State of Michigan Retirement System Buys 100 Shares of The Clorox Company (NYSE:CLX)

State of Michigan Retirement System boosted its stake in shares of The Clorox Company (NYSE:CLX) by 0.3% in the 1st quarter, Holdings Channel reports. The fund owned 34,051 shares of the company’s stock after buying an additional 100 shares during the period. State of Michigan Retirement System’s holdings in Clorox were worth $5,214,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CLX. Fortitude Family Office LLC purchased a new position in shares of Clorox in the fourth quarter worth about $29,000. Northwest Financial Advisors purchased a new position in shares of Clorox during the fourth quarter worth $29,000. Core Wealth Advisors Inc. purchased a new stake in Clorox during the fourth quarter worth about $29,000. First United Bank & Trust purchased a new stake in Clorox during the 4th quarter worth about $31,000. Finally, GoalVest Advisory LLC acquired a new stake in shares of Clorox during the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

CLX has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price objective on shares of Clorox from $140.00 to $135.00 and set an “underweight” rating on the stock in a report on Thursday, May 2nd. Citigroup dropped their price target on Clorox from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. JPMorgan Chase & Co. lowered their price target on Clorox from $159.00 to $158.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Argus upgraded shares of Clorox to a “hold” rating in a report on Tuesday, June 4th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Clorox from $155.00 to $151.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Five analysts have rated the stock with a sell rating and fourteen have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $145.33.

Clorox Stock Down 0.5 %

Shares of CLX opened at $133.54 on Wednesday. The company has a debt-to-equity ratio of 9.73, a quick ratio of 0.53 and a current ratio of 0.90. The Clorox Company has a 52 week low of $114.68 and a 52 week high of $169.14. The firm has a market capitalization of $16.58 billion, a price-to-earnings ratio of 69.19, a PEG ratio of 2.19 and a beta of 0.39. The business’s fifty day moving average price is $136.74 and its two-hundred day moving average price is $143.73.

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

About Clorox

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.