Shares of Clorox Co (NYSE:CLX) have been assigned an average rating of “Hold” from the fifteen research firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $144.83.

CLX has been the topic of a number of recent research reports. Zacks Investment Research downgraded Clorox from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Bank of America reissued a “neutral” rating and set a $154.00 target price (down from $165.00) on shares of Clorox in a research report on Thursday, May 2nd. JPMorgan Chase & Co. downgraded Clorox from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $159.00 to $139.00 in a research report on Monday, April 8th. Citigroup set a $156.00 target price on Clorox and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Finally, Credit Suisse Group initiated coverage on Clorox in a research report on Wednesday, March 6th. They set an “outperform” rating and a $172.00 target price on the stock.

In other Clorox news, SVP Denise Garner sold 20,399 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $157.61, for a total transaction of $3,215,086.39. Following the completion of the transaction, the senior vice president now owns 4,896 shares in the company, valued at $771,658.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Athena Capital Advisors LLC bought a new position in shares of Clorox in the fourth quarter valued at approximately $25,000. Zions Bancorporation N.A. bought a new position in shares of Clorox in the first quarter valued at approximately $28,000. Northstar Capital Management LLC bought a new position in shares of Clorox in the first quarter valued at approximately $29,000. Capital Financial Planning LLC bought a new position in shares of Clorox in the fourth quarter valued at approximately $32,000. Finally, Paragon Capital Management LLC bought a new position in shares of Clorox in the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 77.56% of the company’s stock.

Shares of NYSE:CLX traded up $0.56 during midday trading on Tuesday, hitting $155.77. The company’s stock had a trading volume of 552,948 shares, compared to its average volume of 1,028,099. The firm has a market capitalization of $19.82 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 4.51 and a beta of 0.38. The stock’s 50 day moving average is $151.53. Clorox has a fifty-two week low of $127.34 and a fifty-two week high of $167.70. The company has a quick ratio of 0.66, a current ratio of 1.10 and a debt-to-equity ratio of 2.93.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $1.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.47 by ($0.03). The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.57 billion. Clorox had a net margin of 12.68% and a return on equity of 108.82%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.37 earnings per share. Analysts forecast that Clorox will post 6.29 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Wednesday, July 31st will be paid a dividend of $1.06 per share. This is a boost from Clorox’s previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, July 30th. This represents a $4.24 dividend on an annualized basis and a yield of 2.72%. Clorox’s dividend payout ratio (DPR) is currently 61.34%.

About Clorox

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Cleaning, Household, Lifestyle, and International. The company offers laundry additives, including bleach products under the Clorox brand, as well as Clorox 2 stain fighter and color booster; home care products primarily under the Clorox, Formula 409, Liquid-Plumr, Pine-Sol, S.O.S, and Tilex brands; naturally derived products under the Green Works brand; and professional cleaning, disinfecting, and food service products under the Clorox, Dispatch, HealthLink, Clorox Healthcare, Hidden Valley, KC Masterpiece, and Soy Vay brands.

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Analyst Recommendations for Clorox (NYSE:CLX)

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