DA Davidson Lowers Clorox (NYSE:CLX) Price Target to $153.00

Clorox (NYSE:CLX) had its target price trimmed by DA Davidson from $162.00 to $153.00 in a report issued on Friday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other analysts have also recently commented on CLX. UBS Group decreased their target price on Clorox from $164.00 to $159.00 and set a neutral rating on the stock in a report on Wednesday, May 1st. Argus raised Clorox to a hold rating in a research note on Tuesday, June 4th. BNP Paribas started coverage on Clorox in a research note on Monday, June 24th. They set an underperform rating and a $130.00 price target on the stock. TD Cowen started coverage on Clorox in a research note on Tuesday, July 23rd. They set a sell rating and a $122.00 price target on the stock. Finally, Evercore ISI cut their price target on Clorox from $145.00 to $142.00 and set an underperform rating on the stock in a research note on Wednesday, May 1st. Six research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $141.44.

Clorox Stock Performance

Shares of NYSE:CLX opened at $142.66 on Friday. The business’s fifty day moving average price is $133.90 and its two-hundred day moving average price is $142.38. Clorox has a fifty-two week low of $114.68 and a fifty-two week high of $165.40. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of 74.66, a price-to-earnings-growth ratio of 1.97 and a beta of 0.39. The company has a debt-to-equity ratio of 9.73, a current ratio of 0.90 and a quick ratio of 0.53.

Clorox Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 14th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This is a positive change from Clorox’s previous quarterly dividend of $1.20. This represents a $4.88 annualized dividend and a dividend yield of 3.42%. Clorox’s payout ratio is currently 248.71%.

Institutional Investors Weigh In On Clorox

Several hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC boosted its holdings in Clorox by 0.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 13,900 shares of the company’s stock worth $1,982,000 after acquiring an additional 66 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in Clorox by 6.2% in the first quarter. Lindbrook Capital LLC now owns 1,182 shares of the company’s stock worth $181,000 after acquiring an additional 69 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Clorox by 7.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,089 shares of the company’s stock worth $156,000 after acquiring an additional 73 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Clorox by 14.3% during the second quarter. Blue Trust Inc. now owns 678 shares of the company’s stock valued at $93,000 after purchasing an additional 85 shares in the last quarter. Finally, First National Bank of Omaha lifted its holdings in shares of Clorox by 1.5% during the fourth quarter. First National Bank of Omaha now owns 5,975 shares of the company’s stock valued at $852,000 after purchasing an additional 86 shares in the last quarter. 78.53% of the stock is owned by institutional investors.

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.