Barclays Raises Clorox (NYSE:CLX) Price Target to $130.00

Clorox (NYSE:CLX) had its target price increased by Barclays from $122.00 to $130.00 in a report published on Monday morning, Benzinga reports. They currently have an underweight rating on the stock.

Several other equities analysts also recently weighed in on CLX. DA Davidson decreased their price target on shares of Clorox from $162.00 to $153.00 and set a neutral rating on the stock in a research note on Friday, August 2nd. Evercore ISI dropped their price target on Clorox from $145.00 to $142.00 and set an underperform rating for the company in a research report on Wednesday, May 1st. TD Cowen assumed coverage on Clorox in a report on Tuesday, July 23rd. They issued a sell rating and a $122.00 price target for the company. Argus raised Clorox to a hold rating in a research note on Tuesday, June 4th. Finally, Citigroup cut their target price on Clorox from $150.00 to $145.00 and set a neutral rating for the company in a research note on Wednesday, July 10th. Six equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $141.94.

Clorox Stock Up 0.3 %

NYSE CLX opened at $144.27 on Monday. Clorox has a one year low of $114.68 and a one year high of $164.24. The company has a debt-to-equity ratio of 9.73, a quick ratio of 0.53 and a current ratio of 0.90. The business has a fifty day moving average price of $135.03 and a 200 day moving average price of $142.40. The company has a market cap of $17.92 billion, a P/E ratio of 74.75, a P/E/G ratio of 1.97 and a beta of 0.39.

Clorox Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Tuesday, August 13th. This is a boost from Clorox’s previous quarterly dividend of $1.20. Clorox’s dividend payout ratio is currently 252.85%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CLX. Van ECK Associates Corp increased its holdings in Clorox by 1,715.5% during the 2nd quarter. Van ECK Associates Corp now owns 1,461,207 shares of the company’s stock worth $199,411,000 after purchasing an additional 1,380,724 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Clorox during the fourth quarter worth about $144,844,000. Nuance Investments LLC increased its stake in shares of Clorox by 150.6% during the second quarter. Nuance Investments LLC now owns 1,597,674 shares of the company’s stock worth $218,035,000 after buying an additional 960,094 shares during the period. Norges Bank acquired a new stake in Clorox in the fourth quarter valued at approximately $128,382,000. Finally, Parsifal Capital Management LP purchased a new position in Clorox in the fourth quarter worth approximately $128,245,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

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.