Analysts Set The Clorox Company (NYSE:CLX) Price Target at $102.40

Shares of The Clorox Company (NYSE:CLX) have received an average recommendation of “Reduce” from the seventeen ratings firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $102.40.

Several equities analysts have recently weighed in on the company. UBS Group raised their price target on Clorox from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. BNP Paribas Exane cut their price target on shares of Clorox from $97.00 to $95.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. JPMorgan Chase & Co. raised their price target on shares of Clorox from $92.00 to $95.00 and gave the company an “underweight” rating in a research report on Tuesday, August 4th. Wells Fargo & Company boosted their price objective on shares of Clorox from $95.00 to $102.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Clorox in a research note on Friday, July 10th.

Clorox Stock Down 1.0%

NYSE:CLX opened at $102.57 on Tuesday. The firm’s 50-day moving average price is $99.83 and its 200-day moving average price is $102.72. The company has a market capitalization of $12.40 billion, a PE ratio of 21.28, a P/E/G ratio of 3.21 and a beta of 0.54. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.66 and a quick ratio of 0.38. Clorox has a 1-year low of $84.70 and a 1-year high of $128.90.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Clorox had a net margin of 8.74% and a return on equity of 522.23%. Clorox’s revenue was down 2.0% on a year-over-year basis. During the same period last year, the company posted $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, equities analysts predict that Clorox will post 5.8 EPS for the current fiscal year.

Clorox Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Wednesday, August 12th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This is an increase from Clorox’s previous quarterly dividend of $1.24. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.9%. Clorox’s dividend payout ratio is currently 103.73%.

Institutional Investors Weigh In On Clorox

Large investors have recently bought and sold shares of the business. Haverford Trust Co increased its stake in Clorox by 2.8% in the fourth quarter. Haverford Trust Co now owns 3,070 shares of the company’s stock valued at $310,000 after purchasing an additional 84 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in Clorox by 28.2% during the fourth quarter. Golden State Wealth Management LLC now owns 454 shares of the company’s stock worth $46,000 after acquiring an additional 100 shares during the period. Kestra Private Wealth Services LLC increased its holdings in Clorox by 1.8% during the first quarter. Kestra Private Wealth Services LLC now owns 5,957 shares of the company’s stock worth $617,000 after buying an additional 104 shares during the last quarter. Johnson Financial Group Inc. lifted its stake in Clorox by 3.1% in the third quarter. Johnson Financial Group Inc. now owns 3,659 shares of the company’s stock valued at $451,000 after purchasing an additional 109 shares during the last quarter. Finally, State of Wyoming grew its stake in shares of Clorox by 4.7% during the 2nd quarter. State of Wyoming now owns 2,540 shares of the company’s stock worth $305,000 after acquiring an additional 113 shares during the period. 78.53% of the stock is currently owned by institutional investors.

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.