Clarcor Inc. (CLC) Hits New 12-Month High at $63.35
Clarcor Inc. (NYSE:CLC) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $63.35 and last traded at $63.31, with a volume of 55,983 shares trading hands. The stock had previously closed at $62.41.
CLC has been the topic of several recent analyst reports. Zacks Investment Research lowered Clarcor from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. CL King reaffirmed a “neutral” rating on shares of Clarcor in a research report on Wednesday, June 8th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Clarcor in a research report on Thursday, June 16th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Clarcor in a research report on Sunday, April 17th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $61.00.
The firm’s 50-day moving average price is $61.28 and its 200 day moving average price is $55.98. The stock has a market cap of $3.09 billion and a price-to-earnings ratio of 21.79.
Clarcor (NYSE:CLC) last issued its quarterly earnings data on Wednesday, June 15th. The company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. During the same period in the previous year, the firm earned $0.74 earnings per share. The firm earned $365 million during the quarter. On average, equities research analysts anticipate that Clarcor Inc. will post $2.66 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 22nd. Stockholders of record on Thursday, July 14th were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, July 12th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.39%.
In other news, VP David J. Lindsay sold 44,000 shares of Clarcor stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $62.14, for a total value of $2,734,160.00. Following the completion of the sale, the vice president now directly owns 25,676 shares of the company’s stock, valued at $1,595,506.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher Conway sold 1,500 shares of Clarcor stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $62.18, for a total value of $93,270.00. Following the completion of the sale, the chief executive officer now directly owns 16,523 shares of the company’s stock, valued at $1,027,400.14. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors recently added to or reduced their stakes in CLC. US Bancorp DE raised its position in Clarcor by 2.1% in the fourth quarter. US Bancorp DE now owns 24,643 shares of the company’s stock worth $1,224,000 after buying an additional 503 shares during the period. Mutual of America Capital Management LLC raised its position in 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 period. Principal Financial Group Inc. raised its position in 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 period. New York State Common Retirement Fund raised its position in Clarcor by 13.4% in the fourth quarter. New York State Common Retirement Fund now owns 86,334 shares of the company’s stock worth $4,289,000 after buying an additional 10,185 shares during the period. Finally, Schroder Investment Management Group raised its position in 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 period.
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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