Mechanics Bank Trust Department cut its holdings in Clorox Co (NYSE:CLX) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,543 shares of the company’s stock after selling 308 shares during the quarter. Mechanics Bank Trust Department’s holdings in Clorox were worth $2,088,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Advisor Partners LLC increased its stake in shares of Clorox by 10.5% during the fourth quarter. Advisor Partners LLC now owns 5,248 shares of the company’s stock valued at $809,000 after buying an additional 499 shares during the period. D.A. Davidson & CO. lifted its holdings in Clorox by 13.9% in the fourth quarter. D.A. Davidson & CO. now owns 13,865 shares of the company’s stock valued at $2,137,000 after acquiring an additional 1,694 shares during the period. Hanseatic Management Services Inc. purchased a new stake in Clorox in the 4th quarter valued at $572,000. Raymond James Trust N.A. increased its holdings in shares of Clorox by 10.0% in the 4th quarter. Raymond James Trust N.A. now owns 7,219 shares of the company’s stock valued at $1,113,000 after acquiring an additional 657 shares during the last quarter. Finally, Royal London Asset Management Ltd. acquired a new stake in shares of Clorox in the 4th quarter valued at approximately $8,565,000. 82.60% of the stock is currently owned by institutional investors.
In related news, SVP Matthew T. Laszlo sold 10,585 shares of the firm’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $153.89, for a total value of $1,628,925.65. Following the transaction, the senior vice president now directly owns 17,994 shares of the company’s stock, valued at approximately $2,769,096.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Matthew T. Laszlo sold 13,485 shares of Clorox stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $161.04, for a total value of $2,171,624.40. Following the completion of the transaction, the senior vice president now owns 20,098 shares of the company’s stock, valued at approximately $3,236,581.92. The disclosure for this sale can be found here. Insiders sold a total of 249,846 shares of company stock worth $40,871,653 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.
Shares of NYSE CLX opened at $156.31 on Thursday. The stock has a market cap of $19.95 billion, a P/E ratio of 24.97, a P/E/G ratio of 3.86 and a beta of 0.29. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.66 and a current ratio of 1.15. Clorox Co has a 12-month low of $113.57 and a 12-month high of $167.70.
Clorox (NYSE:CLX) last released its quarterly earnings data on Monday, February 4th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.08. Clorox had a return on equity of 105.97% and a net margin of 12.65%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the firm posted $1.77 earnings per share. Clorox’s revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts forecast that Clorox Co will post 6.33 earnings per share for the current fiscal year.
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The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Cleaning, Household, Lifestyle, and International. The company offers laundry additives, including bleach products under the Clorox brand, as well as Clorox 2 stain fighter and color booster; home care products primarily under the Clorox, Formula 409, Liquid-Plumr, Pine-Sol, S.O.S, and Tilex brands; naturally derived products under the Green Works brand; and professional cleaning, disinfecting, and food service products under the Clorox, Dispatch, HealthLink, Clorox Healthcare, Hidden Valley, KC Masterpiece, and Soy Vay brands.
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