Clarcor Inc. (CLC) Shares Bought by Vanguard Group Inc.
Vanguard Group Inc. boosted its position in shares of Clarcor Inc. (NYSE:CLC) by 2.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,879,681 shares of the company’s stock after buying an additional 90,643 shares during the period. Vanguard Group Inc. owned approximately 7.96% of Clarcor worth $236,001,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Emerald Acquisition Ltd. bought a new stake in Clarcor during the second quarter worth $11,171,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Clarcor by 28.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 348,140 shares of the company’s stock worth $21,177,000 after buying an additional 77,695 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in 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 during the last quarter. Atlanta Capital Management Co. L L C boosted its stake 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 worth $217,369,000 after buying an additional 38,973 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in Clarcor by 5.3% in the second quarter. Schroder Investment Management Group now owns 752,542 shares of the company’s stock worth $45,777,000 after buying an additional 38,142 shares during the last quarter. 90.58% of the stock is owned by hedge funds and other institutional investors.
Clarcor Inc. (NYSE:CLC) opened at 61.65 on Friday. Clarcor Inc. has a 1-year low of $44.13 and a 1-year high of $66.59. The company has a 50-day moving average price of $63.99 and a 200 day moving average price of $60.92. The stock has a market capitalization of $3.00 billion, a P/E ratio of 21.12 and a beta of 1.15.
Clarcor (NYSE:CLC) last posted its earnings results on Wednesday, September 14th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.04. The company earned $331.40 million during the quarter, compared to analyst estimates of $339.43 million. Clarcor had a return on equity of 11.60% and a net margin of 10.35%. The business’s revenue was down 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 earnings per share. On average, equities analysts predict that Clarcor Inc. will post $2.60 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Stockholders 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 annualized dividend and a dividend yield of 1.62%. Clarcor’s dividend payout ratio is 30.14%.
CLC has been the subject of several recent analyst reports. Zacks Investment Research raised Clarcor from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Friday, June 17th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Clarcor in a report on Thursday, June 16th. Finally, Robert W. Baird raised their price target on Clarcor from $61.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, September 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company currently has an average 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.
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