L. Roy Papp & Associates LLP Has $2.26 Million Stake in The Clorox Company (NYSE:CLX)

L. Roy Papp & Associates LLP trimmed its holdings in The Clorox Company (NYSE:CLX) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,586 shares of the company’s stock after selling 295 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in Clorox were worth $2,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of CLX. Vanguard Group Inc. boosted its stake in shares of Clorox by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 15,277,580 shares of the company’s stock valued at $2,339,150,000 after purchasing an additional 48,632 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Clorox during the fourth quarter worth about $144,844,000. Norges Bank bought a new position in Clorox in the fourth quarter valued at approximately $128,382,000. Parsifal Capital Management LP acquired a new position in Clorox in the 4th quarter worth $128,245,000. Finally, Confluence Investment Management LLC acquired a new position in shares of Clorox during the first quarter worth about $135,630,000. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Evercore ISI lowered their price objective on Clorox from $145.00 to $142.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 1st. UBS Group dropped their target price on Clorox from $164.00 to $159.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Clorox from $144.00 to $151.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Wells Fargo & Company decreased their target price on shares of Clorox from $135.00 to $130.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. lowered their price objective on Clorox from $150.00 to $148.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $141.94.

Clorox Stock Performance

Shares of CLX traded up $1.94 during trading hours on Friday, hitting $153.06. The stock had a trading volume of 943,433 shares, compared to its average volume of 1,258,505. The firm has a market capitalization of $19.01 billion, a price-to-earnings ratio of 78.30, a PEG ratio of 1.97 and a beta of 0.39. The Clorox Company has a fifty-two week low of $114.68 and a fifty-two week high of $158.89. The company has a debt-to-equity ratio of 9.73, a quick ratio of 0.53 and a current ratio of 0.90. The firm has a 50-day moving average price of $137.96 and a 200 day moving average price of $142.48.

Clorox Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be paid a $1.22 dividend. This is a boost from Clorox’s previous quarterly dividend of $1.20. The ex-dividend date is Tuesday, August 13th. This represents a $4.88 annualized dividend and a dividend yield of 3.19%. Clorox’s dividend payout ratio is 252.85%.

Clorox Company 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.