Peoples Bank OH Purchases Shares of 1,325 The Clorox Company (NYSE:CLX)

Peoples Bank OH acquired a new stake in The Clorox Company (NYSE:CLX) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,325 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Asset Management L.P. bought a new stake in Clorox during the fourth quarter worth approximately $144,844,000. Norges Bank bought a new stake in Clorox during the fourth quarter worth approximately $128,382,000. Parsifal Capital Management LP bought a new stake in Clorox during the fourth quarter worth approximately $128,245,000. Confluence Investment Management LLC bought a new stake in Clorox during the first quarter worth approximately $135,630,000. Finally, International Assets Investment Management LLC boosted its holdings in Clorox by 17,658.5% during the fourth quarter. International Assets Investment Management LLC now owns 484,453 shares of the company’s stock worth $69,078,000 after buying an additional 481,725 shares in the last quarter. 78.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $160.00 target price on shares of Clorox in a research report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Clorox from $155.00 to $151.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. Barclays cut their target price on shares of Clorox from $136.00 to $132.00 and set an “underweight” rating for the company in a research report on Thursday, May 2nd. BNP Paribas began coverage on shares of Clorox in a report on Monday, June 24th. They set an “underperform” rating and a $130.00 price target on the stock. Finally, Jefferies Financial Group upgraded shares of Clorox from an “underperform” rating to a “hold” rating and set a $145.00 price objective for the company in a report on Tuesday, March 26th. Five research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to data from MarketBeat, Clorox presently has a consensus rating of “Hold” and a consensus price target of $145.33.

Clorox Trading Down 0.8 %

Shares of NYSE:CLX traded down $1.00 during trading on Tuesday, hitting $131.85. 1,109,086 shares of the company’s stock were exchanged, compared to its average volume of 1,250,358. The firm has a market cap of $16.37 billion, a P/E ratio of 68.32, a PEG ratio of 1.98 and a beta of 0.39. The Clorox Company has a 1-year low of $114.68 and a 1-year high of $169.14. The company has a current ratio of 0.90, a quick ratio of 0.53 and a debt-to-equity ratio of 9.73. The firm has a 50-day moving average price of $134.97 and a two-hundred day moving average price of $143.35.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.38. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.87 billion. Clorox had a net margin of 3.33% and a return on equity of 302.49%. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.51 earnings per share. Equities analysts predict that The Clorox Company will post 5.91 earnings per share for the current year.

Clorox Company 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.