Ontario Teachers Pension Plan Board Has $387,000 Stake in The Clorox Company (NYSE:CLX)

Ontario Teachers Pension Plan Board lessened its position in The Clorox Company (NYSE:CLX - Free Report) by 67.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,377 shares of the company's stock after selling 4,852 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Clorox were worth $387,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Prospera Private Wealth LLC acquired a new stake in shares of Clorox in the third quarter valued at about $27,000. Innealta Capital LLC bought a new stake in shares of Clorox during the 2nd quarter worth approximately $30,000. Trifecta Capital Advisors LLC raised its stake in shares of Clorox by 139.8% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 223 shares of the company's stock worth $30,000 after purchasing an additional 130 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of Clorox in the 2nd quarter valued at approximately $31,000. Finally, Quarry LP grew its stake in shares of Clorox by 99.1% in the second quarter. Quarry LP now owns 229 shares of the company's stock valued at $31,000 after buying an additional 114 shares in the last quarter. Institutional investors own 78.53% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CLX shares. BNP Paribas raised shares of Clorox to a "strong sell" rating in a research report on Friday, September 6th. DA Davidson boosted their price target on Clorox from $153.00 to $171.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Barclays raised their price objective on Clorox from $137.00 to $139.00 and gave the company an "underweight" rating in a research report on Friday, November 1st. Evercore ISI decreased their target price on Clorox from $140.00 to $139.00 and set an "underperform" rating on the stock in a report on Monday, October 14th. Finally, Jefferies Financial Group upgraded Clorox from a "hold" rating to a "buy" rating and increased their price target for the company from $174.00 to $187.00 in a research note on Tuesday, October 1st. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $155.00.

Insider Activity at Clorox

In other Clorox news, EVP Angela C. Hilt sold 1,733 shares of the company's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $165.52, for a total value of $286,846.16. Following the completion of the transaction, the executive vice president now owns 13,471 shares of the company's stock, valued at $2,229,719.92. This represents a 11.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is currently owned by insiders.

Clorox Stock Performance

NYSE CLX opened at $169.31 on Friday. The firm's 50 day simple moving average is $162.78 and its 200 day simple moving average is $148.43. The firm has a market capitalization of $20.96 billion, a price-to-earnings ratio of 58.99, a P/E/G ratio of 3.13 and a beta of 0.41. The company has a current ratio of 1.00, a quick ratio of 0.62 and a debt-to-equity ratio of 11.08. The Clorox Company has a 1 year low of $127.60 and a 1 year high of $171.35.

Clorox (NYSE:CLX - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.50. Clorox had a return on equity of 316.08% and a net margin of 4.78%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the business posted $0.49 EPS. The company's revenue was up 27.0% compared to the same quarter last year. As a group, research analysts expect that The Clorox Company will post 6.85 earnings per share for the current fiscal year.

Clorox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Wednesday, January 29th will be paid a $1.22 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.88%. Clorox's payout ratio is currently 170.04%.

About Clorox

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.