Trust Co. of Vermont Sells 5,946 Shares of The Clorox Company $CLX

Trust Co. of Vermont lessened its holdings in shares of The Clorox Company (NYSE:CLX) by 26.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,177 shares of the company’s stock after selling 5,946 shares during the period. Trust Co. of Vermont’s holdings in Clorox were worth $1,631,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CLX. Total Investment Management Inc. purchased a new position in shares of Clorox during the second quarter valued at approximately $25,000. Center for Financial Planning Inc. bought a new position in shares of Clorox during the third quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Clorox in the third quarter worth $25,000. True Wealth Design LLC boosted its holdings in Clorox by 1,020.0% in the third quarter. True Wealth Design LLC now owns 224 shares of the company’s stock valued at $28,000 after acquiring an additional 204 shares in the last quarter. Finally, Root Financial Partners LLC bought a new stake in Clorox in the third quarter valued at $29,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on CLX shares. TD Cowen upped their price objective on shares of Clorox from $98.00 to $111.00 and gave the stock a “hold” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft cut their target price on shares of Clorox from $112.00 to $101.00 and set a “hold” rating on the stock in a research note on Monday. Evercore decreased their price target 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. Barclays restated an “underweight” rating and issued a $109.00 price objective on shares of Clorox in a report on Friday, January 16th. Finally, Rothschild & Co Redburn set a $117.00 price objective on Clorox in a research report on Friday, February 13th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $118.00.

Clorox Trading Down 3.1%

Shares of NYSE CLX opened at $100.99 on Friday. The Clorox Company has a 1 year low of $96.66 and a 1 year high of $150.84. The company has a debt-to-equity ratio of 71.03, a current ratio of 0.74 and a quick ratio of 0.48. The firm has a 50-day moving average of $115.02 and a 200 day moving average of $111.72. The stock has a market cap of $12.21 billion, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 0.51 and a beta of 0.65.

Clorox (NYSE:CLX) last announced 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 return on equity of 383.01% and a net margin of 11.17%.The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the company posted $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 expect that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Wednesday, April 22nd will be given a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Wednesday, April 22nd. Clorox’s dividend payout ratio (DPR) is 81.05%.

Clorox 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.