Adirondack Trust Co. Trims Holdings in The Clorox Company (NYSE:CLX)

Adirondack Trust Co. decreased its position in The Clorox Company (NYSE:CLX) by 17.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 350 shares of the company’s stock after selling 75 shares during the period. Adirondack Trust Co.’s holdings in Clorox were worth $57,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brooklyn Investment Group boosted its position in Clorox by 163.8% during the fourth 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. Prospera Private Wealth LLC acquired a new position in shares of Clorox in the 3rd quarter valued at $27,000. Continuum Advisory LLC lifted its holdings in shares of Clorox by 300.0% during the third quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock worth $30,000 after purchasing an additional 138 shares during the period. Quarry LP boosted its holdings in shares of Clorox by 99.1% in the 2nd quarter. Quarry LP now owns 229 shares of the company’s stock valued at $31,000 after acquiring an additional 114 shares during the last quarter. Finally, Carolina Wealth Advisors LLC purchased a new position in shares of Clorox during the 3rd quarter valued at about $48,000. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. TD Cowen upgraded Clorox from a “sell” rating to a “hold” rating and boosted their price objective for the company from $155.00 to $170.00 in a research report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their target price on Clorox from $167.00 to $171.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Jefferies Financial Group upgraded Clorox from a “hold” rating to a “buy” rating and lifted their target price for the company from $174.00 to $187.00 in a research report on Tuesday, October 1st. DA Davidson lifted their price objective on Clorox from $153.00 to $171.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Evercore ISI cut their target price on shares of Clorox from $140.00 to $139.00 and set an “underperform” rating on the stock in a research note on Monday, October 14th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Clorox has a consensus rating of “Hold” and an average target price of $156.54.

Clorox Trading Down 0.7 %

NYSE CLX opened at $158.91 on Thursday. The Clorox Company has a 12 month low of $127.60 and a 12 month high of $171.37. The company has a market capitalization of $19.67 billion, a price-to-earnings ratio of 55.37, a price-to-earnings-growth ratio of 2.95 and a beta of 0.42. The company has a debt-to-equity ratio of 11.08, a current ratio of 1.00 and a quick ratio of 0.62. The firm’s fifty day moving average price is $163.93 and its 200 day moving average price is $157.11.

Clorox (NYSE:CLX) last posted its earnings results on Wednesday, October 30th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.50. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Clorox had a return on equity of 316.08% and a net margin of 4.78%. The business’s revenue was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 earnings per share. On average, sell-side analysts expect that The Clorox Company will post 6.87 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Wednesday, January 29th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Wednesday, January 29th. Clorox’s payout ratio is currently 170.04%.

About Clorox

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.