The Clorox Company (NYSE:CLX) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. reduced its stake in The Clorox Company (NYSE:CLX) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,131 shares of the company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Clorox were worth $973,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CLX. Czech National Bank raised its stake in shares of Clorox by 8.4% during the second quarter. Czech National Bank now owns 23,665 shares of the company’s stock valued at $3,230,000 after purchasing an additional 1,829 shares during the period. Diversify Advisory Services LLC lifted its holdings in Clorox by 3.9% in the 2nd quarter. Diversify Advisory Services LLC now owns 2,441 shares of the company’s stock worth $322,000 after buying an additional 92 shares in the last quarter. Gateway Investment Advisers LLC lifted its holdings in Clorox by 92.7% in the 2nd quarter. Gateway Investment Advisers LLC now owns 8,337 shares of the company’s stock worth $1,138,000 after buying an additional 4,011 shares in the last quarter. Atlas Private Wealth Advisors boosted its position in Clorox by 110.2% in the 2nd quarter. Atlas Private Wealth Advisors now owns 15,382 shares of the company’s stock valued at $2,099,000 after buying an additional 8,065 shares during the last quarter. Finally, Southland Equity Partners LLC purchased a new stake in shares of Clorox during the second quarter worth about $257,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. TD Cowen began coverage on Clorox in a report on Tuesday, July 23rd. They issued a “sell” rating and a $122.00 price target for the company. DA Davidson decreased their price target on shares of Clorox from $162.00 to $153.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. UBS Group cut their price target on shares of Clorox from $164.00 to $159.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Evercore ISI decreased their price objective on shares of Clorox from $145.00 to $142.00 and set an “underperform” rating for the company in a report on Wednesday, May 1st. Finally, BNP Paribas assumed coverage on shares of Clorox in a research report on Monday, June 24th. They issued an “underperform” rating and a $130.00 target price for the company. Six equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. According to MarketBeat.com, Clorox has an average rating of “Hold” and an average price target of $141.94.

Clorox Trading Down 1.0 %

Shares of NYSE CLX traded down $1.42 during midday trading on Monday, reaching $141.61. 577,884 shares of the stock were exchanged, compared to its average volume of 1,264,062. The Clorox Company has a 12 month low of $114.68 and a 12 month high of $162.43. The company has a market capitalization of $17.59 billion, a price-to-earnings ratio of 73.16, a P/E/G ratio of 1.97 and a beta of 0.39. The company has a debt-to-equity ratio of 9.73, a current ratio of 0.90 and a quick ratio of 0.53. The business has a 50-day simple moving average of $135.26 and a two-hundred day simple moving average of $142.41.

Clorox Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th will be paid a $1.22 dividend. This is an increase 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 3.45%. Clorox’s dividend payout ratio (DPR) is currently 252.85%.

About Clorox

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.