Clarcor Inc. (CLC) Sets New 12-Month High at $66.37
Shares of Clarcor Inc. (NYSE:CLC) reached a new 52-week high during trading on Friday . The company traded as high as $66.37 and last traded at $66.16, with a volume of 50,500 shares trading hands. The stock had previously closed at $65.69.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Clarcor from a “sell” rating to a “hold” rating and set a $73.00 target price for the company in a research note on Monday. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Clarcor in a research note on Thursday, June 16th. Finally, CL King reaffirmed a “neutral” rating on shares of Clarcor in a research note on Wednesday, June 8th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $63.50.
The firm has a market capitalization of $3.24 billion and a P/E ratio of 22.84. The company has a 50-day moving average price of $63.28 and a 200-day moving average price of $58.45.
Clarcor (NYSE:CLC) last announced its earnings results 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. During the same period in the previous year, the company earned $0.74 earnings per share. The firm had revenue of $365 million for the quarter. Analysts anticipate that Clarcor Inc. will post $2.66 earnings per share for the current year.
In other Clarcor news, CEO Christopher Conway sold 2,000 shares of Clarcor stock in a transaction on 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 sale, the chief executive officer now directly owns 17,023 shares of the company’s stock, valued at $1,035,168.63. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP David J. Lindsay sold 44,000 shares of Clarcor stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $62.14, for a total transaction 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 disclosure for this sale can be found here.
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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