Public Sector Pension Investment Board Acquires 7,353 Shares of The Clorox Company (NYSE:CLX)

Public Sector Pension Investment Board lifted its position in The Clorox Company (NYSE:CLX) by 59.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,750 shares of the company’s stock after buying an additional 7,353 shares during the period. Public Sector Pension Investment Board’s holdings in The Clorox were worth $3,553,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in shares of The Clorox by 4.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,551,035 shares of the company’s stock valued at $299,164,000 after buying an additional 70,987 shares in the last quarter. Champlain Investment Partners LLC increased its position in shares of The Clorox by 34.3% in the 2nd quarter. Champlain Investment Partners LLC now owns 1,395,525 shares of the company’s stock valued at $251,069,000 after buying an additional 356,260 shares in the last quarter. Stifel Financial Corp increased its position in shares of The Clorox by 4.1% in the 1st quarter. Stifel Financial Corp now owns 1,133,754 shares of the company’s stock valued at $218,684,000 after buying an additional 44,189 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of The Clorox by 9.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,123,966 shares of the company’s stock valued at $216,791,000 after buying an additional 96,332 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of The Clorox by 24.4% in the 1st quarter. Nuveen Asset Management LLC now owns 1,017,623 shares of the company’s stock valued at $196,280,000 after buying an additional 199,542 shares in the last quarter. Institutional investors and hedge funds own 77.77% of the company’s stock.

A number of analysts recently commented on CLX shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of The Clorox from $192.00 to $153.00 and set a “hold” rating for the company in a research report on Wednesday, August 4th. Credit Suisse Group lowered their target price on The Clorox from $175.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday, August 4th. DA Davidson lowered their target price on The Clorox from $177.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday, August 4th. Argus cut The Clorox from a “buy” rating to a “hold” rating in a report on Friday, September 3rd. Finally, Royal Bank of Canada lowered their target price on The Clorox from $200.00 to $176.00 and set a “sector perform” rating for the company in a report on Wednesday, August 4th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $182.11.

Shares of NYSE:CLX opened at $160.73 on Thursday. The Clorox Company has a 52-week low of $159.32 and a 52-week high of $231.11. The company has a market capitalization of $19.74 billion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 4.37 and a beta of 0.21. The company has a 50-day simple moving average of $166.55 and a 200 day simple moving average of $176.86. The company has a debt-to-equity ratio of 4.20, a quick ratio of 0.52 and a current ratio of 0.89.

The Clorox (NYSE:CLX) last issued its earnings results on Tuesday, August 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.29 by ($0.34). The Clorox had a net margin of 9.67% and a return on equity of 94.42%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the business posted $2.41 earnings per share. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, equities analysts forecast that The Clorox Company will post 5.54 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 10th. Investors of record on Wednesday, October 27th will be paid a $1.16 dividend. The ex-dividend date is Tuesday, October 26th. This represents a $4.64 annualized dividend and a yield of 2.89%. The Clorox’s dividend payout ratio (DPR) is currently 64.00%.

About The Clorox

The Clorox Co engages in the manufacture and marketing of consumer and professional products. It operates through the following business segments: Cleaning, Lifestyle, Household, and International. The Cleaning segment consists of laundry, home care, and professional products marketed and sold in the United States.

Read More: Dual Listing What You Need to Know

Want to see what other hedge funds are holding CLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Clorox Company (NYSE:CLX).

Institutional Ownership by Quarter for The Clorox (NYSE:CLX)

Receive News & Ratings for The Clorox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Clorox and related companies with MarketBeat.com's FREE daily email newsletter.