Aquatic Capital Management LLC Purchases Shares of 44,707 The Clorox Company $CLX

Aquatic Capital Management LLC acquired a new position in The Clorox Company (NYSE:CLX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 44,707 shares of the company’s stock, valued at approximately $5,512,000.

Several other hedge funds have also modified their holdings of the company. Total Investment Management Inc. bought a new stake in Clorox in the second quarter worth $25,000. Center for Financial Planning Inc. bought a new position in Clorox during the third quarter valued at $25,000. True Wealth Design LLC lifted its position in Clorox by 1,020.0% during the third quarter. True Wealth Design LLC now owns 224 shares of the company’s stock valued at $28,000 after purchasing an additional 204 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Clorox in the 3rd quarter worth $29,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Clorox in the 2nd quarter worth about $29,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Barclays restated an “underweight” rating and set a $109.00 target price on shares of Clorox in a research report on Friday, January 16th. Jefferies Financial Group dropped their price target on Clorox from $152.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Citigroup boosted their price objective on Clorox from $109.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Wells Fargo & Company set a $125.00 price objective on Clorox in a research report on Tuesday, February 17th. Finally, Royal Bank Of Canada set a $132.00 price objective on Clorox in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $118.73.

Clorox Trading Up 1.3%

CLX opened at $112.09 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.74 and a debt-to-equity ratio of 71.03. The stock’s fifty day moving average is $115.87 and its two-hundred day moving average is $113.25. The company has a market capitalization of $13.55 billion, a P/E ratio of 18.32, a PEG ratio of 0.55 and a beta of 0.59. The Clorox Company has a 52 week low of $96.66 and a 52 week high of $150.84.

Clorox (NYSE:CLX) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.04). The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.64 billion. Clorox had a return on equity of 383.01% and a net margin of 11.17%.Clorox’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.55 EPS. Analysts forecast that The Clorox Company will post 7.15 earnings per share for the current year.

Clorox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Wednesday, April 22nd will be given a dividend of $1.24 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.96 dividend on an annualized basis and a yield of 4.4%. Clorox’s dividend payout ratio (DPR) is 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.