Federated Hermes Inc. Acquires 22,952 Shares of The Clorox Company (NYSE:CLX)

Federated Hermes Inc. boosted its holdings in The Clorox Company (NYSE:CLX) by 483.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,696 shares of the company’s stock after acquiring an additional 22,952 shares during the quarter. Federated Hermes Inc.’s holdings in Clorox were worth $3,949,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fortitude Family Office LLC bought a new stake in Clorox during the fourth quarter worth $29,000. Tyler Stone Wealth Management raised its holdings in shares of Clorox by 64.5% in the third quarter. Tyler Stone Wealth Management now owns 255 shares of the company’s stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. Hartford Financial Management Inc. lifted its position in shares of Clorox by 57.1% during the fourth quarter. Hartford Financial Management Inc. now owns 256 shares of the company’s stock valued at $37,000 after purchasing an additional 93 shares in the last quarter. Valley National Advisers Inc. boosted its holdings in Clorox by 458.3% during the fourth quarter. Valley National Advisers Inc. now owns 268 shares of the company’s stock worth $38,000 after purchasing an additional 220 shares during the last quarter. Finally, BKM Wealth Management LLC bought a new stake in Clorox in the 4th quarter worth about $41,000. 78.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CLX shares. Deutsche Bank Aktiengesellschaft cut their target price on Clorox from $155.00 to $151.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. UBS Group upped their price objective on Clorox from $145.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Barclays lowered their target price on Clorox from $148.00 to $136.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 10th. DA Davidson restated a “neutral” rating and set a $162.00 price target on shares of Clorox in a research report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Clorox from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Four investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $148.63.

Clorox Price Performance

CLX opened at $146.48 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 11.37. The company has a market cap of $18.18 billion, a price-to-earnings ratio of 232.51, a price-to-earnings-growth ratio of 2.34 and a beta of 0.43. The stock has a fifty day simple moving average of $149.39 and a two-hundred day simple moving average of $142.47. The Clorox Company has a 12-month low of $114.68 and a 12-month high of $178.21.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Thursday, February 1st. The company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $1.08. Clorox had a net margin of 1.09% and a return on equity of 319.41%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the business earned $0.98 EPS. Clorox’s quarterly revenue was up 16.0% compared to the same quarter last year. Research analysts predict that The Clorox Company will post 5.52 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be given a $1.20 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.28%. Clorox’s dividend payout ratio is currently 761.92%.

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.