Clarcor Inc. (CLC) Hits New 1-Year High at $63.92
Shares of Clarcor Inc. (NYSE:CLC) hit a new 52-week high during trading on Friday . The stock traded as high as $63.92 and last traded at $63.77, with a volume of 114,368 shares changing hands. The stock had previously closed at $63.12.
Several brokerages recently commented on CLC. Zacks Investment Research cut Clarcor from a “hold” rating to a “sell” rating in a report on Wednesday. CL King reiterated a “neutral” rating on shares of Clarcor in a report on Wednesday, June 8th. Finally, Oppenheimer Holdings Inc. reiterated 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 given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $61.00.
The firm has a market cap of $3.11 billion and a PE ratio of 21.94. The stock has a 50-day moving average price of $62.19 and a 200-day moving average price of $57.21.
Clarcor (NYSE:CLC) last posted its quarterly earnings data on Wednesday, June 15th. The company reported $0.73 earnings per share 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 in the prior year, the company earned $0.74 earnings per share. On average, equities analysts anticipate that Clarcor Inc. will post $2.66 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 22nd. Stockholders of record on Thursday, July 14th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Tuesday, July 12th.
In related news, CFO David Joseph Fallon sold 25,000 shares of the stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $62.14, for a total value of $1,553,500.00. Following the transaction, the chief financial officer now owns 28,217 shares of the company’s stock, valued at $1,753,404.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David J. Lindsay sold 44,000 shares of the stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $62.14, for a total value of $2,734,160.00. Following the completion of the transaction, the vice president now directly owns 25,676 shares in the company, valued at approximately $1,595,506.64. The disclosure for this sale can be found here.
A number of institutional investors have bought and sold shares of 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 valued at $1,224,000 after buying an additional 503 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 valued at $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 valued at $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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