Raymond James Trust N.A. lowered its position in shares of Clarcor Inc. (NYSE:CLC) by 0.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,845 shares of the company’s stock after selling 1 shares during the period. Raymond James Trust N.A.’s holdings in Clarcor were worth $510,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of CLC. Victory Capital Management Inc. raised its position in shares of Clarcor by 76.9% in the second quarter. Victory Capital Management Inc. now owns 1,792 shares of the company’s stock worth $109,000 after buying an additional 779 shares during the period. LS Investment Advisors LLC raised its position 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 worth $182,000 after buying an additional 1,282 shares during the period. Eqis Capital Management Inc. acquired a new position in shares of Clarcor during the third quarter worth approximately $201,000. Fox Run Management L.L.C. acquired a new position in shares of Clarcor during the second quarter worth approximately $213,000. Finally, Calvert Investment Management Inc. acquired a new position in shares of Clarcor during the second quarter worth approximately $231,000. 89.91% of the stock is currently owned by institutional investors.
Clarcor Inc. (NYSE:CLC) traded up 1.85% on Friday, reaching $70.85. The company had a trading volume of 77,793 shares. The company’s 50 day moving average price is $64.09 and its 200-day moving average price is $62.35. Clarcor Inc. has a 12 month low of $44.13 and a 12 month high of $70.86. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 24.27 and a beta of 1.06.
Clarcor (NYSE:CLC) last released its quarterly earnings data on Wednesday, September 14th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. The business had revenue of $331.40 million for 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%. Clarcor’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 earnings per share. On average, equities analysts predict that Clarcor Inc. will post $2.60 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 4th. Stockholders of record on Monday, October 17th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, October 13th. This is a boost from Clarcor’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.41%. Clarcor’s payout ratio is currently 34.25%.
A number of research analysts recently issued reports on the company. Zacks Investment Research lowered Clarcor from a “buy” rating to a “sell” rating in a report on Monday, September 19th. Robert W. Baird lifted their target price on Clarcor from $61.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, September 16th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Clarcor currently has a consensus rating of “Hold” and a consensus 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.