The Clorox Company (NYSE:CLX) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its position in shares of The Clorox Company (NYSE:CLX) by 10.3% during the fourth quarter, Holdings Channel reports. The firm owned 95,903 shares of the company’s stock after selling 11,047 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Clorox were worth $13,675,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in CLX. First National Bank of Mount Dora Trust Investment Services boosted its holdings in Clorox by 3.2% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 2,257 shares of the company’s stock valued at $322,000 after purchasing an additional 71 shares in the last quarter. Modera Wealth Management LLC boosted its holdings in Clorox by 1.4% in the 3rd quarter. Modera Wealth Management LLC now owns 5,130 shares of the company’s stock valued at $672,000 after purchasing an additional 71 shares in the last quarter. Czech National Bank boosted its holdings in Clorox by 0.3% in the 4th quarter. Czech National Bank now owns 21,718 shares of the company’s stock valued at $3,097,000 after purchasing an additional 71 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Clorox by 7.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,089 shares of the company’s stock valued at $156,000 after purchasing an additional 73 shares in the last quarter. Finally, West Branch Capital LLC boosted its holdings in Clorox by 9.3% in the 4th quarter. West Branch Capital LLC now owns 903 shares of the company’s stock valued at $129,000 after purchasing an additional 77 shares in the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Citigroup decreased their price target on Clorox from $165.00 to $155.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. UBS Group upped their target price on Clorox from $145.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Barclays reduced their target price on Clorox from $148.00 to $136.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft reduced their target price on Clorox from $155.00 to $151.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. Finally, Jefferies Financial Group raised Clorox from an “underperform” rating to a “hold” rating and set a $145.00 target price on the stock in a research report on Tuesday, March 26th. Four research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $148.63.

Clorox Trading Up 1.0 %

NYSE CLX traded up $1.41 during trading hours on Tuesday, hitting $145.35. The company’s stock had a trading volume of 432,056 shares, compared to its average volume of 1,193,534. The stock has a fifty day moving average of $149.82 and a 200 day moving average of $142.09. The Clorox Company has a twelve month low of $114.68 and a twelve month high of $178.21. The firm has a market capitalization of $18.04 billion, a P/E ratio of 230.46, a PEG ratio of 2.27 and a beta of 0.43. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 11.37.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Thursday, February 1st. The company reported $2.16 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $1.80 billion. During the same period in the prior year, the business posted $0.98 earnings per share. Clorox’s revenue was up 16.0% compared to the same quarter last year. Equities research analysts forecast that The Clorox Company will post 5.52 earnings per share for the current fiscal year.

Clorox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be issued a $1.20 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.80 annualized dividend and a yield of 3.30%. Clorox’s dividend payout ratio (DPR) is presently 761.92%.

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.