Victory Capital Management Inc. Purchases 59,923 Shares of The Clorox Company $CLX

Victory Capital Management Inc. grew its position in shares of The Clorox Company (NYSE:CLX) by 24.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 304,147 shares of the company’s stock after acquiring an additional 59,923 shares during the quarter. Victory Capital Management Inc. owned about 0.25% of Clorox worth $37,501,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Total Investment Management Inc. bought a new position in Clorox during the second quarter valued at $25,000. Center for Financial Planning Inc. bought a new stake in shares of Clorox in the 3rd quarter worth about $25,000. True Wealth Design LLC raised its position 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 buying an additional 204 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Clorox during the 3rd quarter valued at about $29,000. Finally, Darwin Wealth Management LLC bought a new position in shares of Clorox in the 2nd quarter valued at about $29,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CLX shares. Weiss Ratings upgraded Clorox from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Jefferies Financial Group lowered their price objective on Clorox from $152.00 to $151.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. BNP Paribas Exane raised Clorox from an “underperform” rating to a “neutral” rating in a research report on Wednesday, February 11th. Barclays restated an “underweight” rating and issued a $109.00 price target on shares of Clorox in a research report on Friday, January 16th. Finally, Wall Street Zen upgraded shares of Clorox from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Clorox currently has an average rating of “Reduce” and an average target price of $118.73.

Clorox Trading Up 0.9%

CLX opened at $114.69 on Monday. 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 stock’s 50 day moving average price is $114.49 and its 200-day moving average price is $113.54. The Clorox Company has a one year low of $96.66 and a one year high of $153.90. The stock has a market cap of $13.87 billion, a price-to-earnings ratio of 18.74, a P/E/G ratio of 0.56 and a beta of 0.59.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.04). The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.64 billion. Clorox had a return on equity of 383.01% and a net margin of 11.17%.Clorox’s revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business posted $1.55 earnings per share. On average, equities analysts forecast that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Wednesday, April 22nd will be paid a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, April 22nd. Clorox’s payout ratio is currently 81.05%.

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.