Polymer Capital Management US LLC Takes $641,000 Position in The Clorox Company (NYSE:CLX)

Polymer Capital Management US LLC acquired a new stake in shares of The Clorox Company (NYSE:CLX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,945 shares of the company’s stock, valued at approximately $641,000.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group raised its position in shares of Clorox by 163.8% during the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock worth $25,000 after purchasing an additional 95 shares during the period. Continuum Advisory LLC increased its position in Clorox by 300.0% in the third quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock worth $30,000 after buying an additional 138 shares during the period. Millstone Evans Group LLC acquired a new stake in Clorox in the fourth quarter worth $31,000. Asset Planning Inc bought a new stake in Clorox in the fourth quarter valued at $32,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Clorox during the fourth quarter valued at $33,000. Institutional investors own 78.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CLX. Wells Fargo & Company reduced their target price on shares of Clorox from $161.00 to $155.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. increased their price objective on Clorox from $171.00 to $173.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. DA Davidson cut their target price on Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 price target on shares of Clorox in a research note on Thursday, January 30th. Finally, Evercore ISI upped their price objective on shares of Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. Three 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $159.00.

Clorox Price Performance

Shares of NYSE:CLX opened at $143.76 on Monday. The company has a debt-to-equity ratio of 20.52, a quick ratio of 0.60 and a current ratio of 0.94. The company has a market capitalization of $17.71 billion, a PE ratio of 39.28, a price-to-earnings-growth ratio of 2.62 and a beta of 0.45. The stock has a fifty day moving average of $150.06 and a 200-day moving average of $158.36. The Clorox Company has a one year low of $127.60 and a one year high of $171.37.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, topping 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 period in the previous year, the company posted $2.16 EPS. As a group, equities analysts anticipate that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.39%. The ex-dividend date is Wednesday, April 23rd. Clorox’s payout ratio is 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.