Halbert Hargrove Global Advisors LLC Invests $36,000 in The Clorox Company (NYSE:CLX)

Halbert Hargrove Global Advisors LLC purchased a new position in The Clorox Company (NYSE:CLX) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 220 shares of the company’s stock, valued at approximately $36,000.

A number of other institutional investors and hedge funds have also modified their holdings of CLX. Wealth Group Ltd. acquired a new stake in shares of Clorox in the 3rd quarter worth approximately $231,000. First Trust Direct Indexing L.P. grew its holdings in Clorox by 42.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,236 shares of the company’s stock valued at $853,000 after buying an additional 1,563 shares during the last quarter. Pinnacle Associates Ltd. increased its position in Clorox by 7.1% during the third quarter. Pinnacle Associates Ltd. now owns 15,056 shares of the company’s stock worth $2,453,000 after buying an additional 998 shares in the last quarter. Cigna Investments Inc. New purchased a new position in Clorox during the third quarter worth $203,000. Finally, Eads & Heald Wealth Management increased its position in Clorox by 8.5% during the third quarter. Eads & Heald Wealth Management now owns 7,949 shares of the company’s stock worth $1,295,000 after buying an additional 622 shares in the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CLX shares. Barclays raised their price target on Clorox from $130.00 to $140.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $150.00 price target on shares of Clorox in a research report on Thursday, January 30th. TD Cowen raised Clorox from a “sell” rating to a “hold” rating and raised their price target for the stock from $155.00 to $170.00 in a research report on Wednesday, November 6th. JPMorgan Chase & Co. raised their price target on Clorox from $171.00 to $173.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, DA Davidson lowered their price objective on Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $159.62.

Clorox Price Performance

CLX stock opened at $156.52 on Friday. The stock has a 50-day moving average price of $156.88 and a two-hundred day moving average price of $160.26. The Clorox Company has a 12-month low of $127.60 and a 12-month high of $171.37. 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 company has a market cap of $19.28 billion, a PE ratio of 42.76, a price-to-earnings-growth ratio of 2.62 and a beta of 0.42.

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

Clorox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Wednesday, April 23rd. Clorox’s dividend payout ratio is presently 133.33%.

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.