OMERS ADMINISTRATION Corp Increases Stake in The Clorox Company (NYSE:CLX)

OMERS ADMINISTRATION Corp increased its position in The Clorox Company (NYSE:CLX) by 20.3% in the 4th quarter, HoldingsChannel reports. The fund owned 5,181 shares of the company’s stock after purchasing an additional 876 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Clorox were worth $841,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its holdings in Clorox by 1.3% in the 4th quarter. California Public Employees Retirement System now owns 565,810 shares of the company’s stock worth $91,893,000 after acquiring an additional 6,987 shares during the last quarter. Deutsche Bank AG increased its holdings in Clorox by 14.0% in the 4th quarter. Deutsche Bank AG now owns 654,198 shares of the company’s stock worth $106,248,000 after acquiring an additional 80,189 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in Clorox in the 4th quarter worth about $204,000. Apollon Wealth Management LLC increased its holdings in Clorox by 119.6% in the 4th quarter. Apollon Wealth Management LLC now owns 3,364 shares of the company’s stock worth $546,000 after acquiring an additional 1,832 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Clorox by 18.8% in the 4th quarter. Wellington Management Group LLP now owns 4,074 shares of the company’s stock worth $662,000 after acquiring an additional 646 shares during the last quarter. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on CLX. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 target price on shares of Clorox in a report on Thursday, January 30th. Wells Fargo & Company reduced their target price on Clorox from $145.00 to $142.00 and set an “equal weight” rating for the company in a report on Tuesday, May 6th. JPMorgan Chase & Co. reduced their target price on Clorox from $151.00 to $144.00 and set a “neutral” rating for the company in a report on Tuesday, May 6th. UBS Group reduced their target price on Clorox from $176.00 to $154.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Finally, Barclays reduced their target price on Clorox from $134.00 to $129.00 and set an “underweight” rating for the company in a report on Wednesday, May 7th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $151.23.

Clorox Stock Up 1.0%

Shares of NYSE CLX opened at $136.31 on Friday. The Clorox Company has a 12 month low of $127.60 and a 12 month high of $171.37. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 20.52. The firm has a market capitalization of $16.80 billion, a price-to-earnings ratio of 37.24, a PEG ratio of 2.62 and a beta of 0.60. The business has a 50-day moving average of $141.05 and a 200-day moving average of $153.32.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Monday, May 5th. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.12). Clorox had a return on equity of 316.87% and a net margin of 6.38%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the firm posted $1.71 EPS. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. Sell-side analysts expect that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Wednesday, April 23rd were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend was Wednesday, April 23rd. Clorox’s dividend payout ratio is currently 87.61%.

Insiders Place Their Bets

In other news, Director Pierre R. Breber bought 4,000 shares of the business’s stock in a transaction on Wednesday, May 7th. The stock was acquired at an average price of $136.57 per share, with a total value of $546,280.00. Following the completion of the purchase, the director now directly owns 4,000 shares in the company, valued at $546,280. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.57% of the stock is owned by insiders.

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.