Morgan Stanley cut shares of The Clorox (NYSE:CLX) from an equal weight rating to an underweight rating in a research report released on Thursday, Marketbeat Ratings reports. Morgan Stanley currently has $116.00 price target on the stock, down from their prior price target of $126.72. The analysts noted that the move was a valuation call.
CLX has been the topic of several other reports. Barclays restated a hold rating and set a $135.00 price objective on shares of The Clorox in a report on Friday, March 16th. BMO Capital Markets set a $147.00 price objective on The Clorox and gave the stock a buy rating in a report on Monday, February 5th. Bank of America upgraded The Clorox from an underperform rating to a neutral rating and set a $155.00 price objective on the stock in a report on Thursday, January 4th. Zacks Investment Research downgraded The Clorox from a buy rating to a hold rating in a report on Monday, January 22nd. Finally, JPMorgan Chase restated a neutral rating and set a $138.00 price objective (down from $139.00) on shares of The Clorox in a report on Tuesday, March 13th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The Clorox presently has an average rating of Hold and an average price target of $134.04.
CLX opened at $114.88 on Thursday. The firm has a market cap of $14,865.93, a price-to-earnings ratio of 21.47, a PEG ratio of 2.45 and a beta of 0.35. The Clorox has a 52 week low of $114.38 and a 52 week high of $150.40. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 2.35.
The Clorox (NYSE:CLX) last released its quarterly earnings data on Friday, February 2nd. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.22 by $0.01. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.43 billion. The Clorox had a return on equity of 126.70% and a net margin of 13.21%. The Clorox’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the business posted $1.14 EPS. equities research analysts forecast that The Clorox will post 5.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Wednesday, April 25th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, April 24th. This is an increase from The Clorox’s previous quarterly dividend of $0.84. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.34%. The Clorox’s dividend payout ratio (DPR) is currently 62.80%.
Large investors have recently made changes to their positions in the company. Prime Capital Investment Advisors LLC purchased a new position in shares of The Clorox in the 4th quarter valued at $123,000. Tiemann Investment Advisors LLC purchased a new position in shares of The Clorox in the 4th quarter valued at $200,000. Nicholas Hoffman & Company LLC. purchased a new position in shares of The Clorox in the 4th quarter valued at $201,000. Private Asset Management Inc. purchased a new position in shares of The Clorox in the 4th quarter valued at $208,000. Finally, Lourd Capital LLC purchased a new position in shares of The Clorox in the 4th quarter valued at $210,000. Institutional investors and hedge funds own 75.63% of the company’s stock.
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The Clorox Company Profile
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 fighters and color boosters; 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 and disinfecting products under the Clorox, Dispatch, Aplicare, HealthLink, and Clorox Healthcare brands.
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