Elo Mutual Pension Insurance Co Buys 6,068 Shares of The Clorox Company $CLX

Elo Mutual Pension Insurance Co boosted its position in shares of The Clorox Company (NYSE:CLX) by 28.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 27,418 shares of the company’s stock after buying an additional 6,068 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Clorox were worth $3,381,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Clorox by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,380 shares of the company’s stock worth $1,970,000 after purchasing an additional 514 shares during the period. Woodline Partners LP raised its stake in shares of Clorox by 253.7% in the 1st quarter. Woodline Partners LP now owns 10,407 shares of the company’s stock valued at $1,532,000 after buying an additional 7,465 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Clorox during the 2nd quarter valued at about $31,000. Assetmark Inc. increased its stake in Clorox by 566.9% in the second quarter. Assetmark Inc. now owns 3,388 shares of the company’s stock valued at $407,000 after acquiring an additional 2,880 shares during the period. Finally, Strs Ohio increased its stake in Clorox by 52.7% in the second quarter. Strs Ohio now owns 15,935 shares of the company’s stock valued at $1,913,000 after acquiring an additional 5,498 shares during the period. Institutional investors own 78.53% of the company’s stock.

Clorox Price Performance

Clorox stock opened at $121.09 on Wednesday. The business’s fifty day moving average is $113.47 and its two-hundred day moving average is $113.65. The company has a debt-to-equity ratio of 71.03, a quick ratio of 0.48 and a current ratio of 0.74. The firm has a market cap of $14.64 billion, a P/E ratio of 19.79, a P/E/G ratio of 0.62 and a beta of 0.59. The Clorox Company has a 52 week low of $96.66 and a 52 week high of $158.91.

Clorox (NYSE:CLX) last announced its earnings results on Tuesday, February 3rd. The company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.04). The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. Clorox had a net margin of 11.17% and a return on equity of 383.01%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 earnings per share. Equities research analysts forecast that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Wednesday, April 22nd will be given a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Wednesday, April 22nd. Clorox’s dividend payout ratio is presently 81.05%.

Analyst Ratings Changes

A number of research firms have weighed in on CLX. Wall Street Zen raised Clorox from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Morgan Stanley boosted their price target on Clorox from $125.00 to $136.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Clorox from $114.00 to $112.00 and set a “hold” rating on the stock in a research report on Wednesday, February 4th. Rothschild & Co Redburn set a $117.00 price objective on Clorox in a report on Friday, February 13th. Finally, The Goldman Sachs Group lowered their target price on shares of Clorox from $110.00 to $94.00 and set a “sell” rating on the stock in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Clorox has a consensus rating of “Reduce” and an average target price of $118.73.

Clorox Profile

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.