State Treasurer State of Michigan increased its holdings in Clorox Co (NYSE:CLX) by 1.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,970 shares of the company’s stock after purchasing an additional 400 shares during the period. State Treasurer State of Michigan’s holdings in Clorox were worth $5,932,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of CLX. Athena Capital Advisors LLC purchased a new stake in shares of Clorox during the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Clorox during the 4th quarter worth approximately $26,000. Capital Financial Planning LLC purchased a new stake in shares of Clorox during the 4th quarter worth approximately $32,000. Paragon Capital Management LLC bought a new position in shares of Clorox during the 1st quarter valued at approximately $35,000. Finally, City Holding Co. increased its position in shares of Clorox by 150.0% during the 4th quarter. City Holding Co. now owns 250 shares of the company’s stock valued at $39,000 after purchasing an additional 150 shares during the last quarter. 77.91% of the stock is currently owned by institutional investors.
Several research firms have recently weighed in on CLX. Wells Fargo & Co reissued a “hold” rating and set a $157.00 target price on shares of Clorox in a research report on Thursday, February 21st. BMO Capital Markets set a $175.00 target price on Clorox and gave the company a “buy” rating in a research report on Tuesday, February 5th. Zacks Investment Research raised Clorox from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Credit Suisse Group began coverage on Clorox in a research report on Wednesday, March 6th. They set an “outperform” rating and a $172.00 target price on the stock. Finally, JPMorgan Chase & Co. downgraded Clorox from a “neutral” rating to an “underweight” rating and cut their target price for the company from $159.00 to $139.00 in a research report on Monday, April 8th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Clorox currently has an average rating of “Hold” and a consensus target price of $149.57.
NYSE CLX opened at $147.23 on Thursday. The company has a market cap of $19.00 billion, a PE ratio of 23.52, a P/E/G ratio of 4.34 and a beta of 0.31. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.66 and a current ratio of 1.10. Clorox Co has a fifty-two week low of $116.17 and a fifty-two week high of $167.70.
Clorox (NYSE:CLX) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $1.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.47 by ($0.03). The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.57 billion. Clorox had a net margin of 12.68% and a return on equity of 108.82%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company earned $1.37 EPS. On average, equities analysts expect that Clorox Co will post 6.29 earnings per share for the current year.
In other Clorox news, SVP Andrew J. Mowery sold 5,340 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $156.44, for a total value of $835,389.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.
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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