Clarcor Inc. (NYSE:CLC)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $62.68 and last traded at $62.40, with a volume of 40,460 shares trading hands. The stock had previously closed at $61.86.

Several brokerages recently commented on CLC. Robert W. Baird reissued a “hold” rating on shares of Clarcor in a research note on Sunday, April 17th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Clarcor in a research report on Thursday, June 16th. Zacks Investment Research upgraded shares of Clarcor from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Friday, June 17th. Finally, CL King restated a “neutral” rating on shares of Clarcor in a research report on Wednesday, June 8th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $61.00.

The stock has a market capitalization of $3.05 billion and a P/E ratio of 21.51. The firm has a 50 day moving average of $60.81 and a 200-day moving average of $55.09.

Clarcor (NYSE:CLC) last announced its quarterly earnings results on Wednesday, June 15th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. The company earned $365 million during the quarter. During the same period in the previous year, the firm earned $0.74 earnings per share. On average, equities analysts anticipate that Clarcor Inc. will post $2.66 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 22nd. Shareholders of record on Thursday, July 14th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Tuesday, July 12th.

In other news, Director Robert J. Burgstahler sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $62.00, for a total transaction of $465,000.00. Following the completion of the transaction, the director now directly owns 33,953 shares of the company’s stock, valued at approximately $2,105,086. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP David J. Lindsay sold 21,700 shares of the company’s stock in a transaction that occurred on Wednesday, April 27th. The stock was 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.

Several hedge funds and institutional investors have made changes to their positions in the company. US Bancorp DE increased its position in shares of Clarcor by 2.1% in the fourth quarter. US Bancorp DE now owns 24,643 shares of the company’s stock valued at $1,224,000 after buying an additional 503 shares during the last quarter. Schroder Investment Management Group increased 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 valued at $35,054,000 after buying an additional 117,900 shares during the last quarter. Principal Financial Group Inc. increased 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 valued at $7,774,000 after buying an additional 990 shares during the last quarter. Philadelphia Trust Co. increased 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 valued at $8,758,000 after buying an additional 28,557 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased 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 valued at $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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