The Clorox Company (NYSE:CLX) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its position in shares of The Clorox Company (NYSE:CLX - Free Report) by 26.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,766 shares of the company's stock after buying an additional 12,428 shares during the period. Public Employees Retirement System of Ohio's holdings in Clorox were worth $9,736,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CLX. JPMorgan Chase & Co. boosted their target price on shares of Clorox from $148.00 to $174.00 and gave the stock a "neutral" rating in a report on Friday, October 11th. BNP Paribas upgraded shares of Clorox to a "strong sell" rating in a report on Friday, September 6th. Jefferies Financial Group upgraded shares of Clorox from a "hold" rating to a "buy" rating and upped their price target for the company from $174.00 to $187.00 in a report on Tuesday, October 1st. DA Davidson raised their price objective on shares of Clorox from $153.00 to $171.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Finally, Citigroup upped their target price on shares of Clorox from $165.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $155.00.

Clorox Trading Up 0.0 %

Shares of CLX stock traded up $0.02 during trading hours on Thursday, hitting $164.68. The company had a trading volume of 1,028,309 shares, compared to its average volume of 1,231,568. The company has a debt-to-equity ratio of 11.08, a current ratio of 1.00 and a quick ratio of 0.62. The stock has a market capitalization of $20.38 billion, a PE ratio of 57.35, a price-to-earnings-growth ratio of 3.08 and a beta of 0.42. The company's fifty day moving average is $163.63 and its 200 day moving average is $151.21. The Clorox Company has a fifty-two week low of $127.60 and a fifty-two week high of $171.37.

Clorox (NYSE:CLX - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $1.86 EPS for the quarter, topping 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 company had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.64 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. The firm's revenue was up 27.0% compared to the same quarter last year. Research analysts expect that The Clorox Company will post 6.85 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The firm also recently disclosed 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. This represents a $4.88 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Wednesday, January 29th. Clorox's payout ratio is 170.03%.

Clorox 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.