Diversified Trust Co cut its position in Clarcor Inc. (NYSE:CLC) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,325 shares of the company’s stock after selling 300 shares during the period. Diversified Trust Co’s holdings in Clarcor were worth $628,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of CLC. BlackRock Group LTD raised its position in shares of Clarcor by 21.5% in the first quarter. BlackRock Group LTD now owns 36,472 shares of the company’s stock worth $2,107,000 after buying an additional 6,453 shares during the last quarter. Atlanta Capital Management Co. L L C raised its position in shares of Clarcor by 1.0% in the first quarter. Atlanta Capital Management Co. L L C now owns 3,761,366 shares of the company’s stock worth $217,369,000 after buying an additional 38,973 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Clarcor by 11.8% in the first quarter. Geode Capital Management LLC now owns 346,728 shares of the company’s stock worth $20,037,000 after buying an additional 36,504 shares during the last quarter. Teachers Advisors Inc. raised its position in shares of Clarcor by 2.7% in the first quarter. Teachers Advisors Inc. now owns 75,131 shares of the company’s stock worth $4,342,000 after buying an additional 1,967 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Clarcor by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,410,200 shares of the company’s stock worth $81,495,000 after buying an additional 12,398 shares during the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.
Clarcor Inc. (NYSE:CLC) traded down 0.45% on Monday, reaching $63.61. The company had a trading volume of 158,447 shares. Clarcor Inc. has a 1-year low of $44.13 and a 1-year high of $66.59. The firm has a market capitalization of $3.09 billion, a P/E ratio of 21.79 and a beta of 1.18. The company’s 50-day moving average price is $63.95 and its 200 day moving average price is $60.24.
Clarcor (NYSE:CLC) last posted its earnings results on Wednesday, September 14th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. The company earned $331.40 million during the quarter, compared to the consensus estimate of $339.43 million. Clarcor had a net margin of 10.35% and a return on equity of 11.60%. The firm’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. On average, equities analysts forecast that Clarcor Inc. will post $2.60 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Monday, October 17th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.57%. This is an increase from Clarcor’s previous quarterly dividend of $0.22. Clarcor’s dividend payout ratio is 30.14%.
CLC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Clarcor from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Friday, June 17th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Clarcor in a research report on Thursday, June 16th. CL King reiterated a “neutral” rating on shares of Clarcor in a research report on Wednesday, June 8th. Finally, Robert W. Baird lifted their price target on Clarcor from $61.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday, September 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $68.50.
In other Clarcor news, VP David J. Lindsay sold 44,000 shares of the company’s stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $62.14, for a total value of $2,734,160.00. Following the completion of the transaction, the vice president now owns 25,676 shares in the company, valued at $1,595,506.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Christopher Conway sold 2,000 shares of the company’s stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $60.81, for a total transaction of $121,620.00. Following the completion of the transaction, the chief executive officer now owns 17,023 shares of the company’s stock, valued at approximately $1,035,168.63. The disclosure for this sale can be found here. 2.96% of the stock is currently owned by company insiders.
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.
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