Peapack Gladstone Financial Corp Sells 353 Shares of The Clorox Company (NYSE:CLX)

Peapack Gladstone Financial Corp reduced its stake in The Clorox Company (NYSE:CLX) by 4.0% during the 4th quarter, HoldingsChannel reports. The fund owned 8,551 shares of the company’s stock after selling 353 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Clorox were worth $1,389,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group lifted its holdings in shares of Clorox by 163.8% in 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. Continuum Advisory LLC raised its position in Clorox by 300.0% in the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock valued at $30,000 after buying an additional 138 shares during the last quarter. Millstone Evans Group LLC bought a new stake in Clorox in the 4th quarter valued at approximately $31,000. Asset Planning Inc acquired a new position in Clorox during the 4th quarter worth approximately $32,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Clorox in the fourth quarter valued at approximately $36,000. 78.53% of the stock is owned by institutional investors and hedge funds.

Clorox Stock Down 1.7 %

Clorox stock opened at $136.51 on Wednesday. The company’s 50-day moving average price is $148.69 and its two-hundred day moving average price is $157.86. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 20.52. The stock has a market cap of $16.82 billion, a P/E ratio of 37.30, a P/E/G ratio of 2.62 and a beta of 0.61. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37.

Clorox (NYSE:CLX) last announced its 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 quarter last year, the company earned $2.16 EPS. As a group, analysts expect that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 23rd will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Wednesday, April 23rd. Clorox’s dividend payout ratio is 133.33%.

Wall Street Analyst Weigh In

Several research analysts recently commented on CLX shares. DA Davidson reduced their target price on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Barclays decreased their price objective on Clorox from $140.00 to $139.00 and set an “underweight” rating for the company in a report on Thursday, March 27th. StockNews.com lowered Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. Evercore ISI increased their price target on Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company lowered their price target on Clorox from $161.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Three investment 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 MarketBeat, the company currently has an average rating of “Hold” and an average price target of $159.00.

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.