Delta Global Management LP Invests $2.50 Million in The Clorox Company $CLX

Delta Global Management LP acquired a new stake in The Clorox Company (NYSE:CLX) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,271 shares of the company’s stock, valued at approximately $2,499,000.

A number of other large investors have also made changes to their positions in the stock. DoubleLine ETF Adviser LP purchased a new position in shares of Clorox during the third quarter valued at approximately $794,000. Elevation Point Wealth Partners LLC lifted its position in Clorox by 38.0% during the third quarter. Elevation Point Wealth Partners LLC now owns 2,998 shares of the company’s stock worth $370,000 after buying an additional 826 shares during the period. Bollard Group LLC boosted its stake in Clorox by 5.9% in the 3rd quarter. Bollard Group LLC now owns 16,129 shares of the company’s stock worth $1,989,000 after buying an additional 895 shares during the last quarter. Crawford Investment Counsel Inc. boosted its stake in Clorox by 544.4% in the 3rd quarter. Crawford Investment Counsel Inc. now owns 80,322 shares of the company’s stock worth $9,904,000 after buying an additional 67,858 shares during the last quarter. Finally, Cannell & Spears LLC purchased a new stake in Clorox in the 3rd quarter valued at about $201,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Evercore lowered their price objective on shares of Clorox from $132.00 to $115.00 and set an “underperform” rating for the company in a research note on Wednesday, February 4th. JPMorgan Chase & Co. boosted their price target on Clorox from $114.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft decreased their price target on Clorox from $114.00 to $112.00 and set a “hold” rating for the company in a report on Wednesday, February 4th. TD Cowen increased their price objective on shares of Clorox from $108.00 to $111.00 and gave the company a “hold” rating in a research report on Wednesday, February 4th. Finally, Zacks Research upgraded shares of Clorox from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $118.73.

Clorox Trading Up 1.7%

NYSE:CLX opened at $110.57 on Monday. The stock has a market cap of $13.37 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 0.55 and a beta of 0.59. The Clorox Company has a one year low of $96.66 and a one year high of $150.84. The company has a debt-to-equity ratio of 71.03, a quick ratio of 0.48 and a current ratio of 0.74. The business’s 50-day simple moving average is $115.65 and its 200 day simple moving average is $113.29.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.04). Clorox had a net margin of 11.17% and a return on equity of 383.01%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business earned $1.55 EPS. Clorox’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, sell-side analysts predict that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Wednesday, April 22nd will be issued a $1.24 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.96 annualized dividend and a yield of 4.5%. Clorox’s dividend payout ratio is currently 81.05%.

Clorox Company Profile

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.