Transce3nd LLC Takes $77,000 Position in The Clorox Company (NYSE:CLX)

Transce3nd LLC bought a new position in The Clorox Company (NYSE:CLX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 473 shares of the company’s stock, valued at approximately $77,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group boosted its stake in shares of Clorox by 163.8% in the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock valued at $25,000 after purchasing an additional 95 shares in the last quarter. Redwood Park Advisors LLC bought a new position in shares of Clorox during the fourth quarter valued at about $26,000. Millstone Evans Group LLC purchased a new position in shares of Clorox in the fourth quarter worth about $31,000. Asset Planning Inc purchased a new stake in Clorox during the 4th quarter valued at about $32,000. Finally, GKV Capital Management Co. Inc. bought a new position in Clorox during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Clorox Trading Down 0.9 %

NYSE CLX opened at $138.59 on Tuesday. The stock’s fifty day moving average price is $146.36 and its 200-day moving average price is $156.20. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 20.52. The stock has a market cap of $17.07 billion, a P/E ratio of 37.87, a P/E/G ratio of 2.62 and a beta of 0.61. The Clorox Company has a 12 month low of $127.60 and a 12 month high of $171.37.

Clorox (NYSE:CLX) last issued its earnings results on Monday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.16. Clorox had a net margin of 6.38% and a return on equity of 316.87%. During the same period in the prior year, the firm earned $2.16 EPS. As a group, equities analysts forecast that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Wednesday, April 23rd. Clorox’s payout ratio is currently 133.33%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CLX shares. Evercore ISI raised their target price on shares of Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price objective on shares of Clorox from $173.00 to $151.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Royal Bank of Canada restated a “sector perform” rating and set a $150.00 price target on shares of Clorox in a report on Thursday, January 30th. Citigroup cut their price objective on Clorox from $165.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, UBS Group decreased their target price on Clorox from $176.00 to $154.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $153.83.

Clorox Profile

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.