Clorox (NYSE:CLX) Price Target Cut to $101.00 by Analysts at Deutsche Bank Aktiengesellschaft

Clorox (NYSE:CLX) had its target price lowered by Deutsche Bank Aktiengesellschaft from $112.00 to $101.00 in a research report report published on Monday,Benzinga reports. The firm currently has a hold rating on the stock.

CLX has been the subject of a number of other reports. Barclays reaffirmed an “underweight” rating and set a $109.00 price target on shares of Clorox in a research note on Friday, January 16th. Evercore dropped their price objective on Clorox from $132.00 to $115.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 4th. UBS Group upped their price objective on Clorox from $115.00 to $121.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. BNP Paribas Exane raised Clorox from an “underperform” rating to a “neutral” rating in a research note on Wednesday, February 11th. Finally, Weiss Ratings lowered Clorox from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $118.00.

Clorox Stock Up 0.3%

CLX stock opened at $102.32 on Monday. Clorox has a 52 week low of $96.66 and a 52 week high of $150.84. The company has a market capitalization of $12.37 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 0.50 and a beta of 0.59. The firm’s 50-day moving average is $115.49 and its two-hundred day moving average is $111.99. The company has a current ratio of 0.74, a quick ratio of 0.48 and a debt-to-equity ratio of 71.03.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.04). Clorox had a net margin of 11.17% and a return on equity of 383.01%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the business earned $1.55 earnings per share. The company’s revenue was down .8% on a year-over-year basis. On average, analysts forecast that Clorox will post 7.15 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Wednesday, April 22nd will be given a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Wednesday, April 22nd. Clorox’s dividend payout ratio is 81.05%.

Hedge Funds Weigh In On Clorox

A number of hedge funds have recently modified their holdings of CLX. State Street Corp lifted its holdings in shares of Clorox by 3.5% during the third quarter. State Street Corp now owns 8,434,277 shares of the company’s stock valued at $1,039,946,000 after purchasing an additional 282,794 shares during the last quarter. Invesco Ltd. increased its stake in Clorox by 22.1% in the 4th quarter. Invesco Ltd. now owns 4,880,341 shares of the company’s stock worth $492,085,000 after purchasing an additional 884,751 shares in the last quarter. Geode Capital Management LLC increased its stake in Clorox by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 3,172,233 shares of the company’s stock worth $318,613,000 after purchasing an additional 10,060 shares in the last quarter. Van ECK Associates Corp raised its holdings in Clorox by 15.7% during the 4th quarter. Van ECK Associates Corp now owns 3,136,405 shares of the company’s stock worth $316,244,000 after buying an additional 426,433 shares during the period. Finally, Two Sigma Investments LP raised its holdings in Clorox by 33.8% during the 3rd quarter. Two Sigma Investments LP now owns 1,740,175 shares of the company’s stock worth $214,564,000 after buying an additional 439,797 shares during the period. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Clorox Company Profile

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.