Clarcor Inc. (CLC) Sets New 1-Year High at $63.92
Clarcor Inc. (NYSE:CLC) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $63.92 and last traded at $63.77, with a volume of 114,368 shares trading hands. The stock had previously closed at $63.12.
CLC has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Clarcor from a “hold” rating to a “sell” rating in a report on Wednesday. CL King restated a “neutral” rating on shares of Clarcor in a report on Wednesday, June 8th. Finally, Oppenheimer Holdings Inc. restated a “hold” rating on shares of Clarcor in a report on Thursday, June 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $61.00.
The company’s 50-day moving average price is $62.19 and its 200 day moving average price is $57.21. The company has a market capitalization of $3.11 billion and a price-to-earnings ratio of 21.94.
Clarcor (NYSE:CLC) last issued its quarterly earnings data on Wednesday, June 15th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The company had revenue of $365 million for the quarter. During the same quarter last year, the firm posted $0.74 EPS. On average, equities research analysts forecast that Clarcor Inc. will post $2.66 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 22nd. Investors of record on Thursday, July 14th were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, July 12th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.38%.
In related news, CEO Christopher Conway sold 1,500 shares of the firm’s stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $62.18, for a total transaction of $93,270.00. Following the sale, the chief executive officer now directly owns 16,523 shares in the company, valued at $1,027,400.14. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert J. Burgstahler sold 7,500 shares of the firm’s stock in a transaction 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 sale, the director now owns 33,953 shares in the company, valued at $2,105,086. The disclosure for this sale can be found here.
Other large investors recently modified their holdings of the company. Schroder Investment Management Group raised 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 last quarter. New York State Common Retirement Fund raised 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 last quarter. Mutual of America Capital Management LLC raised 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 last quarter. Finally, US Bancorp DE raised 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 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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