Kames Capital Plc reports that it bought 111,241 shares in quarter ending 09/30/2017 increasing its holdings in Clorox Company by 32.7%. The institutional investor owned 186,696 shares of the company's stock after selling 7,100 shares during the quarter. Valley National Advisers Inc. boosted its stake in shares of Clorox Company (The) by 0.6% in the second quarter. Its position was valued at $59,570,000 a decrease of 99.9% according to the filing. Deutsche Bank AG restated a hold rating and issued a $137.00 price objective (up from $126.00) on shares of Clorox Company (The) in a research report on Saturday, July 22nd. BlackRock Inc. now owns 891,759 shares of the company's stock worth $123,411,000 after buying an additional 249,691 shares during the period. Bernzott Capital Advisors increased its holdings in Clorox Company (The) by 0.4% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,525 shares of the company's stock worth $340,000 after acquiring an additional 140 shares during the period. Northwestern Mutual Wealth Management Co. now owns 44,974 shares of the company's stock worth $5,992,000 after purchasing an additional 1,399 shares during the last quarter. BlackRock Inc. raised its stake in Clorox by 38.9% in the second quarter.
The company is trading up by 1.93% since yesterday's close of 132.05. The company has a current ratio of 1.10, a quick ratio of 0.77 and a debt-to-equity ratio of 3.02. The firm has a market cap of $17,026.34, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 3.60 and a beta of 0.39.
The consensus analysts recommendation at this point stands at 2.90 on The Clorox Company (NYSE:CLX). The company reported $1.46 earnings per share (EPS) for the quarter, topping 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 Company (The) had a return on equity of 161.59% and a net margin of 11.84%. Clorox Company (The)'s quarterly revenue was up 4.0% compared to the same quarter last year. research analysts anticipate that Clorox Company will post 5.58 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Wednesday, October 25th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Tuesday, October 24th. Clorox Company (The)'s payout ratio is 61.65%.
Several equities analysts recently weighed in on the stock. BMO Capital Markets reiterated an "outperform" rating on shares of Clorox Company (The) in a report on Tuesday, September 12th. Finally, Royal Bank Of Canada restated a hold rating and issued a $115.00 price objective on shares of Clorox Company (The) in a research report on Sunday, October 8th. On Thursday, August 3 the stock rating was maintained by Jefferies with "Hold". BidaskClub lowered shares of Clorox Company (The) from a "sell" rating to a "strong sell" rating in a research note on Monday, July 24th. October 6 investment analysts at Jefferies Group LLC left the company rating at "Hold" targeting a price of $132.00. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. KeyBanc Capital Markets maintained the stock with "Hold" rating in Monday, September 4 report.
In other Clorox Company (The) news, COO Dawn C. Willoughby sold 2,158 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $131.14, for a total value of $673,535.04. Following the completion of the sale, the senior vice president now owns 20,614 shares of the company's stock, valued at $2,862,666.18. Also, SVP Jon M. Balousek sold 9,223 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $138.00, for a total transaction of $297,804.00. Insiders sold 41,293 shares of company stock valued at $5,560,303 in the last ninety days. The disclosure for this sale can be found here. The insider Edwards Jeffrey W. sold 600,000 shares worth $31.50 million.
These firms have modified their investment in CLX. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and global trademark and copyright law. The Company markets some of the consumer brand names, including namesake bleach and cleaning products, Pine-Sol cleaners, Liquid-Plumr clog removers, Poett home care products, Fresh Step cat litter, Glad bags, wraps and containers, Kingsford charcoal, Hidden Valley dressings and sauces, Brita water-filtration products and Burt's Bees natural personal care products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Firm operates through four divisions: Cleaning, Household, Lifestyle and global.