Clarcor Inc. (CLC) Hits New 12-Month High at $66.37
Shares of Clarcor Inc. (NYSE:CLC) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $66.37 and last traded at $66.16, with a volume of 50,500 shares. The stock had previously closed at $65.69.
A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Clarcor from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Clarcor in a research report on Thursday, June 16th. Finally, CL King reissued a “neutral” rating on shares of Clarcor in a research report on Wednesday, June 8th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Clarcor has an average rating of “Hold” and a consensus target price of $63.50.
The stock has a market capitalization of $3.24 billion and a P/E ratio of 22.84. The stock’s 50 day moving average is $63.32 and its 200 day moving average is $58.45.
Clarcor (NYSE:CLC) last issued its quarterly earnings results on Wednesday, June 15th. The company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. The company earned $365 million during the quarter. During the same quarter in the prior year, the company earned $0.74 earnings per share. On average, analysts forecast that Clarcor Inc. will post $2.66 EPS for the current fiscal year.
In other Clarcor news, VP Richard M. Wolfson sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $61.21, for a total transaction of $306,050.00. Following the completion of the sale, the vice president now directly owns 23,190 shares in the company, valued at approximately $1,419,459.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David J. Lindsay sold 44,000 shares of the firm’s stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $62.14, for a total value of $2,734,160.00. Following the sale, the vice president now 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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