Other large investors have also bought and sold shares of the company. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its stake in Clorox Company (The) by 5.9% in the first quarter. BlackRock Inc. raised its stake in Clorox by 38.9% in the second quarter. The company reported $1.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.42 by $0.06. Sumitomo Mitsui Trust Holdings, Inc. expanded its position by buying 2,535 shares an increase of 0.6% as of 09/30/2017. Ameriprise Financial Inc. now owns 1,341,272 shares of the company's stock worth $178,433,000 after purchasing an additional 265,200 shares during the last quarter. Spruce House Investment Management Llc acquired 717,614 shares as Installed Bldg Prods Inc (IBP)'s stock rose 17.15%. BlackRock Fund Advisors now owns 3,275,427 shares of the company's stock worth $453,286,000 after buying an additional 248,436 shares during the period.
Barclays Capital maintained the shares of CLX in report on Friday, August 4 with "Equal-Weight" rating. Jefferies Group LLC restated a "hold" rating and issued a $137.00 target price (up previously from $136.00) on shares of Clorox Company (The) in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada restated a "hold" rating and set a $115.00 price target on shares of Clorox Company (The) in a report on Wednesday, August 2nd. BidaskClub lowered shares of Clorox Company (The) from a "sell" rating to a "strong sell" rating in a research note on Monday, July 24th. On October 5 BMO Capital Markets maintained a company rating of "Buy" projecting a price of $150.00.
When we look at the Analyst Recommendations of the stock, the company has 2.87 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Over the past twelve months, The Clorox Company (NYSE:CLX)'s stock was 12.55%.
The company is so far trading up by 1.05% percent from yesterday's close. The stock had a trading volume of 718,800 shares, compared to its average volume of 815,927. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.77 and a current ratio of 1.10.
The P/E ratio is 24.72 and market cap is 17.36B. Clorox Company has a fifty-two week low of $111.77 and a fifty-two week high of $141.76.
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Clorox Company (The) (NYSE:CLX) last announced its quarterly earnings results on Wednesday, November 1st. Clorox had a net margin of 11.25% and a return on equity of 296.91%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. They expect $1.60 EPS, 0.00% or $0.00 from last year's $1.6 per share. The Clorox Company had 40 analyst reports since August 5, 2015 according to SRatingsIntel.
The firm also recently declared 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. The stock increased 3.46% or $2.1 on November 10, reaching $62.85. The firm earned "Underperform" rating on Tuesday, October 4 by Credit Suisse. The SI to Clorox Company Del's float is 4.66%.
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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The shares were sold at an average price of $138.87, for a total value of $1,280,798.01. 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. The disclosure for this sale can be found here. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares.
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The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and global.
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