Texas Permanent School Fund Corp Increases Position in The Clorox Company $CLX

Texas Permanent School Fund Corp raised its position in shares of The Clorox Company (NYSE:CLX) by 92.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,063 shares of the company’s stock after buying an additional 12,072 shares during the period. Texas Permanent School Fund Corp’s holdings in Clorox were worth $3,009,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Total Investment Management Inc. acquired a new position in Clorox in the 2nd quarter valued at about $25,000. American National Bank & Trust boosted its stake in shares of Clorox by 69.5% in the second quarter. American National Bank & Trust now owns 217 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares during the period. NewSquare Capital LLC grew its holdings in shares of Clorox by 567.6% in the second quarter. NewSquare Capital LLC now owns 227 shares of the company’s stock valued at $27,000 after purchasing an additional 193 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in Clorox during the 1st quarter worth approximately $35,000. Finally, Darwin Wealth Management LLC acquired a new stake in Clorox during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Wall Street Analyst Weigh In

CLX has been the subject of several research reports. Bank of America dropped their price target on shares of Clorox from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. BNP Paribas Exane lowered their target price on Clorox from $110.00 to $103.00 and set an “underperform” rating for the company in a research note on Tuesday, November 4th. Wells Fargo & Company reduced their price target on Clorox from $125.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Clorox in a research report on Tuesday, October 14th. Finally, The Goldman Sachs Group reduced their target price on shares of Clorox from $115.00 to $110.00 and set a “sell” rating on the stock in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $125.00.

Clorox Price Performance

Shares of NYSE CLX opened at $98.31 on Friday. The company has a debt-to-equity ratio of 18.01, a quick ratio of 0.50 and a current ratio of 0.76. The Clorox Company has a fifty-two week low of $98.20 and a fifty-two week high of $165.00. The firm has a market capitalization of $11.99 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 0.49 and a beta of 0.57. The stock’s 50-day simple moving average is $107.92 and its 200-day simple moving average is $118.23.

Clorox (NYSE:CLX) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. Clorox had a return on equity of 358.39% and a net margin of 11.68%.The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the company posted $1.86 earnings per share. The firm’s quarterly revenue was down 18.9% compared to the same quarter last year. Clorox has set its FY 2026 guidance at 5.950-6.300 EPS. As a group, equities research analysts forecast that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Wednesday, January 28th will be given a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, January 28th. Clorox’s dividend payout ratio (DPR) is 77.86%.

Insider Buying and Selling

In related news, Director Pierre R. Breber purchased 4,000 shares of Clorox stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average cost of $104.13 per share, with a total value of $416,520.00. Following the completion of the transaction, the director directly owned 13,000 shares in the company, valued at approximately $1,353,690. The trade was a 44.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.63% of the stock is owned by corporate insiders.

Clorox Profile

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.