Analysts Set The Clorox Company (NYSE:CLX) PT at $101.40

The Clorox Company (NYSE:CLX) has been given an average recommendation of “Reduce” by the seventeen analysts that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $101.40.

Several research analysts have recently issued reports on CLX shares. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on Clorox in a research note on Tuesday, August 4th. Evercore set a $99.00 price target on shares of Clorox in a research report on Tuesday, August 4th. Wall Street Zen upgraded shares of Clorox from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th. JPMorgan Chase & Co. upped their price objective on shares of Clorox from $92.00 to $95.00 and gave the company an “underweight” rating in a report on Tuesday, August 4th. Finally, Zacks Research upgraded shares of Clorox from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th.

Clorox Stock Performance

Shares of Clorox stock opened at $83.86 on Friday. The company has a 50 day moving average price of $97.66 and a 200 day moving average price of $98.25. The firm has a market capitalization of $10.14 billion, a P/E ratio of 17.40, a PEG ratio of 2.73 and a beta of 0.56. The company has a quick ratio of 0.38, a current ratio of 0.66 and a debt-to-equity ratio of 15.80. Clorox has a 52 week low of $82.51 and a 52 week high of $128.90.

Clorox (NYSE:CLX) last released its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.02. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the firm earned $2.87 EPS. The firm’s revenue was down 2.0% on a year-over-year basis. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Sell-side analysts expect that Clorox will post 5.8 EPS for the current year.

Clorox Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Wednesday, August 12th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $5.00 annualized dividend and a yield of 6.0%. This is an increase from Clorox’s previous quarterly dividend of $1.24. Clorox’s payout ratio is 103.73%.

Institutional Trading of Clorox

A number of hedge funds have recently modified their holdings of CLX. BlackRock Inc. acquired a new position in Clorox in the second quarter valued at approximately $958,640,000. Bank of America Corp DE purchased a new position in shares of Clorox during the 2nd quarter valued at approximately $179,780,000. Norges Bank acquired a new position in shares of Clorox in the 4th quarter valued at $135,735,000. Bank of New York Mellon Corp purchased a new stake in Clorox during the second quarter worth $123,154,000. Finally, Equity Investment Corp purchased a new stake in Clorox during the second quarter worth $111,800,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

About Clorox

The Clorox Company (NYSE: CLX) is a consumer products company that develops, manufactures and markets household, health and wellness, and lifestyle products. Its portfolio includes cleaning and disinfecting products, laundry and home-care items, food products, personal-care products, water-filtration systems, charcoal, and cat litter.

Clorox’s brands include Clorox bleach and disinfecting products, Pine-Sol, Fresh Step and Scoop Away, Kingsford, Brita, Burt’s Bees, Hidden Valley, and products marketed under the Glad name.