Huntington National Bank held its stake in shares of Clarcor Inc. (NYSE:CLC) during the second quarter, Holdings Channel reports. The firm owned 3,815 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Clarcor were worth $252,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of CLC. LS Investment Advisors LLC boosted its stake in shares of Clarcor by 74.9% in the second quarter. LS Investment Advisors LLC now owns 2,994 shares of the company’s stock valued at $182,000 after buying an additional 1,282 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Clarcor during the second quarter valued at $213,000. Capstone Asset Management Co. boosted its stake in shares of Clarcor by 0.8% in the second quarter. Capstone Asset Management Co. now owns 3,846 shares of the company’s stock valued at $234,000 after buying an additional 30 shares in the last quarter. BB&T Securities LLC purchased a new stake in shares of Clarcor during the first quarter valued at $223,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Clarcor during the first quarter valued at $283,000. Institutional investors and hedge funds own 90.30% of the company’s stock.
Shares of Clarcor Inc. (NYSE:CLC) traded up 1.29% on Friday, reaching $65.00. The company had a trading volume of 156,025 shares. Clarcor Inc. has a 52 week low of $44.13 and a 52 week high of $66.59. The company has a market capitalization of $3.16 billion, a P/E ratio of 22.27 and a beta of 1.18. The company has a 50 day moving average of $64.10 and a 200-day moving average of $60.49.
Clarcor (NYSE:CLC) last posted its earnings results on Wednesday, September 14th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.04. The company earned $331.40 million during the quarter, compared to analysts’ expectations of $339.43 million. Clarcor had a return on equity of 11.60% and a net margin of 10.35%. The firm’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. Analysts predict that Clarcor Inc. will post $2.60 earnings per share for the current fiscal 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 paid a dividend of $0.25 per share. This is a boost 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 annualized dividend and a yield of 1.54%. Clarcor’s dividend payout ratio (DPR) is 30.14%.
Several brokerages have weighed in on CLC. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Clarcor in a report on Thursday, June 16th. Zacks Investment Research lowered Clarcor from a “buy” rating to a “sell” rating in a research report on Monday, September 19th. CL King reissued a “neutral” rating on shares of Clarcor in a research report on Wednesday, June 8th. Finally, Robert W. Baird boosted 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 investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $68.50.
In other Clarcor news, CEO Christopher Conway sold 1,500 shares of the firm’s stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $62.18, for a total transaction of $93,270.00. Following the completion of the sale, the chief executive officer now owns 16,523 shares of the company’s stock, valued at $1,027,400.14. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO David Joseph Fallon sold 25,000 shares of the firm’s stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $62.14, for a total value of $1,553,500.00. Following the sale, the chief financial officer now directly owns 28,217 shares of the company’s stock, valued at approximately $1,753,404.38. The disclosure for this sale can be found here. Company insiders own 2.96% of the company’s stock.
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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