Clarcor Inc. (CLC) Rating Increased to Hold at Zacks Investment Research
Clarcor Inc. (NYSE:CLC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.
According to Zacks, “Clarcor Inc. is a diversified marketer and manufacturer of mobile, industrial and environmental filtration products and consumer and industrial packaging products sold in domestic and international markets. “
Separately, Robert W. Baird upped their target price on shares of Clarcor from $61.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, September 16th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Clarcor currently has a consensus rating of “Hold” and an average target price of $68.50.
Shares of Clarcor (NYSE:CLC) traded up 0.06% during midday trading on Thursday, hitting $69.56. The stock had a trading volume of 195,743 shares. The stock’s 50-day moving average price is $63.93 and its 200 day moving average price is $62.25. Clarcor has a 52 week low of $44.13 and a 52 week high of $70.18. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 23.83 and a beta of 1.06.
Clarcor (NYSE:CLC) last posted its earnings results on Wednesday, September 14th. The company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.04. Clarcor had a net margin of 10.35% and a return on equity of 11.60%. The company had revenue of $331.40 million for the quarter, compared to analyst estimates of $339.43 million. During the same quarter in the prior year, the business posted $0.66 EPS. The firm’s revenue was down 7.3% compared to the same quarter last year. On average, equities analysts forecast that Clarcor will post $2.60 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 4th. Shareholders of record on Monday, October 17th were paid a $0.25 dividend. This is a positive change from Clarcor’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, October 13th. This represents a $1.00 annualized dividend and a yield of 1.44%. Clarcor’s dividend payout ratio (DPR) is 34.25%.
Large investors have recently bought and sold shares of the stock. UBS Group AG raised its stake in shares of Clarcor by 13.4% in the first quarter. UBS Group AG now owns 10,729 shares of the company’s stock valued at $620,000 after buying an additional 1,264 shares during the last quarter. Geode Capital Management LLC raised its stake 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 valued at $20,037,000 after buying an additional 36,504 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Clarcor by 25.7% in the first quarter. Envestnet Asset Management Inc. now owns 14,762 shares of the company’s stock valued at $853,000 after buying an additional 3,015 shares during the last quarter. A.R.T. Advisors LLC bought a new stake in shares of Clarcor during the first quarter valued at about $990,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Clarcor by 2.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 79,204 shares of the company’s stock valued at $4,577,000 after buying an additional 1,780 shares during the last quarter. Hedge funds and other institutional investors own 89.91% 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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