Clorox Company (The) (CLX) Receives Average Recommendation of “Hold” from Brokerages

Shares of Clorox Company (The) (NYSE:CLX) have been assigned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $125.42.

Several research firms recently issued reports on CLX. Jefferies Group LLC reaffirmed a “hold” rating and issued a $137.00 price objective (up from $136.00) on shares of Clorox Company (The) in a research report on Wednesday, August 9th. BidaskClub raised Clorox Company (The) from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Barclays PLC reaffirmed an “equal weight” rating and issued a $136.00 price objective (down from $140.00) on shares of Clorox Company (The) in a research report on Friday, August 4th. BMO Capital Markets set a $150.00 target price on shares of Clorox Company (The) and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $115.00 target price on shares of Clorox Company (The) in a research note on Wednesday, August 2nd.

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In other news, COO Dawn C. Willoughby sold 2,158 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $138.00, for a total value of $297,804.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP James E. Foster sold 9,861 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $138.51, for a total transaction of $1,365,847.11. Following the completion of the transaction, the executive vice president now owns 22,069 shares in the company, valued at $3,056,777.19. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,242 shares of company stock valued at $2,944,449. 1.00% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of CLX. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Clorox Company (The) in the 1st quarter valued at approximately $313,000. Tredje AP fonden grew its position in shares of Clorox Company (The) by 29.3% in the 1st quarter. Tredje AP fonden now owns 37,476 shares of the company’s stock valued at $5,053,000 after buying an additional 8,496 shares during the last quarter. AE Wealth Management LLC purchased a new position in shares of Clorox Company (The) in the 1st quarter valued at $385,000. ARGI Investment Services LLC grew its position in shares of Clorox Company (The) by 23.7% in the 1st quarter. ARGI Investment Services LLC now owns 7,714 shares of the company’s stock valued at $1,040,000 after buying an additional 1,480 shares during the last quarter. Finally, Choate Investment Advisors grew its position in shares of Clorox Company (The) by 32.7% in the 1st quarter. Choate Investment Advisors now owns 3,285 shares of the company’s stock valued at $443,000 after buying an additional 810 shares during the last quarter. Hedge funds and other institutional investors own 71.56% of the company’s stock.

Clorox Company (NYSE CLX) traded up 0.97% on Thursday, hitting $126.53. The stock had a trading volume of 2,163,610 shares. Clorox Company has a 1-year low of $111.24 and a 1-year high of $141.76. The company has a market cap of $16.33 billion, a P/E ratio of 23.72 and a beta of 0.40. The stock has a 50 day moving average price of $130.93 and a 200 day moving average price of $133.87.

Clorox Company (The) (NYSE:CLX) last released its quarterly earnings data on Thursday, August 3rd. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.04. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Clorox Company (The) had a return on equity of 190.67% and a net margin of 11.74%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.30 EPS. On average, equities research analysts expect that Clorox Company will post $5.64 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Wednesday, October 25th will be paid a dividend of $0.84 per share. The ex-dividend date is Tuesday, October 24th. This represents a $3.36 annualized dividend and a yield of 2.66%. Clorox Company (The)’s dividend payout ratio is presently 63.04%.

Clorox Company (The) Company Profile

The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.

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