New York State Teachers Retirement System Has $12.84 Million Stake in The Clorox Company $CLX

Key Points

• The New York State Teachers Retirement System increased its stake in The Clorox Company by **12.6%** during the second quarter, bringing its total holdings to approximately **$12.84 million**.
• Clorox reported **earnings per share of $2.87**, exceeding expectations, with a revenue of **$1.99 billion**, reflecting a **4.5% increase** year-over-year.
• The company declared a quarterly dividend of **$1.24**, with an upcoming payment date on **November 6th**, indicating a strong **dividend yield of 4.1%**.

New York State Teachers Retirement System lifted its holdings in shares of The Clorox Company (NYSE:CLX - Free Report) by 12.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 106,933 shares of the company's stock after acquiring an additional 11,977 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Clorox worth $12,839,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Simplicity Wealth LLC lifted its holdings in Clorox by 157.3% during the 2nd quarter. Simplicity Wealth LLC now owns 18,316 shares of the company's stock valued at $2,199,000 after purchasing an additional 11,198 shares during the last quarter. Raymond James Financial Inc. grew its holdings in Clorox by 15.6% during the first quarter. Raymond James Financial Inc. now owns 269,926 shares of the company's stock valued at $39,747,000 after purchasing an additional 36,352 shares during the period. OneDigital Investment Advisors LLC bought a new position in Clorox in the first quarter valued at approximately $247,000. Cornerstone Wealth Group LLC lifted its stake in Clorox by 19.0% in the first quarter. Cornerstone Wealth Group LLC now owns 25,582 shares of the company's stock valued at $3,767,000 after buying an additional 4,085 shares in the last quarter. Finally, Alpine Bank Wealth Management bought a new position in Clorox in the first quarter valued at approximately $478,000. 78.53% of the stock is owned by institutional investors.

Insider Buying and Selling at Clorox

In other news, COO Eric H. Reynolds sold 15,041 shares of Clorox stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $123.78, for a total value of $1,861,774.98. Following the completion of the sale, the chief operating officer owned 54,221 shares in the company, valued at $6,711,475.38. The trade was a 21.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.63% of the stock is owned by corporate insiders.

Clorox Stock Up 1.8%

Clorox stock opened at $119.73 on Friday. The company has a debt-to-equity ratio of 5.15, a quick ratio of 0.57 and a current ratio of 0.84. The Clorox Company has a 52-week low of $116.53 and a 52-week high of $171.37. The firm has a 50 day moving average price of $121.61 and a two-hundred day moving average price of $127.73. The firm has a market cap of $14.58 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 0.99 and a beta of 0.52.

Clorox (NYSE:CLX - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.63. Clorox had a net margin of 11.40% and a return on equity of 377.86%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business earned $1.82 EPS. The company's revenue was up 4.5% compared to the same quarter last year. Clorox has set its FY 2026 guidance at 5.950-6.30 EPS. Equities analysts predict that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Wednesday, October 22nd will be paid a $1.24 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $4.96 annualized dividend and a dividend yield of 4.1%. Clorox's payout ratio is currently 76.07%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CLX. Jefferies Financial Group cut their price objective on shares of Clorox from $167.00 to $145.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. BNP Paribas Exane decreased their price objective on shares of Clorox from $118.00 to $110.00 and set an "underperform" rating on the stock in a report on Friday. TD Cowen decreased their price target on shares of Clorox from $120.00 to $117.00 and set a "hold" rating on the stock in a research note on Wednesday, October 1st. Zacks Research upgraded shares of Clorox from a "strong sell" rating to a "hold" rating in a research note on Monday, September 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Clorox from $135.00 to $127.00 and set a "neutral" rating on the stock in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Clorox presently has a consensus rating of "Reduce" and an average price target of $130.20.

Clorox 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.

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