Clarcor Inc. (CLC) to Distribute Quarterly Dividend of $0.25 on November 4th
Clarcor Inc. (NYSE:CLC) declared a quarterly dividend on Monday, September 26th. Stockholders of record on Monday, October 17th will be paid a dividend of 0.25 per share on Friday, November 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Thursday, October 13th. This is a boost from Clarcor’s previous quarterly dividend of $0.22.
Clarcor (NYSE:CLC) opened at 63.28 on Friday. The stock has a 50 day moving average price of $64.26 and a 200 day moving average price of $60.81. Clarcor has a 52 week low of $44.13 and a 52 week high of $66.59. The stock has a market capitalization of $3.08 billion, a PE ratio of 21.68 and a beta of 1.15.
Clarcor (NYSE:CLC) last released its earnings results on Wednesday, September 14th. The company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.04. Clarcor had a return on equity of 11.60% and a net margin of 10.35%. The firm earned $331.40 million during the quarter, compared to analysts’ expectations of $339.43 million. During the same period in the previous year, the firm posted $0.66 EPS. Clarcor’s revenue for the quarter was down 7.3% on a year-over-year basis. Equities analysts forecast that Clarcor will post $2.60 EPS for the current year.
CLC has been the subject of several analyst reports. Zacks Investment Research cut Clarcor from a “hold” rating to a “sell” rating in a research note on Wednesday, August 17th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Clarcor in a research note on Thursday, June 16th. Finally, Robert W. Baird boosted their target price on 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 issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $68.50.
In other news, CEO Christopher Conway sold 1,500 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 16,523 shares of the company’s stock, valued at approximately $1,027,400.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP David J. Lindsay sold 44,000 shares of the company’s stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $62.14, for a total value of $2,734,160.00. Following the transaction, the vice president now directly owns 25,676 shares of the company’s stock, valued at $1,595,506.64. The disclosure for this sale can be found here. Insiders own 2.96% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC boosted its stake in shares of Clarcor by 1.0% in the second quarter. Nuveen Asset Management LLC now owns 77,601 shares of the company’s stock worth $4,720,000 after buying an additional 776 shares during the period. Laurion Capital Management LP boosted its stake in shares of Clarcor by 84.2% in the second quarter. Laurion Capital Management LP now owns 7,000 shares of the company’s stock worth $426,000 after buying an additional 3,200 shares during the period. BOKF NA boosted its stake in shares of Clarcor by 0.3% in the second quarter. BOKF NA now owns 5,705 shares of the company’s stock worth $347,000 after buying an additional 17 shares during the period. Lord Abbett & CO. LLC boosted its stake in shares of Clarcor by 20.6% in the second quarter. Lord Abbett & CO. LLC now owns 41,000 shares of the company’s stock worth $2,494,000 after buying an additional 7,000 shares during the period. Finally, ProShare Advisors LLC boosted its stake in shares of Clarcor by 106.0% in the second quarter. ProShare Advisors LLC now owns 76,465 shares of the company’s stock worth $4,651,000 after buying an additional 39,344 shares during the period. 90.58% of the stock is owned by institutional investors and hedge funds.
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.
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.