Teachers Retirement System of The State of Kentucky Has $1.51 Million Holdings in The Clorox Company (NYSE:CLX)

Teachers Retirement System of The State of Kentucky decreased its position in The Clorox Company (NYSE:CLX) by 5.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 9,256 shares of the company’s stock after selling 583 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Clorox were worth $1,508,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CLX. Prospera Private Wealth LLC purchased a new stake in shares of Clorox in the third quarter valued at $27,000. Continuum Advisory LLC lifted its stake in Clorox by 300.0% in the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock worth $30,000 after acquiring an additional 138 shares in the last quarter. Innealta Capital LLC acquired a new stake in Clorox during the 2nd quarter worth about $30,000. Trifecta Capital Advisors LLC grew its stake in Clorox by 139.8% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 223 shares of the company’s stock valued at $30,000 after acquiring an additional 130 shares in the last quarter. Finally, Quarry LP grew its stake in Clorox by 99.1% during the 2nd quarter. Quarry LP now owns 229 shares of the company’s stock valued at $31,000 after acquiring an additional 114 shares in the last quarter. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

Clorox Price Performance

Shares of Clorox stock opened at $163.32 on Wednesday. The firm has a market cap of $20.22 billion, a P/E ratio of 56.91, a price-to-earnings-growth ratio of 3.04 and a beta of 0.42. The company has a debt-to-equity ratio of 11.08, a quick ratio of 0.62 and a current ratio of 1.00. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37. The firm’s 50-day simple moving average is $163.91 and its 200-day simple moving average is $152.34.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.50. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Clorox had a return on equity of 316.08% and a net margin of 4.78%. The business’s revenue was up 27.0% on a year-over-year basis. During the same period last year, the business earned $0.49 earnings per share. As a group, research analysts expect that The Clorox Company will post 6.85 EPS for the current fiscal year.

Clorox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Wednesday, January 29th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $4.88 dividend on an annualized basis and a yield of 2.99%. Clorox’s dividend payout ratio is 170.03%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CLX. Citigroup increased their target price on shares of Clorox from $165.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. BNP Paribas raised Clorox to a “strong sell” rating in a research report on Friday, September 6th. TD Cowen raised Clorox from a “sell” rating to a “hold” rating and boosted their price target for the company from $155.00 to $170.00 in a research note on Wednesday, November 6th. Evercore ISI dropped their price objective on Clorox from $140.00 to $139.00 and set an “underperform” rating on the stock in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Clorox from $148.00 to $174.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Clorox presently has a consensus rating of “Hold” and an average price target of $155.38.

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.