Clarcor Inc. (CLC) Sets New 52-Week High at $63.64
Shares of Clarcor Inc. (NYSE:CLC) hit a new 52-week high on Thursday . The stock 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.
Several research firms have recently commented on CLC. CL King reissued a “neutral” rating on shares of Clarcor in a research note on Wednesday, June 8th. Zacks Investment Research cut shares of Clarcor from a “buy” rating to a “hold” rating in a research note on Monday, June 20th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Clarcor in a research note on Thursday, June 16th. Finally, Robert W. Baird reissued a “hold” rating on shares of Clarcor in a research note on Sunday, April 17th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $61.00.
The stock’s 50-day moving average price is $61.61 and its 200 day moving average price is $56.59. The firm has a market cap of $3.06 billion and a PE ratio of 21.57.
Clarcor (NYSE:CLC) last issued its quarterly earnings data on Wednesday, June 15th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. The business earned $365 million during the quarter. During the same period last year, the business earned $0.74 EPS. Equities analysts predict that Clarcor Inc. will post $2.66 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 22nd. Shareholders of record on Thursday, July 14th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.40%. The ex-dividend date was Tuesday, July 12th.
In other Clarcor news, CEO Christopher Conway sold 1,500 shares of Clarcor stock in a transaction dated 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 owns 16,523 shares in the company, valued at approximately $1,027,400.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Joseph Fallon sold 25,000 shares of Clarcor stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $62.14, for a total transaction of $1,553,500.00. Following the completion of the sale, the chief financial officer now owns 28,217 shares of the company’s stock, valued at approximately $1,753,404.38. The disclosure for this sale can be found here.
Several hedge funds have recently modified their holdings of CLC. US Bancorp DE increased its stake in shares of 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 increased its stake 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 period. New York State Common Retirement Fund increased its stake 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 worth $4,289,000 after buying an additional 10,185 shares during the period. Finally, Schroder Investment Management Group increased its stake 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 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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