Monarch Capital Management Inc. continued to hold its position in Clarcor Inc. (NYSE:CLC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,825 shares of the company’s stock at the end of the second quarter. Monarch Capital Management Inc.’s holdings in Clarcor were worth $1,632,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in CLC. Nuveen Asset Management LLC raised its position in Clarcor by 221.0% in the first quarter. Nuveen Asset Management LLC now owns 76,825 shares of the company’s stock valued at $4,440,000 after buying an additional 52,893 shares in the last quarter. Atlanta Capital Management Co. L L C raised its position in 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 valued at $217,369,000 after buying an additional 38,973 shares in the last quarter. Geode Capital Management LLC raised its position in Clarcor by 11.8% in the first quarter. Geode Capital Management LLC now owns 346,728 shares of the company’s stock valued at $20,037,000 after buying an additional 36,504 shares in the last quarter. Trutina Financial LLC purchased a new position in Clarcor during the second quarter valued at about $1,695,000. Finally, BNP Paribas Arbitrage SA raised its position in Clarcor by 56,821.1% in the second quarter. BNP Paribas Arbitrage SA now owns 21,630 shares of the company’s stock valued at $1,316,000 after buying an additional 21,592 shares in the last quarter. 90.55% of the stock is currently owned by institutional investors and hedge funds.
Clarcor Inc. (NYSE:CLC) traded up 0.13% during midday trading on Monday, hitting $61.96. 65,260 shares of the stock traded hands. The company has a 50-day moving average price of $63.87 and a 200 day moving average price of $60.95. Clarcor Inc. has a one year low of $44.13 and a one year high of $66.59. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 21.23 and a beta of 1.15.
Clarcor (NYSE:CLC) last released its earnings results on Wednesday, September 14th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.04. The company had revenue of $331.40 million for the quarter, compared to analyst estimates 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 prior year, the business earned $0.66 EPS. Equities research analysts anticipate that Clarcor Inc. will post $2.60 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Monday, October 17th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, October 13th. This is a positive change from Clarcor’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a yield of 1.61%. Clarcor’s dividend payout ratio is 34.25%.
CLC has been the topic of several analyst reports. Zacks Investment Research raised shares of Clarcor from a “sell” rating to a “hold” rating and set a $73.00 price target on the stock in a report on Monday, August 29th. Robert W. Baird lifted 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. One 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. The company has a consensus rating of “Hold” and a consensus price target of $68.50.
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.