Mechanics Bank Trust Department reduced its stake in Clorox Company (The) (NYSE:CLX) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,671 shares of the company’s stock after selling 515 shares during the quarter. Mechanics Bank Trust Department’s holdings in Clorox Company (The) were worth $1,804,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Synovus Financial Corp lifted its holdings in shares of Clorox Company (The) by 14.5% in the 2nd quarter. Synovus Financial Corp now owns 8,786 shares of the company’s stock worth $1,173,000 after acquiring an additional 1,114 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of Clorox Company (The) in the 2nd quarter worth approximately $2,184,000. Ameriprise Financial Inc. lifted its holdings in shares of Clorox Company (The) by 24.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,341,272 shares of the company’s stock worth $178,433,000 after acquiring an additional 265,200 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Clorox Company (The) by 3.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 44,974 shares of the company’s stock worth $5,992,000 after acquiring an additional 1,399 shares during the last quarter. Finally, Great Lakes Advisors LLC lifted its holdings in shares of Clorox Company (The) by 3.3% in the 2nd quarter. Great Lakes Advisors LLC now owns 5,970 shares of the company’s stock worth $795,000 after acquiring an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 71.56% of the company’s stock.

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In other Clorox Company (The) news, SVP Jon M. Balousek sold 9,223 shares of Clorox Company (The) stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $138.87, for a total transaction of $1,280,798.01. Following the transaction, the senior vice president now directly owns 20,614 shares of the company’s stock, valued at $2,862,666.18. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP James E. Foster sold 9,861 shares of Clorox Company (The) stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $138.51, for a total transaction of $1,365,847.11. Following the transaction, the executive vice president now directly owns 22,069 shares in the company, valued at $3,056,777.19. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,242 shares of company stock worth $2,944,449. 1.00% of the stock is currently owned by corporate insiders.

Several equities analysts have recently commented on the stock. Jefferies Group LLC restated a “hold” rating and issued a $137.00 price objective (up from $136.00) on shares of Clorox Company (The) in a report on Wednesday, August 9th. BidaskClub upgraded shares of Clorox Company (The) from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Barclays PLC restated an “equal weight” rating and issued a $136.00 price objective (down from $140.00) on shares of Clorox Company (The) in a report on Friday, August 4th. BMO Capital Markets set a $150.00 price objective on shares of Clorox Company (The) and gave the stock a “buy” rating in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $115.00 price objective on shares of Clorox Company (The) in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $127.39.

Clorox Company (NYSE:CLX) traded up 1.14% during midday trading on Tuesday, reaching $126.75. 750,164 shares of the company’s stock were exchanged. Clorox Company has a 52 week low of $111.24 and a 52 week high of $141.76. The firm has a market capitalization of $16.36 billion, a P/E ratio of 23.76 and a beta of 0.40. The stock’s 50 day moving average is $130.93 and its 200 day moving average is $133.87.

Clorox Company (The) (NYSE:CLX) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.04. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Clorox Company (The) had a net margin of 11.74% and a return on equity of 190.67%. Clorox Company (The)’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.30 earnings per share. On average, analysts expect that Clorox Company will post $5.64 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Wednesday, October 25th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $3.36 dividend on an annualized basis and a yield of 2.68%. Clorox Company (The)’s dividend payout ratio (DPR) is 63.04%.

About Clorox Company (The)

The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.

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Institutional Ownership by Quarter for Clorox Company (The) (NYSE:CLX)

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