Radnor Capital Management LLC Purchases New Position in The Clorox Company (NYSE:CLX)

Radnor Capital Management LLC purchased a new position in The Clorox Company (NYSE:CLX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,392 shares of the company’s stock, valued at approximately $553,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in shares of Clorox in the second quarter worth approximately $30,000. Trifecta Capital Advisors LLC increased its position in shares of Clorox by 139.8% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 223 shares of the company’s stock valued at $30,000 after purchasing an additional 130 shares during the last quarter. First Foundation Advisors bought a new stake in Clorox during the first quarter valued at approximately $31,000. Family Firm Inc. bought a new position in Clorox in the second quarter worth approximately $31,000. Finally, Quarry LP increased its stake in shares of Clorox by 99.1% in the 2nd quarter. Quarry LP now owns 229 shares of the company’s stock worth $31,000 after purchasing an additional 114 shares in the last quarter. Institutional investors own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

CLX has been the subject of several analyst reports. Barclays increased their target price on shares of Clorox from $137.00 to $139.00 and gave the stock an “underweight” rating in a report on Friday, November 1st. Wells Fargo & Company decreased their price target on shares of Clorox from $135.00 to $130.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. BNP Paribas raised shares of Clorox to a “strong sell” rating in a report on Friday, September 6th. TD Cowen raised shares of Clorox from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $155.00 to $170.00 in a research note on Wednesday. Finally, Citigroup upped their price target on shares of Clorox from $165.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Clorox currently has a consensus rating of “Hold” and a consensus price target of $155.00.

Insider Buying and Selling

In other Clorox news, EVP Angela C. Hilt sold 1,733 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was 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 of the company’s stock, valued at $2,229,719.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is currently owned by company insiders.

Clorox Trading Up 0.2 %

Clorox stock opened at $162.70 on Thursday. The stock’s 50 day simple moving average is $161.89 and its two-hundred day simple moving average is $146.58. The firm has a market cap of $20.14 billion, a PE ratio of 56.69, a P/E/G ratio of 3.11 and a beta of 0.41. The Clorox Company has a 12 month low of $127.60 and a 12 month high of $169.09. The company has a current ratio of 1.00, a quick ratio of 0.62 and a debt-to-equity ratio of 11.08.

Clorox (NYSE:CLX) last announced its earnings results on Wednesday, October 30th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.50. Clorox had a return on equity of 316.08% and a net margin of 4.78%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the firm posted $0.49 EPS. The business’s revenue was up 27.0% on a year-over-year basis. Analysts anticipate that The Clorox Company will post 6.81 earnings per share for the current year.

Clorox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Wednesday, October 23rd will be issued a $1.22 dividend. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $4.88 annualized dividend and a yield of 3.00%. Clorox’s payout ratio is 170.03%.

Clorox Company 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.