Beck Mack & Oliver LLC continued to hold its position in shares of Clarcor Inc. (NYSE:CLC) during the second quarter, Holdings Channel reports. The institutional investor owned 18,500 shares of the company’s stock at the end of the second quarter. Beck Mack & Oliver LLC’s holdings in Clarcor were worth $1,125,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen Asset Management LLC increased its position in shares of Clarcor by 221.0% in the first quarter. Nuveen Asset Management LLC now owns 76,825 shares of the company’s stock worth $4,440,000 after buying an additional 52,893 shares in the last quarter. Atlanta Capital Management Co. L L C increased 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 in the last quarter. Geode Capital Management LLC increased 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 in the last quarter. Trutina Financial LLC bought a new stake in shares of Clarcor during the second quarter valued at $1,695,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of 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. Institutional investors own 90.58% of the company’s stock.
Shares of Clarcor Inc. (NYSE:CLC) traded up 0.62% during trading on Friday, hitting $62.03. 62,935 shares of the stock were exchanged. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 21.25 and a beta of 1.15. The firm has a 50 day moving average of $63.99 and a 200-day moving average of $60.92. Clarcor Inc. has a 12-month low of $44.13 and a 12-month high of $66.59.
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 Zacks’ consensus estimate of $0.69 by $0.04. The firm 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 company’s revenue was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. On average, analysts forecast that Clarcor Inc. will post $2.60 earnings per share 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 is an increase 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 1.62%. Clarcor’s dividend payout ratio (DPR) is 30.14%.
Several brokerages have recently weighed in on CLC. Zacks Investment Research downgraded shares of Clarcor from a “hold” rating to a “sell” rating in a research report on Wednesday, August 17th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Clarcor in a research report on Thursday, June 16th. Finally, 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 report on Friday, September 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Clarcor currently has a consensus rating of “Hold” and an average target price of $68.50.
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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