10,574 shares of Clorox stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $136.01, for a total value of $1,438,169.74. Following the completion of the transaction, the senior vice president now directly owns 34,867 shares in the company, valued at $4,742,260.67. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
Clorox Company (CLX) traded up $1.67 during midday trading on Wednesday, reaching $144.66. 1,206,800 shares of the company’s stock were exchanged, compared to its average volume of 816,842. The company has a quick ratio of 0.77, a current ratio of 1.10 and a debt-to-equity ratio of 3.02. The stock has a market cap of $18,436.93, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 3.89 and a beta of 0.43. Clorox Company has a 1-year low of $113.55 and a 1-year high of $144.73.
Clorox (NYSE:CLX) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.05. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. Clorox had a return on equity of 161.59% and a net margin of 11.84%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.36 earnings per share. equities research analysts expect that Clorox Company will post 5.6 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Wednesday, January 24th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Tuesday, January 23rd. Clorox’s dividend payout ratio is presently 61.88%.
CLX has been the subject of several analyst reports. Consumer Edge upgraded shares of Clorox from a “neutral” rating to an “outperform” rating in a research note on Friday, November 10th. Zacks Investment Research raised shares of Clorox from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Morgan Stanley cut their price objective on shares of Clorox from $138.00 to $128.00 and set an “equal weight” rating for the company in a report on Thursday, November 2nd. Jefferies Group reissued a “hold” rating and issued a $132.00 price target on shares of Clorox in a report on Wednesday, November 1st. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $115.00 price target on shares of Clorox in a report on Sunday, October 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Clorox currently has an average rating of “Hold” and an average target price of $128.72.
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Clorox Company Profile
The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.
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