Brown Advisory Inc. increased its position in Clarcor Inc. (NYSE:CLC) by 4.0% during the second quarter, Holdings Channel reports. The fund owned 8,790 shares of the company’s stock after buying an additional 340 shares during the period. Brown Advisory Inc.’s holdings in Clarcor were worth $535,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Legacy Capital Partners Inc. boosted its stake in Clarcor by 1.3% in the second quarter. Legacy Capital Partners Inc. now owns 5,162 shares of the company’s stock worth $315,000 after buying an additional 65 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Clarcor by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,117,038 shares of the company’s stock worth $67,945,000 after buying an additional 27,702 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Clarcor by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,973 shares of the company’s stock worth $424,000 after buying an additional 847 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Clarcor by 28.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 348,140 shares of the company’s stock worth $21,177,000 after buying an additional 77,695 shares during the last quarter. Finally, Impax Asset Management LTD boosted its stake in Clarcor by 14.1% in the second quarter. Impax Asset Management LTD now owns 224,796 shares of the company’s stock worth $13,675,000 after buying an additional 27,800 shares during the last quarter. 90.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Clarcor Inc. (NYSE:CLC) opened at 65.00 on Friday. Clarcor Inc. has a 12 month low of $44.13 and a 12 month high of $66.59. The company has a market cap of $3.16 billion, a PE ratio of 22.27 and a beta of 1.18. The firm’s 50-day moving average is $64.10 and its 200-day moving average is $60.49.
Clarcor (NYSE:CLC) last issued its earnings results on Wednesday, September 14th. The company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.04. Clarcor had a net margin of 10.35% and a return on equity of 11.60%. The firm earned $331.40 million during the quarter, compared to analyst estimates of $339.43 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. Clarcor’s revenue for the quarter was down 7.3% on a year-over-year basis. On average, equities research analysts predict that Clarcor Inc. will post $2.60 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Monday, October 17th will be given a dividend of $0.25 per share. This is a positive change from Clarcor’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.54%. Clarcor’s dividend payout ratio is currently 30.14%.
A number of research firms have weighed in on CLC. Zacks Investment Research cut shares of Clarcor from a “buy” rating to a “sell” rating in a research note on Monday, September 19th. Robert W. Baird boosted their price objective on shares of Clarcor from $61.00 to $64.00 and gave the stock a “neutral” rating in a research note on Friday, September 16th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Clarcor in a research note on Thursday, June 16th. Finally, CL King reissued a “neutral” rating on shares of Clarcor in a research note on Wednesday, June 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Clarcor has an average rating of “Hold” and an average target price of $68.50.
In related news, VP David J. Lindsay sold 44,000 shares of the company’s stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $62.14, for a total transaction of $2,734,160.00. Following the sale, the vice president now owns 25,676 shares of the company’s stock, valued at $1,595,506.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Christopher Conway sold 2,000 shares of the company’s stock in a transaction on Friday, July 8th. The shares were sold at an average price of $60.81, for a total transaction of $121,620.00. Following the sale, the chief executive officer now directly owns 17,023 shares in the company, valued at approximately $1,035,168.63. The disclosure for this sale can be found here. Corporate insiders own 2.96% of the company’s stock.
Clarcor Company Profile
CLARCOR Inc provides filtration products, filtration systems and services, and consumer and industrial packaging products. The Company’s segments include Engine/Mobile Filtration and Industrial/Environmental Filtration. Its Engine/Mobile Filtration segment manufactures and sells filtration products for on-road and off-road mobile and stationary applications, including trucks, agricultural machinery, transit buses, locomotives, and other industrial and specialty applications.
Want to see what other hedge funds are holding CLC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clarcor Inc. (NYSE:CLC).
Receive News & Ratings for Clarcor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clarcor Inc. and related companies with MarketBeat.com's FREE daily email newsletter.