Clarcor Inc. (CLC) Reaches New 1-Year High at $62.21
Clarcor Inc. (NYSE:CLC)’s share price reached a new 52-week high on Monday . The company traded as high as $62.21 and last traded at $61.92, with a volume of 79,808 shares. The stock had previously closed at $61.24.
A number of research firms have recently weighed in on CLC. Robert W. Baird reissued a “hold” rating on shares of Clarcor in a report on Sunday, April 17th. William Blair reissued a “hold” rating on shares of Clarcor in a report on Saturday, March 19th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Clarcor in a report on Thursday, March 17th. 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. Finally, TheStreet raised Clarcor from a “hold” rating to a “buy” rating in a report on Monday, March 21st. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Clarcor currently has an average rating of “Hold” and an average target price of $61.00.
The firm has a market capitalization of $3.01 billion and a PE ratio of 21.22. The company’s 50-day moving average is $59.81 and its 200-day moving average is $54.05.
Clarcor (NYSE:CLC) last issued its quarterly earnings results on Wednesday, June 15th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $365 million for the quarter. During the same period in the prior year, the firm posted $0.74 earnings per share. Equities research analysts predict that Clarcor Inc. will post $2.66 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 22nd. Shareholders of record on Thursday, July 14th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Tuesday, July 12th.
In other Clarcor news, VP Richard M. Wolfson sold 5,000 shares of the stock in a transaction on Monday, June 20th. The stock was sold at an average price of $61.21, for a total transaction of $306,050.00. Following the completion of the transaction, the vice president now directly owns 23,190 shares of the company’s stock, valued at approximately $1,419,459.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David J. Lindsay sold 21,700 shares of the stock in a transaction on Wednesday, April 27th. The shares were sold at an average price of $59.52, for a total value of $1,291,584.00. Following the transaction, the vice president now directly owns 33,506 shares of the company’s stock, valued at $1,994,277.12. The disclosure for this sale can be found here.
A number of institutional investors have recently modified their holdings of CLC. Schroder Investment Management Group raised its position in shares of Clarcor by 20.1% in the fourth quarter. Schroder Investment Management Group now owns 705,600 shares of the company’s stock worth $35,054,000 after buying an additional 117,900 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Clarcor by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 156,476 shares of the company’s stock worth $7,774,000 after buying an additional 990 shares during the last quarter. Philadelphia Trust Co. raised its position in shares of Clarcor by 20.4% in the fourth quarter. Philadelphia Trust Co. now owns 168,592 shares of the company’s stock worth $8,758,000 after buying an additional 28,557 shares during the last quarter. Morgan Stanley raised its position in shares of Clarcor by 23.1% in the fourth quarter. Morgan Stanley now owns 72,636 shares of the company’s stock worth $3,608,000 after buying an additional 13,647 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its position in shares of Clarcor by 2.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 34,191 shares of the company’s stock worth $1,699,000 after buying an additional 737 shares during the last quarter.
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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