Clarcor Inc. (CLC) Hits New 52-Week High at $63.64
Clarcor Inc. (NYSE:CLC)’s share price hit a new 52-week high on Thursday . The company traded as high as $63.64 and last traded at $63.28, with a volume of 77,525 shares. The stock had previously closed at $63.05.
CLC has been the topic of a number of research analyst reports. Zacks Investment Research lowered Clarcor from a “buy” rating to a “hold” rating in a research note on Monday, June 20th. CL King reiterated a “neutral” rating on shares of Clarcor in a research report on Wednesday, June 8th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Clarcor in a research report on Thursday, June 16th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Clarcor in a research report on Sunday, April 17th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $61.00.
The firm’s 50 day moving average is $61.49 and its 200 day moving average is $56.42. The company has a market capitalization of $3.08 billion and a P/E ratio of 21.74.
Clarcor (NYSE:CLC) last announced its quarterly earnings data on Wednesday, June 15th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The business earned $365 million during the quarter. During the same quarter last year, the firm earned $0.74 EPS. On average, equities analysts predict that Clarcor Inc. will post $2.66 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 22nd. Stockholders of record on Thursday, July 14th were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, July 12th. This represents a $0.88 annualized dividend and a dividend yield of 1.39%.
In other news, VP Richard M. Wolfson sold 5,000 shares of the business’s stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $61.21, for a total value of $306,050.00. Following the transaction, the vice president now directly owns 23,190 shares in the company, valued at $1,419,459.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher Conway sold 2,000 shares of the business’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $60.81, for a total value of $121,620.00. Following the completion of the transaction, the chief executive officer now owns 17,023 shares in the company, valued at $1,035,168.63. The disclosure for this sale can be found here.
Other 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. 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. Finally, New York State Common Retirement Fund increased its position in shares of Clarcor by 13.4% in the fourth quarter. New York State Common Retirement Fund now owns 86,334 shares of the company’s stock valued at $4,289,000 after buying an additional 10,185 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.