Teacher Retirement System of Texas Makes New $34.52 Million Investment in The Clorox Company (NYSE:CLX)

Teacher Retirement System of Texas bought a new position in shares of The Clorox Company (NYSE:CLX - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 234,395 shares of the company's stock, valued at approximately $34,515,000. Teacher Retirement System of Texas owned approximately 0.19% of Clorox as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CLX. Redwood Park Advisors LLC bought a new position in shares of Clorox in the fourth quarter worth $26,000. Millstone Evans Group LLC acquired a new stake in Clorox during the fourth quarter worth about $31,000. Wood Tarver Financial Group LLC bought a new position in Clorox in the 4th quarter valued at about $31,000. GKV Capital Management Co. Inc. acquired a new position in shares of Clorox in the 4th quarter valued at approximately $32,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Clorox in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 78.53% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CLX shares. UBS Group decreased their price objective on shares of Clorox from $176.00 to $154.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Citigroup reduced their target price on Clorox from $165.00 to $150.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Jefferies Financial Group lowered their price target on Clorox from $167.00 to $145.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Wells Fargo & Company reduced their price objective on Clorox from $145.00 to $142.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 6th. Finally, Evercore ISI set a $140.00 target price on Clorox and gave the company an "underperform" rating in a research report on Tuesday, May 6th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $149.50.

Insider Activity at Clorox

In related news, Director Pierre R. Breber acquired 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average cost of $136.57 per share, for a total transaction of $546,280.00. Following the completion of the acquisition, the director directly owned 4,000 shares of the company's stock, valued at approximately $546,280. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.57% of the company's stock.

Clorox Price Performance

Shares of CLX opened at $124.80 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.74 and a debt-to-equity ratio of 13.07. The stock has a market cap of $15.38 billion, a PE ratio of 22.41, a PEG ratio of 3.03 and a beta of 0.51. The Clorox Company has a 12-month low of $117.35 and a 12-month high of $171.37. The business has a 50-day simple moving average of $129.92 and a two-hundred day simple moving average of $144.13.

Clorox (NYSE:CLX - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.12). Clorox had a net margin of 9.89% and a return on equity of 324.23%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the company earned $1.71 EPS. The business's quarterly revenue was down 8.0% compared to the same quarter last year. Analysts anticipate that The Clorox Company will post 7.15 earnings per share for the current fiscal 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.

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