The Clorox Company (NYSE:CLX) Receives Consensus Rating of “Reduce” from Analysts

Shares of The Clorox Company (NYSE:CLX) have earned a consensus rating of “Reduce” from the fifteen research firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $156.07.

CLX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Clorox from $167.00 to $171.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. DA Davidson lifted their price target on shares of Clorox from $153.00 to $171.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Wells Fargo & Company raised shares of Clorox from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $155.00 to $157.00 in a research report on Tuesday, January 7th. StockNews.com cut shares of Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. Finally, Evercore ISI reduced their price target on shares of Clorox from $140.00 to $139.00 and set an “underperform” rating on the stock in a research report on Monday, October 14th.

Clorox Price Performance

CLX opened at $158.60 on Monday. The company has a fifty day moving average price of $162.76 and a two-hundred day moving average price of $158.35. The company has a debt-to-equity ratio of 11.08, a quick ratio of 0.62 and a current ratio of 1.00. Clorox has a 52 week low of $127.60 and a 52 week high of $171.37. The firm has a market capitalization of $19.63 billion, a PE ratio of 55.26, a P/E/G ratio of 2.91 and a beta of 0.42.

Clorox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Wednesday, January 29th will be given a dividend of $1.22 per share. The ex-dividend date is Wednesday, January 29th. This represents a $4.88 annualized dividend and a yield of 3.08%. Clorox’s dividend payout ratio (DPR) is presently 170.03%.

Institutional Investors Weigh In On Clorox

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Insight Folios Inc increased its stake in shares of Clorox by 3.0% during the 3rd quarter. Insight Folios Inc now owns 2,195 shares of the company’s stock worth $358,000 after purchasing an additional 63 shares during the last quarter. HCR Wealth Advisors increased its stake in shares of Clorox by 1.0% during the 4th quarter. HCR Wealth Advisors now owns 6,870 shares of the company’s stock worth $1,116,000 after purchasing an additional 68 shares during the last quarter. SPC Financial Inc. increased its stake in shares of Clorox by 2.2% during the 2nd quarter. SPC Financial Inc. now owns 3,485 shares of the company’s stock worth $476,000 after purchasing an additional 75 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of Clorox by 17.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock worth $83,000 after purchasing an additional 75 shares during the last quarter. Finally, Empower Advisory Group LLC increased its stake in shares of Clorox by 4.5% during the 3rd quarter. Empower Advisory Group LLC now owns 1,823 shares of the company’s stock worth $297,000 after purchasing an additional 78 shares during the last quarter. 78.53% of the stock is owned by institutional investors.

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.