International Assets Investment Management LLC Buys 435,971 Shares of The Clorox Company (NYSE:CLX)

International Assets Investment Management LLC raised its stake in The Clorox Company (NYSE:CLX) by 424.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 538,576 shares of the company’s stock after acquiring an additional 435,971 shares during the quarter. International Assets Investment Management LLC owned about 0.43% of Clorox worth $877,390,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Fiduciary Group LLC raised its holdings in Clorox by 0.4% in the 2nd quarter. Fiduciary Group LLC now owns 19,050 shares of the company’s stock valued at $2,600,000 after acquiring an additional 72 shares during the period. GHP Investment Advisors Inc. raised its holdings in Clorox by 2.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 3,634 shares of the company’s stock valued at $496,000 after acquiring an additional 72 shares during the period. SPC Financial Inc. increased its holdings in shares of Clorox by 2.2% during the second quarter. SPC Financial Inc. now owns 3,485 shares of the company’s stock worth $476,000 after purchasing an additional 75 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in shares of Clorox by 17.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock worth $83,000 after purchasing an additional 75 shares during the period. Finally, Mesirow Financial Investment Management Inc. increased its holdings in shares of Clorox by 5.1% during the second quarter. Mesirow Financial Investment Management Inc. now owns 1,702 shares of the company’s stock worth $233,000 after purchasing an additional 83 shares during the period. 78.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CLX has been the topic of several recent research reports. TD Cowen initiated coverage on shares of Clorox in a report on Tuesday, July 23rd. They set a “sell” rating and a $122.00 target price on the stock. BNP Paribas raised shares of Clorox to a “strong sell” rating in a report on Friday, September 6th. JPMorgan Chase & Co. raised their target price on shares of Clorox from $148.00 to $174.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Wells Fargo & Company lowered their target price on shares of Clorox from $135.00 to $130.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Finally, Citigroup raised their target price on shares of Clorox from $165.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Clorox presently has an average rating of “Hold” and a consensus price target of $150.14.

Clorox Stock Performance

Shares of Clorox stock opened at $159.04 on Thursday. The Clorox Company has a fifty-two week low of $114.68 and a fifty-two week high of $169.09. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.03 and a quick ratio of 0.63. The firm has a market capitalization of $19.75 billion, a P/E ratio of 82.40, a P/E/G ratio of 3.19 and a beta of 0.41. The company’s 50 day moving average price is $160.25 and its two-hundred day moving average price is $145.43.

Clorox (NYSE:CLX) last issued its earnings results on Thursday, August 1st. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.28. Clorox had a net margin of 3.95% and a return on equity of 281.12%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.97 billion. On average, equities analysts forecast that The Clorox Company will post 6.64 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Wednesday, October 23rd will be given a $1.22 dividend. The ex-dividend date is Wednesday, October 23rd. This represents a $4.88 dividend on an annualized basis and a yield of 3.07%. Clorox’s dividend payout ratio is currently 252.85%.

Insider Buying and Selling at Clorox

In other Clorox news, EVP Angela C. Hilt sold 1,733 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $165.52, for a total value of $286,846.16. Following the sale, the executive vice president now owns 13,471 shares in the company, valued at $2,229,719.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.51% of the company’s stock.

About Clorox

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.