Prudential Financial Inc. Has $2,607,000 Position in CLARCOR Inc. (CLC)
Prudential Financial Inc. cut its stake in shares of CLARCOR Inc. (NYSE:CLC) by 15.2% during the third quarter, Holdings Channel reports. The fund owned 40,114 shares of the company’s stock after selling 7,190 shares during the period. Prudential Financial Inc. owned about 0.08% of CLARCOR worth $2,607,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. increased its position in shares of CLARCOR by 2.4% in the third quarter. UBS Asset Management Americas Inc. now owns 49,518 shares of the company’s stock valued at $3,220,000 after buying an additional 1,162 shares during the last quarter. Retirement Systems of Alabama increased its position in shares of CLARCOR by 0.4% in the third quarter. Retirement Systems of Alabama now owns 62,835 shares of the company’s stock valued at $4,084,000 after buying an additional 271 shares during the last quarter. AMG National Trust Bank increased its position in shares of CLARCOR by 1.3% in the third quarter. AMG National Trust Bank now owns 10,068 shares of the company’s stock valued at $654,000 after buying an additional 127 shares during the last quarter. Commerce Bank increased its position in shares of CLARCOR by 12.4% in the third quarter. Commerce Bank now owns 10,140 shares of the company’s stock valued at $659,000 after buying an additional 1,117 shares during the last quarter. Finally, TD Asset Management Inc. increased its position in shares of CLARCOR by 28.3% in the third quarter. TD Asset Management Inc. now owns 20,393 shares of the company’s stock valued at $1,326,000 after buying an additional 4,500 shares during the last quarter. 89.75% of the stock is owned by hedge funds and other institutional investors.
CLARCOR Inc. (NYSE:CLC) traded up 0.21% during mid-day trading on Friday, hitting $82.57. 190,892 shares of the stock traded hands. CLARCOR Inc. has a 12 month low of $44.38 and a 12 month high of $83.00. The company’s 50 day moving average is $80.99 and its 200 day moving average is $67.49. The company has a market cap of $4.01 billion, a P/E ratio of 28.29 and a beta of 1.13.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 10th. Shareholders of record on Monday, January 30th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, January 26th. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. CLARCOR’s dividend payout ratio is currently 34.25%.
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Several research analysts have commented on the stock. Zacks Investment Research raised shares of CLARCOR from a “sell” rating to a “hold” rating in a report on Friday, December 16th. Stephens set a $83.00 price objective on shares of CLARCOR and gave the company a “hold” rating in a research report on Monday, December 5th. Gabelli cut shares of CLARCOR from a “hold” rating to a “sell” rating in a research report on Friday, December 2nd. Finally, Robert W. Baird raised their price objective on shares of CLARCOR from $61.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, September 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $73.33.
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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