OLD National Bancorp IN Sells 1,231 Shares of The Clorox Company (NYSE:CLX)

OLD National Bancorp IN cut its holdings in shares of The Clorox Company (NYSE:CLX) by 9.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,213 shares of the company’s stock after selling 1,231 shares during the period. OLD National Bancorp IN’s holdings in Clorox were worth $1,741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in Clorox by 17,658.5% during the fourth quarter. International Assets Investment Management LLC now owns 484,453 shares of the company’s stock valued at $69,078,000 after acquiring an additional 481,725 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in shares of Clorox in the third quarter worth $6,605,000. Eagle Rock Investment Company LLC purchased a new position in shares of Clorox in the fourth quarter worth $2,940,000. Nordea Investment Management AB raised its holdings in shares of Clorox by 4.0% in the fourth quarter. Nordea Investment Management AB now owns 9,551 shares of the company’s stock worth $1,362,000 after buying an additional 364 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of Clorox by 742.8% in the third quarter. Teacher Retirement System of Texas now owns 78,713 shares of the company’s stock worth $10,316,000 after buying an additional 69,373 shares during the last quarter. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CLX. Barclays decreased their price target on shares of Clorox from $148.00 to $136.00 and set an “underweight” rating for the company in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Clorox from $155.00 to $151.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. UBS Group raised their price target on shares of Clorox from $145.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Jefferies Financial Group upgraded shares of Clorox from an “underperform” rating to a “hold” rating and set a $145.00 price objective on the stock in a research note on Tuesday, March 26th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $160.00 price objective on shares of Clorox in a research note on Tuesday, March 26th. Four analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to MarketBeat, Clorox currently has an average rating of “Hold” and a consensus price target of $148.63.

Clorox Stock Up 1.1 %

CLX stock opened at $145.19 on Tuesday. The firm has a market cap of $18.02 billion, a PE ratio of 230.46, a P/E/G ratio of 2.27 and a beta of 0.43. The company has a debt-to-equity ratio of 11.37, a quick ratio of 0.57 and a current ratio of 0.89. The firm’s fifty day moving average is $149.82 and its 200 day moving average is $142.09. The Clorox Company has a one year low of $114.68 and a one year high of $178.21.

Clorox (NYSE:CLX) last announced its earnings results on Thursday, February 1st. The company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $1.08. Clorox had a net margin of 1.09% and a return on equity of 319.41%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the business earned $0.98 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, research analysts forecast that The Clorox Company will post 5.52 EPS for the current year.

Clorox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be given a $1.20 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.80 annualized dividend and a dividend yield of 3.31%. Clorox’s dividend payout ratio (DPR) is 761.92%.

Clorox Company Profile

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.