Canada Pension Plan Investment Board Purchases 5,500 Shares of The Clorox Company (NYSE:CLX)

Canada Pension Plan Investment Board raised its position in shares of The Clorox Company (NYSE:CLX) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 353,394 shares of the company’s stock after purchasing an additional 5,500 shares during the period. Canada Pension Plan Investment Board owned approximately 0.28% of Clorox worth $48,228,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. GoalVest Advisory LLC bought a new position in Clorox in the first quarter valued at about $31,000. First Foundation Advisors bought a new stake in shares of Clorox during the 1st quarter valued at approximately $31,000. Core Wealth Advisors Inc. bought a new stake in shares of Clorox during the 4th quarter valued at approximately $29,000. Innealta Capital LLC acquired a new position in Clorox during the 2nd quarter worth approximately $30,000. Finally, Trifecta Capital Advisors LLC boosted its position in Clorox by 139.8% in the second quarter. Trifecta Capital Advisors LLC now owns 223 shares of the company’s stock valued at $30,000 after buying an additional 130 shares in the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

Insider Buying and Selling at Clorox

In other news, EVP Angela C. Hilt sold 1,733 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $165.52, for a total value of $286,846.16. Following the completion of the sale, the executive vice president now owns 13,471 shares in the company, valued at approximately $2,229,719.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CLX. Deutsche Bank Aktiengesellschaft increased their price target on Clorox from $144.00 to $151.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. DA Davidson reissued a “neutral” rating and set a $153.00 price target on shares of Clorox in a research note on Friday, September 6th. TD Cowen assumed coverage on Clorox in a research note on Tuesday, July 23rd. They issued a “sell” rating and a $122.00 price objective for the company. JPMorgan Chase & Co. cut their target price on shares of Clorox from $150.00 to $148.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Wells Fargo & Company decreased their price target on shares of Clorox from $135.00 to $130.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. Six research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $143.50.

Clorox Stock Performance

CLX opened at $163.33 on Friday. The company has a market cap of $20.28 billion, a price-to-earnings ratio of 84.63, a PEG ratio of 3.29 and a beta of 0.40. The company’s fifty day moving average price is $149.14 and its two-hundred day moving average price is $143.73. The Clorox Company has a 1-year low of $114.68 and a 1-year high of $169.09. The company has a current ratio of 1.03, a quick ratio of 0.63 and a debt-to-equity ratio of 5.04.

Clorox (NYSE:CLX) last announced its quarterly earnings results on Thursday, August 1st. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.28. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Clorox had a net margin of 3.95% and a return on equity of 281.12%. On average, analysts expect that The Clorox Company will post 6.63 EPS for the current fiscal year.

Clorox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Wednesday, October 23rd will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Wednesday, October 23rd. Clorox’s payout ratio is currently 252.85%.

Clorox Profile

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.