State Board of Administration of Florida Retirement System Cuts Holdings in The Clorox Company (NYSE:CLX)

State Board of Administration of Florida Retirement System trimmed its stake in The Clorox Company (NYSE:CLXFree Report) by 4.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 138,765 shares of the company’s stock after selling 6,433 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.11% of Clorox worth $18,187,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tyler Stone Wealth Management purchased a new stake in shares of Clorox during the 2nd quarter valued at $25,000. Bogart Wealth LLC grew its position in Clorox by 105.6% during the second quarter. Bogart Wealth LLC now owns 185 shares of the company’s stock valued at $29,000 after acquiring an additional 95 shares during the period. American National Bank grew its position in Clorox by 2,466.7% during the third quarter. American National Bank now owns 231 shares of the company’s stock valued at $30,000 after acquiring an additional 222 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in Clorox during the first quarter worth about $31,000. Finally, First Capital Advisors Group LLC. purchased a new position in shares of Clorox in the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 77.98% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on CLX shares. DA Davidson reiterated a “neutral” rating and set a $162.00 target price on shares of Clorox in a report on Monday, February 5th. StockNews.com raised shares of Clorox from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. Barclays lifted their target price on shares of Clorox from $115.00 to $118.00 and gave the company an “underweight” rating in a report on Tuesday, January 16th. Citigroup upgraded Clorox from a “neutral” rating to a “buy” rating and increased their price target for the company from $135.00 to $150.00 in a report on Thursday, November 2nd. Finally, UBS Group boosted their price objective on Clorox from $145.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $144.64.

View Our Latest Analysis on Clorox

Clorox Price Performance

Shares of NYSE CLX opened at $153.20 on Friday. The Clorox Company has a 1-year low of $114.68 and a 1-year high of $178.21. The firm has a market capitalization of $19.01 billion, a PE ratio of 243.18, a P/E/G ratio of 2.31 and a beta of 0.43. The company has a debt-to-equity ratio of 11.37, a current ratio of 0.89 and a quick ratio of 0.57. The business’s fifty day moving average price is $144.23 and its two-hundred day moving average price is $141.84.

Clorox (NYSE:CLXGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.80 billion. During the same quarter last year, the company earned $0.98 EPS. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, research analysts expect that The Clorox Company will post 5.59 EPS for the current year.

Clorox Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Wednesday, January 24th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Tuesday, January 23rd. Clorox’s dividend payout ratio is currently 761.92%.

Clorox Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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